Why implement your retail space in Toronto?

Toronto offers a dynamic and thriving retail market, making it an attractive destination for businesses seeking retail space for lease. The city is home to a diverse range of neighborhoods, each with its own unique character and consumer demographics, providing ample opportunities for businesses to find the perfect location. From bustling shopping districts like Yonge Street and Queen Street West to upscale retail destinations like Yorkville, Toronto offers a wide variety of retail spaces to suit different business needs and target markets.  

Whether it's a street-level storefront, a space within a shopping center, or a trendy pop-up shop, businesses have access to a wealth of options. With a large and diverse population, strong tourism industry, and a culture that values shopping and dining experiences, leasing retail space in Toronto presents an exciting opportunity for businesses to thrive in a vibrant and competitive market. 

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How much does it cost to rent a retail space in Toronto?

The cost of renting a retail space in Toronto can vary significantly depending on various factors such as location, size, condition, and the specific neighborhood or shopping district. Rental rates are typically quoted on a per-square-foot basis and can range widely across the city. The average retail rents in prime areas of Toronto range from approximately $40 to $150 CAD per square foot per year. 

To read: our Toronto MarketBeat report analyzes quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels. 

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Are industrial space rents likely to increase in Toronto?

Popular neighborhoods in Toronto

Toronto has several popular neighborhoods that are known for their vibrant retail scenes and offer a diverse range of options for leasing retail space. Some of the popular neighborhoods in Toronto to lease retail space include: 

• Downtown Toronto: The heart of the city, downtown Toronto is a bustling area with high foot traffic and a mix of large shopping centers, luxury brand boutiques, and smaller retail spaces. Areas like Queen Street West, Bloor-Yorkville, and the Entertainment District are particularly sought after. 
• Yorkville: Located in downtown Toronto, Yorkville is known for its upscale retail and luxury shopping. It attracts high-end brands and offers a premium retail experience. 
• Kensington Market: This bohemian and eclectic neighborhood is known for its independent shops, vintage stores, and unique retail offerings. It has a vibrant and creative atmosphere that appeals to a diverse range of customers. 
• Leslieville: Situated in the east end of Toronto, Leslieville has become a popular neighborhood for trendy boutiques, specialty shops, and local artisans. It offers a more relaxed and intimate retail experience. 
• The Junction: Located in the west end of Toronto, the Junction is known for its independent retailers, art galleries, and antique stores. It has a distinct character and appeals to a niche market. 
• Queen West: Queen Street West is a vibrant and dynamic neighborhood with a mix of independent retailers, fashion boutiques, cafes, and restaurants. It is popular among the younger crowd and those seeking unique and trendy retail experiences. 

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Getting to and from Toronto

Toronto is a major transportation hub and is easily accessible by air, land, and sea. Here are some ways to get to and from Toronto: 

• By Air: Toronto Pearson International Airport is one of the busiest airports in North America and serves over 180 destinations worldwide. It is located about 30 minutes from downtown Toronto and is accessible by public transit, taxis, and ride-sharing services. 
• By Train: Toronto is served by Via Rail, which operates trains connecting Toronto to major cities across Canada. Toronto's Union Station is a major transportation hub, and is also served by GO Transit commuter trains and buses. 
• By Bus: Several bus companies operate services to and from Toronto, including Greyhound, Megabus, and Coach Canada. The city's main bus terminal is the Toronto Coach Terminal, located downtown. 
• By Car: Toronto is easily accessible by car via several major highways, including the 401, 427, and the QEW. However, traffic can be heavy, especially during peak hours. 
• By Boat: Toronto is located on the shores of Lake Ontario, and is a popular port of call for cruise ships. The city is also connected to several other ports along the Great Lakes via ferry services.