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Offices in Downtown West Toronto shift to capture tech‑finance demand

Recent leasing points to a pivot to new occupiers
Online payment processor Stripe recently leased 223,000 square feet at Portland Commons, a newly built office building at 530 Front Street. (CoStar)
Online payment processor Stripe recently leased 223,000 square feet at Portland Commons, a newly built office building at 530 Front Street. (CoStar)
CoStar Analytics
February 23, 2026 | 1:06 P.M.

Before the pandemic, Toronto's Downtown West office submarket was widely considered a main technology and creative tenant hub for the area, with demand for space largely driven by startups, digital media firms and other innovation‑led occupiers seeking flexible layouts that can boost collaboration. That's been changing.

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