Retail Space Rents in Toronto, ON
Rent costs for this type of commercial space depend on a variety of factors. The foremost of these is location, which will dictate how accessible a business is and how much foot traffic it gets. Other factors, such as space type and lease structure, also come into play. On average, retail space for lease in Toronto asks $30.48 per square foot.
Retail Space Lease Types in Toronto, ON
The most common type of lease agreement you’ll find here is Net, with 21 space(s) available under this type of arrangement.
The local market is also home to 18 retail space(s) offered under a NNN lease agreement type, and 8 Full Service listing(s).
Most Common Type of Lease for Retail Buildings in Toronto, ON
- Net
21
- NNN
18
- Full Service
8
Average Size of Retail Space for Lease in Toronto, ON
The average size for this type of rental opportunity in Toronto is 1,000 sqft to 2,500 sqft. Currently, the local market offers 58 listing(s) within that size range.
You can also search 34 listing(s) in the less than 1,000 sqft range.
It should be noted that spaces in this real estate category are generally specialized to cater to the needs of a particular business, so the average sizes of different retail space types can vary greatly.
Retail Space Types You Can Lease in Toronto, ON
Retail space in Toronto comes in all types, shapes, and sizes, so you have a good chance to find the right space for your business. The most common type here is listed as Street Retail and you can find 13 such space(s) available.
Street Retail spaces listed for rent here have an average size of 9,886 square feet. You’ll find street retail spaces are mostly located in urban and suburban areas that have high foot traffic. This type of space is often a great choice for smaller retailers that are looking for well-positioned points of sale.
The local market is also home to 6 space(s) listed as Restaurant. The average size you can expect to find for this category is 2,043 square feet. Retail space specialized for restaurants usually includes ample seating areas and enough room for the safe preparation of food. Restaurant spaces may be embedded in a larger mall or can be freestanding buildings.
What’s more, you can find 1 listing(s) in the Showroom - Industrial category, currently available in the average size of 5,607 square feet. The showroom is a particular retail space that is designed to showcase whatever it is that the occupying tenant has to offer. This type of space generally contains display cases or display spaces (for larger items), as well as storage. Retail showrooms for industrial tenants tend to be larger spaces.
However, besides these popular subtypes, the market has a lot to offer for entrepreneurs looking for the right space to promote their business and get their goods to customers.
Top Locations to Lease Retail Space in Toronto, ON
In general, the most successful retail businesses are located within relatively close proximity of each other, which leads to some neighborhoods becoming famous shopping destinations. Even in the case of suburban strip malls, the simple fact that so many different products can be purchased under the same roof can encourage customers to spend more.
Financial District is your top choice for lease opportunities, as it is currently home to the highest number of listings — 19 retail space(s).
Toronto’s second most popular area is Bay Street Corridor, where you can find 17 retail listing(s).
Yorkville is also among the best areas to search for your next commercial space. Here you can find 13 retail space(s) available for consideration by prospective tenants.
Key Factors to Consider When Choosing a Retail Space for Lease
When you’re looking to give your business a storefront, there are a lot of decisions to be made. The first choice is, of course, location. You’ll have to decide whether your business would operate better in the heart of the city or if it is more likely to thrive in a suburban setting.
Data based on retail spaces listed for rent on CommercialSearch.com
649 THE QUEENSWAY, The Queensway, TORONTO, ONProperty
325 Milner Avenue, Malvern, Toronto, ONProperty
2 Champagne Drive, York University Heights, Toronto, ON
570 Bloor Street West, Seaton Village, Toronto, ON
1502 Danforth Avenue, Greektown, Toronto, ON
2280 Lawrence Avenue East, Dorset Park, Toronto, ON
240 Eglinton Avenue East, Sherwood Park, Toronto, ON
509 509 Parliament Street, Cabbagetown, Toronto, ON
306 Eglinton Avenue West, North Toronto, Toronto, ON
127 Spadina Avenue, Entertainment District, Toronto, ON
214 King Street West, Entertainment District, Toronto, ONProperty