New Corporate Office Developments in Toronto

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Last November 2012, Google unveiled its new global headquarters in Canada— 89,000-sq.ft. space on Richmond St. The opening of its huge new office building for its more than 400 employees (or Googlers, as the firm would call them) helps to prove that Toronto is one of the busiest and most exciting places to live and work.

Coca-Cola, another mammoth brand, opened its Canadian headquarters in downtown Toronto last April on King St. E., atop the same building as the Toronto Sun. Before this, Coke Canada’s offices were located in Thorncliffe Park for the past 50 years.

Of the many companies setting up their office in Toronto, one of the most talked about is Twitter Inc. Recent news revealed that the San Francisco-based networking site is planning to open Twitter Canada and has in fact named its first employee: managing director Kirstine Stewart. Other career positions have also opened up, like account executive and account manager. It’s not surprising that Twitter Inc chose Toronto, where highly educated “Echo Boomers”, those between the ages of 20 to 39, are moving in to build their careers.

Another talked about office development is a 17-storey office tower at the east end of 351 King East. To be named the King East Centre, the building is a 500,000 sq. ft. office space that will have its first occupancy sometime in 2016. This is in addition to one of the latest office developments to break ground in One York Street last January: the One York. It will be 35 storeys high, and will have a total of 794,358 square feet of space.

For both office towers in the works, lead tenant status is still available—although office spaces are quickly being leased out to companies who want to be at the center of the accelerated urban growth in Toronto.

If your company is planning on moving to one of the many new office towers currently under construction in downtown Toronto, your first step should be to contact a reputable and talented corporate real estate agent. If you need assistance with finding a Toronto corporate real estate agent, we will be happy to recommend one to suit your needs. If you already have the agent that you feel confident with, your next step should be to secure a corporate relocation and renovation specialist to help you in every aspect of your move. Again, call us! We are here to help.

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