News
Bay Street Still No. 1
Bay Street—at $73.54/SF—is No. 1 on the list of most expensive streets in Canada when it comes to office rents in 2013, according to the third annual Jones Lang LaSalle report. (Meaning it's also No. 1 for worst places to realize you forgot your wallet.) Vancouver’s Burrard Street came in second at $65.91/SF. Third was 2nd Street SW in Calgary, at $59.72. JLL president Brett Miller says as the market continues to strengthen, companies are willing to pay higher rental rates to be in prestigious locations. The most expensive streets fall into financial, retail, or government hubs that are highly prominent. Bay Street was No. 1 in 2012 as well.
