Family Office Briefing on research bySavills·Oct 24, 2025

Toronto Q3 2025 Office Market Report

Toronto office market strengthened with 2.6 million square feet leased in Q3 2025 — family offices should consider co-GP opportunities with operators focused on trophy assets.

OfficeQ3 2025

Key Metrics

Metric	Value	Change / Context
Leasing Activity	2.6million square feet	+1.5 million square feet year over year
CBD Average Asking Rent	61.73$/square foot	+0.4% year over year
Non-CBD Average Asking Rent	37.41$/square foot	+3.4% year over year
CBD Availability Rate	15.1%	-260 basis points year over year
Non-CBD Availability Rate	17.8%	-10 basis points year over year
Available Sublease Space	5.2million square feet	-1.9 million square feet year over year

Metrics extracted from the source report and independently fact-checked. Method →

Full report

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