AI and machine learning occupiers in Toronto typically cluster in King East & Distillery, plan ~150 sqft per seat at high-end fit-out ($185–270/sqft), and pay around 78 CAD/sqft ($58 USD) on Class A.
AI and machine learning occupiers in Toronto typically cluster in King East & Distillery, plan ~150 sqft per seat at high-end fit-out">fit-out ($185–270/sqft), and pay around 78 CAD/sqft ($58 USD) on Class A.
AI and machine learning occupiers in Toronto typically anchor in King East & Distillery. Tech, creative agencies, advertising, design.
Class A rent in Toronto runs 78 CAD/sqft ($58 USD) on a 10-year lease with 18 months free. Prime submarkets sit at or modestly above the city index.
Typical ai and machine learning fit-out targets high-end specification at $185–270/sqft. Branded reception, full client-facing programming, premium furniture, and specialist AV are standard.
Plan around 150 sqft per seat blended (workstation + circulation + amenity). A 100-headcount ai office in Toronto typically targets 15,000 sqft of leasable area.
Frontier research talent clusters near top-tier ML programs and adjacent compute / GPU supply; loft-style trophy stock is the normal fit. Deepest financial-services and tech talent pool in Canada. Average all-in compensation indexes 80.
Headline corporate tax: 26.5%. Net leases — tenant pays a base rent plus a proportional share of operating expenses, realty taxes, and utilities (TMI). Rent-free of 12-24 months on a 10-year term is current market. Bank guarantees common for non-investment-grade covenants.
| city | Toronto |
|---|---|
| industry | AI and machine learning |
| naics | 541715, 541511, 518210 |
| preferredSubmarket | King East & Distillery |
| preferredFitoutSpec | High-end |
| fitoutBand | $185–270/sqft |
| sqftPerSeat | 150 |
| classARentLocal | 78 CAD/sqft/yr |
| classARentUsd | $58/sqft/yr |
| vacancyPct | 17.6% |
| typicalLeaseYears | 10 |
| typicalRentFreeMonths | 18 |
| talentIndex | 80 |
| corporateTaxPct | 26.5% |
Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.