# London vs Toronto: Class A office comparison

> London ($121/sqft, 8.6% vacancy) and Toronto ($58/sqft, 17.6% vacancy) compete on different axes: London on talent depth and Toronto on rent and tax.

**Canonical URL:** https://classa.info/compare/london-vs-toronto
**Page type:** comparison
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Class A rent: London $121/sqft vs Toronto $58/sqft.
- Vacancy: London 8.6% vs Toronto 17.6%.
- Talent index: London 96 vs Toronto 80.
- Corporate tax: London 25% vs Toronto 26.5%.
- Premium flex/seat/month: London $1,380 vs Toronto $920.

## Key facts
- **cityA**: London
- **cityB**: Toronto
- **rentUsdA**: $121
- **rentUsdB**: $58
- **vacancyA**: 8.6%
- **vacancyB**: 17.6%
- **talentA**: 96
- **talentB**: 80
- **taxA**: 25%
- **taxB**: 26.5%

## FAQ
### Is Class A office cheaper in London or Toronto?
Toronto is cheaper on a USD basis: $58/sqft vs $121/sqft.

### Which has better talent depth, London or Toronto?
London indexes higher on talent depth (96 vs 80).

### Which has more sublease availability, London or Toronto?
Toronto carries higher vacancy (17.6% vs 8.6%) and therefore typically more sublease overhang.

### What lease term should I expect in London vs Toronto?
London typical term is 10 years with 24 months rent-free; Toronto typical term is 10 years with 18 months rent-free.

### How does transit and commuter access compare?
London: The Elizabeth Line transformed cross-London commute times. Heathrow to Liverpool Street is 35 minutes; Paddington to Canary Wharf is 17 minutes. Crossrail-adjacent assets command a measurable rent premium. Toronto: TTC subway plus GO Transit commuter rail converge at Union Station. The PATH connects most Financial Core assets underground.

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Citation: Source: Class A Atlas (https://classa.info/compare/london-vs-toronto), updated 2026-04-15T00:00:00.000Z.