Toronto has 6 distinct Class A submarkets we track, anchored by Financial Core at the trophy tier.
Toronto has 6 distinct Class A submarkets we track, anchored by Financial Core at the trophy tier.
**Financial Core** (trophy, ~C$82/sqft/yr · ≈ $60.7 PSF/yr USD) — Bay Street and the PATH. **King East & Distillery** (prime, ~C$55/sqft/yr · ≈ $40.7 PSF/yr USD) — Brick-and-beam creative HQs. **Midtown** (established, ~C$48/sqft/yr · ≈ $35.5 PSF/yr USD) — Yonge and Eglinton corridor. **South Core** (trophy, ~C$56/sqft/yr · ≈ $41.4 PSF/yr USD) — Lakeshore-adjacent post-2010 trophy spine. **King West / Liberty Village** (prime, ~C$42/sqft/yr · ≈ $31.1 PSF/yr USD) — Tech and creative-class loft belt. **East Bayfront / Port Lands** (established, ~C$40/sqft/yr · ≈ $29.6 PSF/yr USD) — Lakeshore creative district under master-plan delivery.
| city | Toronto |
|---|---|
| country | Canada |
| region | Americas |
| classARentLocal | 78 CAD/sqft/yr |
| classARentUsd | $57/sqft/yr |
| vacancy | 17.6% |
| typicalLeaseYears | 10 |
| typicalRentFreeMonths | 18 |
| submarkets | 6 |
| primeYieldPct | 5.5% |
| trophyCount | 2 |
| primeCount | 2 |
Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.