The average amount landlords ask for rent is 1.5 times the average amount tenants are currently paying. 1 bedroom: $1,614 vs $1,132 (43 per cent higher) 2 bedroom: $2,252 vs $1,326 (70 per cent higher) All units: $1,829 vs $1,240 (47 per cent higher) The average office lease rate was also up in Q3 2018 to $15.20, representing an 8.2 per cent increase from Q3 2017. The average commercial/retail lease rate in Q3 2018 was up substantially compared to Q3 2017. Much of this large increase was due to a number of higher end lease transactions reported in the City of Toronto. Invest smarter with the help of industry-leading commercial real estate market research for Canada covering office, industrial, retail and more. Cookies This website uses cookies to remember site preferences.