Midtown is a established-tier Toronto submarket with average asking rent around C$48/sqft/yr · ≈ $35.5 PSF/yr USD.

  • Average asking rent: C$48/sqft/yr · ≈ $35.5 PSF/yr USD.
  • Tier: established.
  • Citywide Class A rent context: C$78/sqft/yr · ≈ $57.7 PSF/yr USD ($58 USD).
  • Citywide vacancy: 17.6% — submarket-level availability is typically tighter at established tier.

Midtown, Toronto office rents and availability

Midtown is a established-tier Toronto submarket with average asking rent around C$48/sqft/yr · ≈ $35.5 PSF/yr USD.

TL;DR

  • Average asking rent: C$48/sqft/yr · ≈ $35.5 PSF/yr USD.
  • Tier: established.
  • Citywide Class A rent context: C$78/sqft/yr · ≈ $57.7 PSF/yr USD ($58 USD).
  • Citywide vacancy: 17.6% — submarket-level availability is typically tighter at established tier.

Where rent sits

Midtown averages around C$48/sqft/yr · ≈ $35.5 PSF/yr USD for Class A, against a citywide Class A index of 78. As an established / value submarket, rent runs at or below city average with deeper availability.

Availability dynamics

Yonge and Eglinton corridor. Insurance back-office, technology, professional services satellites.

Key facts

cityToronto
submarketMidtown
tierestablished
averageRentLocalC$48/sqft/yr · ≈ $35.5 PSF/yr USD
cityClassARentUsd$58/sqft/yr
cityVacancyPct17.6%

Frequently asked questions

What is the average Class A rent in Midtown, Toronto?
Around C$48/sqft/yr · ≈ $35.5 PSF/yr USD. The citywide Class A index sits at C$78/sqft/yr · ≈ $57.7 PSF/yr USD.

Related

Editorial provenance

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

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