For the fifth consecutive year, Canada's financial capital is home to the most expensive rents for offices. The average cost of renting on Toronto's Bay Street is $68.19 per square foot, a slight decrease from last year, but still enough to top the ranking from real estate firm JLL Canada. (Each city's most expensive street is used in the ranking.) Calgary's 8th Avenue SW slipped three spots down the list as Albertan energy firms struggle with ongoing weakness in oil prices.
Most expensive streets for office space by city
|Rank||City||Street||Average gross rent on street*|
|5||Calgary||8th Avenue SW||$45.60|
|7||Halifax||Upper Water Street||$36.76|
|9||Quebec City||Laurier Boulevard||$28.76|
Source: JLL Canada
*Per square foot
Editor's note: The ranking includes each city's priciest street for renting office space, rather than all streets. This story has been updated to include a clarification.