Toronto Retail Market Tightens, Rents Surge

0:00Toronto's retail market just hit a record low for available space, dropping to 6.22% across 14 key shopping corridors in the fourth quarter of 2025. That's the tightest it's ever been since tracking started, with three straight quarters of shrinking supply. Leasing stayed hot, with 24 new deals totaling more than 41,000 square feet. Food and beverage spots grabbed the biggest slice, while entertainment venues like interactive game spots moved into prime areas on streets such as Queen Street West. Experts point to steady demand from strong foot traffic, record tourism with over 28 million visitors last year, and more people back in, offices midweek. Even with softer consumer spending ahead, these basics keep the market buzzing. Rents climbed to an average of $94.24 per square foot, with top spots charging way more. Teen shortages mean fierce competition, especially where building projects limit options. Looking ahead, expect a squeeze to define Toronto's retail into 2026, backed by the city's

1:03growing population and urban vibe. That's the story for today. Toronto News Today, Driven by AI