According to a U.S. consulting firm that did a study to find what cities have the highest office space rates, they that the Toronto and GTA (Greater Toronto Area) is fast becoming Canada’s most expensive place to operate corporate headquarters. Like most major Canadian cities, Toronto faces a shortage in Class A commercial office space. The vacancy rate in downtown Toronto is only 4.5% compared to 8% national average. This should change as there is a good deal of new office towers under construction.

Many years ago, large North American companies had their Canadian corporate headquarters in Montreal office space, but moved them to Toronto. Now, Toronto office space for lease is getting out of reach in terms of cost and availability for new firms looking for corporate headquarters. Large companies are not looking to move their headquarters away from Toronto, but some other cities and communities are still looking for ways to woo them away or at least attract the corporations that are considering Toronto as a location for their corporate headquarters.

While Toronto is also very affordable by global standards, Toronto office space is still quite high-priced by North American standards. Yet, large multinationals that would have to choose between New York, Toyko, London or Toronto, would find that Toronto office space is the best deal for them. With a high Canadian dollar, and incentives being offered by cities south of the border, some companies (even Canadian companies) are starting to look into cashing in on these incentives. Some of the attempts have worked and have successfully attracted Direct Energy and Hot Brands to move their headquarters to the USA.

One benefit of having a downtown Toronto office space is that with the increasing number of condo developments in the city core, companies are finding that a lot of their workforce is looking to live and work downtown. Many downtown dwellers are also choosing to give up their cars and SUV’s in favor of bicycles, public transit and the occasional car rental. This has increased the membership in care services like Zip cars and Auto Share. The newest car service to come to Toronto is Car2Go – you may have seen them parading their fleet of Smart Cars around the city this summer.

Another trend for large businesses that want a presence in Toronto (while only having minimal office space and less overhead) is to open an office in a Toronto office business centre like those offered at Telsec Business Centres Inc. and other Alliance Business Centres around the world. The company can maintain a downtown Toronto office space for rent at a business center for a few employees for a fraction of what it would cost them to have a traditional office space. They simply have office space Toronto for executives and sales staff who deal face-to-face with clients and customers in Toronto, while all the administrative functions and administrative staff remain at the head office.

Our Amenities

We are by far the most experienced and best coworking team in the market – established in 1980

We are the highest Tech centre in the market

We have a very modern, high quality, brand new facility located at:

18 King Street East, Suite 1400

Toronto, Ontario M5C 1C4 Canada

- 18 King Street East is a boutique Class A building – East of Yonge: easy street parking, less traffic, excellent restaurants and lovely parks – St. James Park @ Church & King and Berczy Park @ Wellington East, Scott and Front Streets – Very high energy and engaging area
- A few steps (a few seconds) to the Yonge Street subway/underground PATH network and streetcar available outside building
- Building is located in Toronto's vibrant financial district
- Plenty of parking available in the area including street parking and reserved parking in the 18 King building
- Adjacent to the building huge outdoor food courtyard - Beer Bistro www.beerbistro.com and Craft Beer Market www.craftbeermamrket.ca restaurants and bars with onsite catering services
- Onsite amenities: Tim Horton's, Beer Bistro, Convenience store and Starbucks across the street
- Nearby amenities: underground PATH network, numerous restaurants, banking, Starbucks plus a wide array of nearby shops and services
- New modernized office layout fully furnished with meeting spaces and training rooms plus café lounge area
- We are leaders in the service of training/meeting rooms with full conference facilities, high quality hot and cold catering
- Largest training room and conference facilities accommodate up to 60 people classroom style
- Ultra-high-speed - 1 GIG pipe = 1,000 x 1000 fiber-optic network, which will deliver internet connection speeds faster than most North American services
- Private shower room
- Indoor Reserved Parking at the current building rental rate
- Bicycle parking
- Rent a space to accommodate your team for meetings, training sessions, corporate events or coworking space or flexible office space for one day, one week, one month or one year, or whatever term suits your business
- Telsec has over 650 locations in 40 different countries worldwide available for their clients. Office clients receive up to 8 hours of meeting space per month at no charge at any ABCN member location. Plus, Office and Virtual Office clients may rent a space from any member location at special member rates which varies depending on the location
- King Edward Hotel is located across the street - recently completed a $40 million renovation and boutique hotels close by within walking distance

Dining and entertainment at high quality restaurants only minutes away – Carisma, Terroni, Woods Restaurant & Bar and Michelin Rated - Restaurant 20 Victoria. Plus numerous lunch and takeout eateries nearby

Please check out our 70 second video on our home page or click here:

Take a look at our facilities www.telsec.net

Telsec will Customize Your Client’s Office(s) Layout to Meet Their Requirements.

You are welcome to drop-in any-time, a quick call would be appreciated to ensure our availability Vanessa 416-574-1112 or Josie 416-606-4349 or e-mail josie@telsec.net.

Greater Toronto Area is Fast Becoming Canada’s Most Expensive Place to Operate Corporate Headquarters

Looking to Learn More?

Letter From Camp sent to Office Space Toronto

Telsec’s Office Space Toronto may be featured in a new Movie

Greater Toronto Area is Fast Becoming Canada’s Most Expensive Place to Operate Corporate Headquarters

Looking to Learn More?

Letter From Camp sent to Office Space Toronto

Telsec’s Office Space Toronto may be featured in a new Movie

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Our Amenities