Technology firms continues to be attracted to Toronto, making it the fastest-growing North American city for the sector.
CBRE says that Toronto has jumped from 12th to 6th in its ranking of 50 North American cities based on the ability of tech firms to attract and grow talent.
“Tech companies now comprise over 20% of all current office space demand in the city,” commented Werner Dietl, Executive Vice President and GTA Regional Managing Director of CBRE Canada. “Even if you remove the effect of a discounted Canadian versus US dollar, Toronto still remains one of the most cost effective markets in North America for tech firms to operate from.”
Toronto is ranked as one of the best-value markets for tech firms to operate their business when it comes to cost and quality of talent, second only to Vancouver.
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