Mississauga, Canada, June 16, 2015 – Innovative Professional Offices (www.InnovativeProfessionalOffices.com), a top provider of executive offices and support services, is weighing in on the rising cost of office space in downtown Toronto.
JLL Canada, a financial services firm that specializes in commercial real estate services, recently announced that Toronto’s Bay Street has the most expensive office space for rent in Canada. (Source: McLean, S., “Bay Street still has Canada’s most expensive office space,” Property Biz Canada web site, December 9, 2014; http://renx.ca/bay-street-still-canadas-expensive-office-space/.)
“Bay Street may be a prestigious address to have for businesses, but with rent clocking in at $68.52 per square foot, renting an office in downtown Toronto is often out of the price range of many startups and SMBs,” says Eshai Hirshberg, director of Innovative Professional Offices.
Hirshberg notes that there has been an increase in office space rentals outside of downtown Toronto, specifically in Brampton, Mississauga, and Hamilton—areas in which rent is much more affordable. In Hamilton, for example, office space rents for an average of $27.17 per square foot. (Source: McLean, S., “Hamilton close to Toronto and poised for growth,” Property Biz Canada web site, May 20, 2015; http://renx.ca/hamilton-close-to-toronto-and-poised-for-growth/.)
“Unfortunately, rent in the GTA may even be out of reach for established companies—making a fully furnished short-term or full-service office space rental a viable, cost-saving alternative,” concludes Hirshberg. “Innovative Office Professionals has fully furnished executive office suites available for rent at an affordable rate in Ottawa, Mississauga, and the Peel Region, allowing small- and medium-sized businesses to convey a professional image to their clients, but at a fraction of the cost.”
For more information about Innovative Professional Offices and their fully furnished executive office suites for rent in Ottawa and Mississauga, visit http://www.InnovativeProfessionalOffices.com/.