A Toronto address in Canada is like having a New York address in the US — it shows a business has a strong presence in a prestigious area. Yonge Street, King Street, Bloor Street, and Four Seasons Place are requested most often, due to their location and reputation.
According to specialist local consultant, Monica Williams, the best area for your businesses really depends on what industry you’re in — mining and finance companies tend to populate the Financial District, while law firms are attracted to Downtown, and advertising agencies to Midtown.
Prices for serviced office space in the different areas of Toronto range from the following:
Financial Core $900 – 3,000 per person per month
Downtown $650 – 1,200 per person per month
Mid-Town $750 – 2,000 per person per month
North York $850 – 2,500 per person per month
These prices are inclusive of amenities, which can include Internet, parking, AV equipment, lounges, kitchen facilities, meeting rooms, reception services and IT support, among others.
While private executive suites are still a popular option, coworking is slowly starting to catch on.
Instant Offices offer a large variety of office types and sizes, and are able to accommodate most enquiries, depending on your needs. Serviced office providers can be flexible with the layout of the workspace, and can arrange partitioning to fit a particular requirement.
Why choose Toronto?
For companies looking to expand outside of the US, Canada is often the next option. Specifically, Toronto has one of the world’s largest stock exchanges, a booming market, and has been ranked as a Global Leader by the Global Financial Centres Index. It has also been selected as one of the world’s most liveable cities.
Toronto is home to a number of businesses from a diverse range of industries. With a competitive business climate, culture of innovation and well-educated workers, Toronto is the ideal location in which to expand or establish your business.
Five things you probably didn’t know about Toronto:
- Beneath the office towers of downtown PATH is a 29km network of pedestrian tunnels and home to the world’s largest underground shopping complex (four million square foot of space)
- According to the EIU Safe Cities Index 2015, Toronto is the safest city in North America
- North America’s third-largest movie production venue and home to the annual Toronto International Film Festival (TIFF) each September
- Almost 25% off all Canadians live within a 160km radius of Toronto
- Half of Toronto’s population was born outside of Canada