Commercial Rent in Toronto: Quoted Per Square Foot, Not Square Inch

There is no such metric as "per square inch" rent in Toronto or anywhere in Canada. Commercial real estate (retail, office, industrial) is quoted in:

• Per square foot (psf) – most common
• Per square meter (psm) – sometimes used

Typical 2024 net asking rates (downtown Toronto):

• Office: $35–$65 psf
• Retail: $50–$150+ psf (highly location-dependent)
• Industrial: $15–$25 psf

Always clarify gross vs. net, and what's included (CAM, taxes, utilities).