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Downtown Toronto LEED Report
1. The number of LEED® registered and certified commercial office buildings in LEED® Certified Buildings
Toronto’s downtown core continues to increase in size and in scope.
Floor Space 4,154,376 sq. ft.
According to the CaGBC, a total of five commercial office towers in Toronto’s
downtown have achieved LEED® certification. These buildings include Oxford Available Space 529,569 sq. ft.
Properties’ MetroCentre-King Street Tower , Northam Realty Advisors’ Bell
Trinity Square, Cadillac Fairview’s Simcoe Place, Brookfield Properties’ Bay- Availability Rate 12.75%
Adelaide Centre, and Cadillac Fairview’s high-rise building at 77 King Street
West. Furthermore, a number of other commercial office buildings in the Average Additional $26.05 psf
downtown core have been built to LEED® certifications. Rent
The five LEED® certified commercial office towers in Toronto’s downtown core
comprise a total floor space of approximately 4,154,376 sq. ft. As of June 1st,
2010, the five structures had 529,569 sq. ft. of space available for lease, LEED® Certified Additional Rent
representing an availability rate of 12.75%. Building (psf)
For Q1 2010, downtown Toronto’s class “AAA” buildings had 2,180,813 sq. ft. MetroCentre-
of space available for lease while class “A” buildings had 2,483,138 sq. ft. of $26.54
King Street Tower
space available for lease. Availability rates for downtown Toronto “AAA” and
“A” office space were 17.1% and 10.4%, respectively.1 Bell Trinity Square
$19.64
A complete breakdown of downtown Toronto’s LEED® certified commercial
towers is provided below. Furthermore, a number of Toronto’s LEED®
Simcoe Place
registered buildings are also included. $23.80
Bay-Adelaide Centre
$27.93
Oxford Properties’ MetroCentre-King Street Tower is a class ‘A’ two-tower
office complex located at 225 King Street West. The Tower has a total floor
space of 316,055 sq. ft. MetroCentre achieved LEED® EB Silver certification in TD Centre - 77 King
May 2008. The tower was the first multi-tenant LEED® certified building in Street West $31.65
Canada.
As of June 1st, 2010, the Tower had no space available for lease.
MetroCentre’s additional rental rates are as follows:
Realty Tax: $14.81 psf Anchor Tenants:
Utilities: $0.00 psf Sun Life of Canada
Operating Costs: $11.73 psf Hewitt Associates
Total Additional Rent: $26.54 psf Scotia iTrade
Year Built: 1991
Northam Realty’s Bell Trinity Square is a 15-storey building located at 483 Bay Street. Bell Trinity Square has a gross
leasable area (GLA) of 943,630 sq. ft. The building gained LEED® certification in March 2009.
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2. As of June 1st, 2010, the building had no space available for lease. BTS’s additional rental rates are as follows:
Realty Tax: $10.08 psf Anchor Tenants:
Utilities: $0.76 psf Bell Canada
Operating Costs: $8.77 psf Hydro One Networks
Total Additional Rent: $19.61 psf Fidelity Investments Canada
Year Built: 1983
Cadillac Fairview’s Simcoe Place is a 30-storey tower located at 200 Front Street West. The class ‘A’ office building has a
total rentable area of 758,528 sq. ft. Simcoe Place was awarded LEED® Gold certification for Existing Buildings in the
Operations and Maintenance category in April 2010.
As of June 1st, 2010, Simcoe Place had 19,994 sq. ft. of floor space available for lease. Additional rental rates are as follows:
Realty Tax: $12.30 psf Anchor Tenants:
Utilities: $1.35 psf Bank of America Canada
Operating Costs: $10.15 psf Buena Vista (Canada) Inc.
