---
title: "Midtown, Toronto office rents and availability"
description: "Asking rents and Class A availability in the Midtown submarket of Toronto."
canonical: https://classa.info/cities/toronto/midtown-toronto/topics/rents-and-availability
pageType: nb-topic
lastUpdated: 2026-04-15T00:00:00.000Z
license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)."
---

> 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.

# 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](/glossary/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

| city | Toronto|
| submarket | Midtown|
| tier | established|
| averageRentLocal | C$48/sqft/yr · ≈ $35.5 PSF/yr USD|
| cityClassARentUsd | $58/sqft/yr|
| cityVacancyPct | 17.6%|

## 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

- [**Midtown — submarket overview**](/cities/toronto/midtown-toronto)
- [**Toronto — full city profile**](/cities/toronto)
- [**Toronto submarkets — all**](/cities/toronto/neighborhoods-overview)
- [**Midtown — Tenants**](/cities/toronto/midtown-toronto/topics/tenant-profile)
- [**Midtown — Transit**](/cities/toronto/midtown-toronto/topics/transit-and-commute)
- [**Midtown — Amenity**](/cities/toronto/midtown-toronto/topics/amenity-and-lifestyle)
- [**Midtown — Buildings**](/cities/toronto/midtown-toronto/topics/trophy-and-comparables)

## Editorial provenance

Reviewed by [**Miriam Hollander**](/about/authors/miriam-hollander) — Lead market analyst. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards).

### Primary sources for this page

- [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE
- [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL
- [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield
- [Savills World Research](https://www.savills.com/research_articles/) — Savills
- [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers

[Full sources index](/about/sources) · [Submit a correction](/about/corrections)

## Related topics

- [**Class A Lease Negotiation**](/topics/class-a-lease-negotiation) — How to negotiate a Class A office lease — the playbook from LOI to signed deal.
- [**Hybrid Workplace Strategy**](/topics/hybrid-workplace-strategy) — How to size, structure, and lease a Class A office for a hybrid workforce.
- [**ESG / LEED for Tenants**](/topics/esg-leed-tenants) — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease.
- [**Cross-border Expansion**](/topics/cross-border-expansion) — How to run a coordinated Class A office search across multiple geographies.
- [**Fit-out Capex**](/topics/fit-out-capex) — How to budget, sequence, and govern Class A office [fit-out](/topics/fit-out-capex)">fit-out capex.
- [**Lease vs Flex**](/topics/lease-vs-flex) — When premium flex (coworking, [managed office](/glossary/managed-office)) beats a conventional Class A lease — and vice versa.

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