# Toronto Class A office rents and incentives

> Headline Class A rent in Toronto is around C$78/sqft/yr · ≈ $57.7 PSF/yr USD, with 18 months of typical rent-free on a 10-year term.

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

## TL;DR
- Headline Class A rent: C$78/sqft/yr · ≈ $57.7 PSF/yr USD.
- Trophy submarket rents (Financial Core) push to roughly C$82/sqft/yr · ≈ $60.7 PSF/yr USD.
- Typical concessions on a 10-year deal: 18 months free rent.
- Vacancy stands at 17.6% — market trend is flat.
- Use effective rent (face minus PV of concessions), not headline, to compare deals.

## Key facts
- **city**: Toronto
- **country**: Canada
- **region**: Americas
- **classARentLocal**: C$78/sqft/yr · ≈ $57.7 PSF/yr USD
- **classARentUsd**: $58/sqft/yr
- **vacancy**: 17.6%
- **typicalLeaseYears**: 10
- **typicalRentFreeMonths**: 18
- **submarkets**: 6
- **primeYieldPct**: 5.5%
- **trophyRent**: C$82/sqft/yr · ≈ $60.7 PSF/yr USD
- **primeRent**: C$55/sqft/yr · ≈ $40.7 PSF/yr USD

## FAQ
### What is the average Class A rent in Toronto?
Around C$78/sqft/yr · ≈ $57.7 PSF/yr USD across the broader Class A index. Trophy submarkets like Financial Core command 20–40% above that.

### How many months of rent-free are normal in Toronto?
18 months on a 10-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

### Are rents rising or falling in Toronto?
The Toronto Class A market is currently flat. Vacancy is 17.6%, which sets the negotiating context.

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