{
  "url": "https://classa.info/cities/toronto/industries/insurance",
  "title": "Insurance office space in Toronto",
  "description": "Where insurance occupiers cluster in Toronto, what they pay, and what the typical fit-out looks like.",
  "oneSentenceAnswer": "Insurance occupiers in Toronto typically cluster in King East & Distillery, plan ~220 sqft per seat at high-end fit-out ($185–270/sqft), and pay around 78 CAD/sqft ($58 USD) on Class A.",
  "tldr": [
    "Preferred submarket: King East & Distillery.",
    "Typical fit-out spec: High-end ($185–270/sqft).",
    "Plan ~220 sqft per seat for headcount sizing.",
    "Class A rent context: 78 CAD/sqft ($58 USD).",
    "Typical lease: 10 years with 18 months rent-free.",
    "Talent depth in Toronto: 80/100."
  ],
  "keyFacts": {
    "city": "Toronto",
    "industry": "Insurance",
    "naics": "524, 5241",
    "preferredSubmarket": "King East & Distillery",
    "preferredFitoutSpec": "High-end",
    "fitoutBand": "$185–270/sqft",
    "sqftPerSeat": 220,
    "classARentLocal": "78 CAD/sqft/yr",
    "classARentUsd": "$58/sqft/yr",
    "vacancyPct": "17.6%",
    "typicalLeaseYears": 10,
    "typicalRentFreeMonths": 18,
    "talentIndex": 80,
    "corporateTaxPct": "26.5%"
  },
  "faqs": [
    {
      "question": "Where do insurance occupiers lease office space in Toronto?",
      "answer": "Most cluster in King East & Distillery. Rent runs ~78 CAD/sqft ($58 USD) for trophy and prime stock."
    },
    {
      "question": "What fit-out spec do insurance occupiers run in Toronto?",
      "answer": "Typically high-end at $185–270/sqft."
    },
    {
      "question": "How much office space per seat should a insurance occupier plan in Toronto?",
      "answer": "Plan ~220 sqft per seat blended. A 100-person team typically takes 22,000 sqft."
    },
    {
      "question": "What NAICS codes describe the insurance vertical?",
      "answer": "Representative NAICS 2022 codes: 524, 5241."
    },
    {
      "question": "What is the talent index in Toronto?",
      "answer": "80/100. Use the city profile for full detail."
    }
  ],
  "pageType": "city-industry",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/toronto/industries/insurance), updated 2026-04-15T00:00:00.000Z."
}