# Investment banking office space in Toronto

> Investment banking occupiers in Toronto typically cluster in Financial Core, plan ~215 sqft per seat at trophy fit-out ($270–410/sqft), and pay around 78 CAD/sqft ($58 USD) on Class A.

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

## TL;DR
- Preferred submarket: Financial Core.
- Typical fit-out spec: Trophy ($270–410/sqft).
- Plan ~215 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.

## Key facts
- **city**: Toronto
- **industry**: Investment banking
- **naics**: 523150, 522110
- **preferredSubmarket**: Financial Core
- **preferredFitoutSpec**: Trophy
- **fitoutBand**: $270–410/sqft
- **sqftPerSeat**: 215
- **classARentLocal**: 78 CAD/sqft/yr
- **classARentUsd**: $58/sqft/yr
- **vacancyPct**: 17.6%
- **typicalLeaseYears**: 10
- **typicalRentFreeMonths**: 18
- **talentIndex**: 80
- **corporateTaxPct**: 26.5%

## FAQ
### Where do investment banking occupiers lease office space in Toronto?
Most cluster in Financial Core. Rent runs ~78 CAD/sqft ($58 USD) for trophy and prime stock.

### What fit-out spec do investment banking occupiers run in Toronto?
Typically trophy at $270–410/sqft.

### How much office space per seat should a investment banking occupier plan in Toronto?
Plan ~215 sqft per seat blended. A 100-person team typically takes 21,500 sqft.

### What NAICS codes describe the investment banking vertical?
Representative NAICS 2022 codes: 523150, 522110.

### What is the talent index in Toronto?
80/100. Use the city profile for full detail.

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