King East & Distillery (prime, ~C$55/sqft/yr · ≈ $40.7 PSF/yr USD) is one of 6 Toronto Class A submarkets we track.
King East & Distillery (prime, ~C$55/sqft/yr · ≈ $40.7 PSF/yr USD) is one of 6 Toronto Class A submarkets we track.
**Financial Core** (trophy, C$82/sqft/yr · ≈ $60.7 PSF/yr USD) — Bay Street and the PATH. **Midtown** (established, C$48/sqft/yr · ≈ $35.5 PSF/yr USD) — Yonge and Eglinton corridor. **South Core** (trophy, C$56/sqft/yr · ≈ $41.4 PSF/yr USD) — Lakeshore-adjacent post-2010 trophy spine. **King West / Liberty Village** (prime, C$42/sqft/yr · ≈ $31.1 PSF/yr USD) — Tech and creative-class loft belt. **East Bayfront / Port Lands** (established, C$40/sqft/yr · ≈ $29.6 PSF/yr USD) — Lakeshore creative district under master-plan delivery.
| city | Toronto |
|---|---|
| submarket | King East & Distillery |
| tier | prime |
| averageRentLocal | C$55/sqft/yr · ≈ $40.7 PSF/yr USD |
| cityClassARentUsd | $58/sqft/yr |
| cityVacancyPct | 17.6% |
Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.