# Toronto Class A Office Market

> Toronto Class A office rents around C$78/sqft/yr · ≈ $57.7 PSF/yr USD, with 17.6% vacancy and 18 months of typical rent-free on a 10-year term.

**Canonical URL:** https://classa.info/cities/toronto
**Page type:** city
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Financial Core holds the densest trophy cluster in Canada.
- The PATH connects ~30 trophy assets underground.
- Recent CIBC SQUARE delivery reset trophy benchmarks.
- Class A vacancy 16-19% — tenant-favorable cycle.
- Bay Street remains the most prestigious address.

## Key facts
- **city**: Toronto
- **country**: Canada
- **region**: Americas
- **classARentLocal**: C$78/sqft/yr · ≈ $57.7 PSF/yr USD
- **classARentUsd**: $57.72/sqft/yr
- **vacancyPct**: 17.6%
- **typicalLeaseYears**: 10
- **typicalRentFreeMonths**: 18
- **submarkets**: 6
- **corporateTaxPct**: 26.5%
- **talentIndex**: 80

## FAQ
### What is the PATH?
Toronto's underground pedestrian network connecting roughly 30 trophy office assets, Union Station, and major retail. It materially extends the effective amenity reach of any single Financial Core address.

---
Citation: Source: Class A Atlas (https://classa.info/cities/toronto), updated 2026-04-15T00:00:00.000Z.