Many companies are choosing to move their offices downtown and away from the suburbs. Lets discuss why this is happening and what are the advantages of the downtown location for customers, colleagues and employees.
In the past several years, a handful of North America’s largest corporations like Microsoft, Google, Yahoo and even McDonalds have joined the exodus from their suburban headquarters and campuses to new office space that is located downtown, and millennial’s seem to be the driving force.
Yes, many companies chose to accept the usually higher cost of downtown space opposed to what they are paying in the suburbs, because they help attract younger workers. These workers want the chance to walk to nearby amenities and areas with a sense of place, rather than a generic business park campus or driving to a nearby shopping mall. This is also because these same workers want to be close to the condos that they are buying downtown, to be near where the action is.
Along with eliminating the huge parking lots (workers can be encouraged to use public transit and bicycles) and reduce their carbon footprint, businesses want to do away with security gates and the sense of isolation that characterizes many corporate campuses. Happy and healthy employees are good for business and customers recognize genuine happiness.
Companies also move downtown offices because it puts them closer to customers and colleagues at other businesses. One of Telsec’s typical serviced office space clients bragged about how their accountant is just down the hall (in the same office business centre), their corporate attorneys are an elevator ride away and almost anybody they need to see is within walking distance. So being downtown, you get a lot of great conveniences and you eliminate a lot of windshield time. There’s a lot more efficiency downtown.
As the corporate world abandons the suburbs and migrates back downtown, chances are if you are in a B2B (Business to Business) industry, you customers are also located downtown. This means there is no need to commute to meeting by car and find parking, you can walk, take a taxi or uber to meet up a client’s office.
Even people who run their business from home or on the road can see the benefits of having a virtual office downtown. Not only do they get the appearance of a professional address and a live receptionist (who can also sign for courier packages) at a downtown location, they also can utilize meeting rooms and day offices at a reduced rate when they need to host a meeting with a downtown customer.
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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