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province office rent data

Ontario office rent index.

30 quarterly observations show the change in net effective rent for occupied sampled office buildings.

Latest Ontario office rent change

The price index uses 2019=100. It is a relative measure, not a dollars-per-square-foot asking rent.

Latest index113.9
Annual change+2.6%
Quarterly change+0.1%
Since 2019 base+13.9%

Quarterly office rent trend

From Q1 2019 at 99.5 to Q2 2026 at 113.9.

Q1 2019 to Q2 2026 · Scale 97.0 to 116.0 · 2019=100

Complete quarterly history

Every non-null observation returned for this geography by the source table.

QuarterOffice rent indexDifference from 2019 base
Q2 2026113.9+13.9%
Q1 2026113.8+13.8%
Q4 2025112.5+12.5%
Q3 2025111.9+11.9%
Q2 2025111.0+11.0%
Q1 2025110.3+10.3%
Q4 2024109.7+9.7%
Q3 2024109.2+9.2%
Q2 2024108.9+8.9%
Q1 2024108.0+8.0%
Q4 2023107.9+7.9%
Q3 2023108.1+8.1%
Q2 2023107.6+7.6%
Q1 2023107.0+7.0%
Q4 2022106.8+6.8%
Q3 2022107.1+7.1%
Q2 2022107.2+7.2%
Q1 2022105.6+5.6%
Q4 2021104.8+4.8%
Q3 2021104.3+4.3%
Q2 2021103.7+3.7%
Q1 2021103.3+3.3%
Q4 2020102.0+2.0%
Q3 2020101.2+1.2%
Q2 2020100.8+0.8%
Q1 2020100.4+0.4%
Q4 2019100.7+0.7%
Q3 2019100.4+0.4%
Q2 201999.4-0.6%
Q1 201999.5-0.5%
Updated 2026-09-12
Fast answerThe Ontario office rent price index was 113.9 in Q2 2026. That is +2.6% from the same quarter one year earlier and +0.1% from the preceding quarter.

How the series should be compared

Compare like periods and keep the 2019=100 base visible. Quarter-over-quarter movement shows the newest change; year-over-year movement reduces seasonal comparison problems; the full history shows the longer direction.

Why this is not asking rent

The index measures change in net effective rent for occupied sampled space. Public asking rates can reflect a different group of buildings, conditions and incentives, while available-space lists can change daily.

How to use it in an office decision

Use the series to frame budgeting and renewal questions. Then normalize current proposal rent, additional rent, parking, utilities, incentives, tenant capital and restoration for the actual premises and term.

What still needs verification

Verify current availability, measurement, permitted use, building systems, operating costs, lease rights and all transaction documents. The index does not prove that any building is available or suitable.

Canada office rent indexOccupancy cost calculatorOffice lease cost guide

Evidence boundary: office availability and quoted economics change. Confirm current premises, authority, area, costs, permitted use and documents for the specific transaction. Read the methodology.

Statistics Canada · 18-10-0260-01 · Q2 2026

This index measures change over time in net effective rent for occupied sampled office space. It is not an asking-rent survey, vacancy measure, dollars-per-square-foot benchmark, appraisal or evidence that a specific property is available.

Open source table ↗ · Methodology ↗

Adapted from Statistics Canada, Commercial rents services price index, Table 18-10-0260-01, 2026-Q2. This does not constitute an endorsement by Statistics Canada of this product.

Ontario office rent questions

Answers based on the published price index and its evidence boundary.

What does the Ontario office rent index measure?

It measures change in net effective rent for occupied sampled office buildings in Ontario. It does not publish average asking rent per square foot.

How much did the Ontario office rent index change in the latest year?

The index was 113.9 in Q2 2026, a +2.6% change from the same quarter one year earlier.

Can I use this index to set rent for a Ontario office?

Use it as price-direction context only. A specific office requires current comparable leases, building and suite adjustments, operating costs, incentives and transaction review.