Total Additional Rent: $23.80 psf Workplace Safety & Ins. Board
Year Built: 1995
Brookfield Properties’ Bay Adelaide Centre is a class ‘AAA’ office building located at 333 Bay Street. Completed in June
2009, the Centre is a 51-storey office tower with a total rentable area of 1,160,000 sq. ft. The building gained LEED® Core
and Shell Gold certification in May 2010.
As of June 1st, 2010, the Centre had 282,146 sq. ft. of space available for lease. Additional rental rates are as follows:
Realty Tax: $16.28 psf Anchor Tenants:
Utilities: $1.20 psf KPMG
Operating Costs: $10.45 psf Goodmans LLP
Total Additional Rent: $27.93 psf Fasken Martineau LLP
Year Built: 2009
Downtown Toronto’s most recent LEED® certified building is Cadillac Fairview’s 46-storey office tower located at 77 King
Street West. One of six buildings comprising the Toronto-Dominion Centre, the class ‘A’ building has a total rentable area
of 976,163 sq. ft. The Centre recently achieved LEED® EB Gold certification in the Operations and Maintenance category.
As of June 1st, 2010, the Centre had 227,429 sq. ft. of space available for lease. Additional rental rates are as follows:
Realty Tax: $17.05 psf Anchor Tenants:
Utilities: $1.30 psf TD
Operating Costs: $13.30 psf PricewaterhouseCoopers
Total Additional Rent: $31.65 psf
Year Built: 1969
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3. A number of other commercial office buildings in downtown Toronto are currently pursuing LEED® certification. As of June
1st, 2010, the following building’s are also targeting LEED® certification:
Menkes’ Telus Tower is a 30-storey office tower located at 25 York Street. The Tower has a total rentable area of 780,000 sq.
ft. The building is targeting LEED® Gold certification.
As of June 1st, 2010, the Tower had 105,265 sq. ft. of space available for lease. The Tower’s additional rental rates are as
follows:
Realty Tax: $15.50 psf Anchor Tenants:
Utilities: $1.15 psf Telus
Operating Costs: $7.85 psf Kinross Gold Corporation
Total Additional Rent: $24.50 psf ACE Canada
Year Built: 2009
Cadillac Fairview’s RBC Centre is a 43-storey tower located at 155 Wellington St. West. The Centre has a total floor space of
1.2 million sq. ft. The building was designed to achieve LEED® Silver certification. According to Cadillac Fairview, seventy-
five percent of the Centre has been leased. The Centre’s additional rental rates are as follows:
Realty Tax: $15.85 psf Anchor Tenants:
Utilities: $0.97 psf RBC
Operating Costs: $8.15 psf Fairmont Raffles Hotel
Total Additional Rent: $24.97 psf Buck Consultants
Year Built: 2009
Oxford Properties’ Royal Bank Plaza - South Tower is a 40-storey office building located at 200 Bay Street. The South
Tower has a total area of 976,844 sq. ft. The building is targeting LEED® Gold certification.
As of June 1st, 2010, the Tower had 98,831 sq. ft. of space available for lease. The Tower’s additional rental rates are as
follows:
Realty Tax: $18.22 psf Anchor Tenants:
Utilities: $1.35 psf Royal Bank
Operating Costs: $13.80 psf Ogilvy Renault
Total Additional Rent: $33.37 psf Vale Inco
Year Built: 1979
Oxford Properties’ Royal Bank Plaza - North Tower is a 26-storey high rise building located at 200 Bay Street. The Tower
has a total area of 410,105 sq. ft. The building is targeting LEED® Gold certification.
As of June 1st, 2010, the Tower had 37,024 sq. ft. of space available for lease. The Tower’s additional rental rates are as
follows:
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4. Realty Tax: $18.22 psf Anchor Tenants:
Utilities: $1.35 psf Royal Bank
Operating Costs: $13.80 psf Vale Inco
Total Additional Rent: $33.37 psf OMERS Public Markets
Year Built:1976
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1 Colliers International, “GTA Office Market Statistics - Q1 2010”, (March, 2010).
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