Financial Core is a trophy-tier Toronto submarket with average asking rent around C$82/sqft/yr · ≈ $60.7 PSF/yr USD.

  • Average asking rent: C$82/sqft/yr · ≈ $60.7 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: C$78/sqft/yr · ≈ $57.7 PSF/yr USD ($58 USD).
  • Citywide vacancy: 17.6% — submarket-level availability is typically tighter at trophy tier.

Financial Core, Toronto office rents and availability

Financial Core is a trophy-tier Toronto submarket with average asking rent around C$82/sqft/yr · ≈ $60.7 PSF/yr USD.

TL;DR

  • Average asking rent: C$82/sqft/yr · ≈ $60.7 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: C$78/sqft/yr · ≈ $57.7 PSF/yr USD ($58 USD).
  • Citywide vacancy: 17.6% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

Financial Core averages around C$82/sqft/yr · ≈ $60.7 PSF/yr USD for Class A, against a citywide Class A index of 78. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

Bay Street and the PATH. Banking (Big Five), insurance, asset managers, law firms.

Key facts

cityToronto
submarketFinancial Core
tiertrophy
averageRentLocalC$82/sqft/yr · ≈ $60.7 PSF/yr USD
cityClassARentUsd$58/sqft/yr
cityVacancyPct17.6%

Frequently asked questions

What is the average Class A rent in Financial Core, Toronto?
Around C$82/sqft/yr · ≈ $60.7 PSF/yr USD. The citywide Class A index sits at C$78/sqft/yr · ≈ $57.7 PSF/yr USD.

Related

Editorial provenance

Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.

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