Startup tech occupiers in Toronto typically cluster in King East & Distillery, plan ~130 sqft per seat at mid fit-out ($125–180/sqft), and pay around 78 CAD/sqft ($58 USD) on Class A.

• Preferred submarket: King East & Distillery.
• Typical fit-out spec: Mid ($125–180/sqft).
• Plan ~130 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.

TL;DR

• Preferred submarket: King East & Distillery.
• Typical fit-out spec: Mid ($125–180/sqft).
• Plan ~130 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.

Where they cluster

Startup tech occupiers in Toronto typically anchor in King East & Distillery. Tech, creative agencies, advertising, design.

What they pay

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.

Spec and fit-out

Typical startup tech fit-out targets mid specification at $125–180/sqft. Functional Cat-B with branded reception and standard meeting-room mix is standard.

Headcount sizing

Plan around 130 sqft per seat blended (workstation + circulation + amenity). A 100-headcount startups office in Toronto typically targets 13,000 sqft of leasable area.

Talent angle

Series B–D scale-ups prioritize flexibility and signature loft stock to attract engineering talent away from incumbents. Deepest financial-services and tech talent pool in Canada. Average all-in compensation indexes 80.

Tax and lease context

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.

Key facts

Frequently asked questions

Where do startup tech occupiers lease office space in Toronto?

Most cluster in King East & Distillery. Rent runs ~78 CAD/sqft ($58 USD) for trophy and prime stock.

What fit-out spec do startup tech occupiers run in Toronto?

Typically mid at $125–180/sqft.

How much office space per seat should a startup tech occupier plan in Toronto?

Plan ~130 sqft per seat blended. A 100-person team typically takes 13,000 sqft.

What NAICS codes describe the startup tech vertical?

Representative NAICS 2022 codes: 541511, 541512, 518210.

What is the talent index in Toronto?

80/100. Use the city profile for full detail.

Related

• Startup tech — global overview
• Toronto — full city profile
• Financial services in Toronto
• Asset management in Toronto
• Investment banking in Toronto
• Legal services in Toronto

Editorial provenance

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

Primary sources for this page

• CBRE Marketview reports — CBRE
• JLL Office Insight — JLL
• Cushman & Wakefield Marketbeat — Cushman & Wakefield
• Savills World Research — Savills
• Colliers Global Office Outlook — Colliers

Full sources index · Submit a correction

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