Internet search and advertising giant Google is cutting back its sprawling offices located outside Toronto in the 905 area, consolidating in Toronto’s downtown core and opening new head offices within easy reach of downtown condos. The reason for this move is to facilitate the ability to find young talent and to retain employees who have purchased or are looking to purchase condominiums in the downtown core.
Companies today are increasingly accepting the higher downtown core rents in exchange for the value of more centrally located downtown Toronto office space where they can draw from the pool of young, highly educated workers moving into newly built condos that are rising in the city’s centre. The fact is that young people aren’t happy with the long commute to and from the suburbs. These young professionals want to live and work downtown because it’s an exciting and vibrant place. Many want to be car-free and be able to take transit or bicycle to work.
The growth in the condo market has been booming in the city for the last decade or so, but has only been mega-booming for the last five or six years. With more and more young Canadians giving up on the dream of a four-bedroom house in the suburbs and instead staying in the city’s core, companies who had previously moved out of the core are returning, looking for downtown Toronto office space themselves. Some of the larger companies who have made the move to downtown Toronto office space are Deliotte, Coca-Cola and now Google – but many other small and medium-sized companies are also now competing for that same office space for rent Toronto.
Then there are the downtown fringe areas where some companies are moving operations to that are still close to downtown. Areas like the Port Lands to the east where Corus Entertainment has consolidated its employees; the Rail Lands where telecommunications company Telus has centralized its workforce; and Liberty Village where satellite radio company Sirus XM has its headquarters. These are all areas that are being developed by both commercial and condo developers to allow people to live near their office space Toronto.
1. Jennifer Smith
General Manager
The Omni King Edward Hotel
37 King Street East
Toronto, ON
M5C 1E9
Tel: 416-863-9700
Website: www.omnihotels.com/hotels/toronto-king-edward
2. Mark Perry
General Manager
Executive Hotels and Resorts (Boutique)
8 Colborne Street
Toronto, ON
M5E 1E1
Tel: 416-350-2419
Website: www.spazen.ca or www.cosmotoronto.com
3. Emeline Boul
General Manager
Hotel Victoria (Boutique)
56 Yonge Street
Toronto, ON
M5E 1G5
Tel: 416-363-1666
Mobile: 647-574-5832
Website: www.hotelvictoriatoronto.com
4. Omkar Sawant
Reservations Manager
One King West Hotel
1 King Street West
Toronto, ON
M5H 1A1
Main: 416-548-8100
Reservations: 1-866-470-5464
Website: www.onekingwest.com
5. Van Nguyen
General Manager
Cambridge Suites Toronto
15 Richmond Street East
Toronto, ON
M5C 1N2
Direct: 416-601-3757
Hotel: 416-368-1990
Website: www.cambridgesuitestoronto.com
1. Michael Pagliaro
Carisma (Italian)
15 Toronto Street
Toronto, ON
M5C 2E3
Tel: 416-864-7373
Website: www.carismarestaurant.com
2. Patti Shaw
Terroni (Italian)
57 Adelaide Street East
Toronto, ON
M5C 1K6
Tel: 416-203-3093
Website: www.terroni.com
3. Declan
Restaurant 20 Victoria – Michelin guide approved
20 Victoria Street
Toronto, ON
M5C 2A1
Tel: 416-804-6066
Instagram for reservations: https://www.instagram.com/twentyvictoria/
4. Mana
Nami (Japanese)
55 Adelaide Street East
Toronto, ON
M5C 1K6
Tel: 416-362-7373
Website: www.namirestaurant.ca
5. Restaurant Lucie
100 Yonge Street
Toronto, ON
M5C 2W1
Tel: 416-788-9054
Website: www.restaurantlucie.com
6. Niam H
Cantina Mercatto
20 Wellington Street East
Toronto, ON
M5E 1C5
Tel: 416-304-0781
Website: www.cantinamercatto.ca
7. Siva Sathasivam
Uncle Tony’s
38 Wellington St E
Toronto, ON
M5E 1C7
Tel: 416-455-6650
Website: https://uncletonys.ca/
8. Pizzaiolo
104 Yonge Street
Toronto, ON
M5C 2Y6
Tel: 416-860-0700
Website: www.pizzaiolo.ca
9. Robin Singh
Woods Restaurant and Bar
45 Colborne Street
Toronto, ON
M5E 1E3
Tel: 416-214-9918
Website: www.woodsrestaurant.ca
1. Thom Tullo
Morpheus8 by Inmode
47 Colborne Street
Toronto, ON
M5E 1E3
Tel: 416-863-6564
Website: www.amanspa.ca
2. Altitude Athletic Training
56 Colborne Street
Toronto, ON
M5E 1E3
Tel: 416-366-3838
Website: www.altitudeathletictraining.com
3. Physioheath Studios
33 Victoria Street, #130
Toronto, ON
M5C 2A1
Tel: 416-368-2525
Website: www.physiohealth.com
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