One of the world's premiere cities for businesses to operate in is Toronto, and thanks to a recent approval of the Toronto City Council, more companies will be able to come to the GTA.
The Toronto City Council approved the request of real estate development company Build Toronto to bring a new office building to 4050 Yonge Street.
According to the real estate firm, the structure will be seven stories tall and will comprise approximately 480,800 square feet of space, most of which will be devoted to offices. However, a portion of the construction project will be built to furnish restaurants and retails stores.
J. Lorne, Braithwaite, president and CEO of Build Toronto, said he's eager to get the project going.
"We are excited to move forward on our first commercial office development," said Braithwaite. "We have already received a positive response in the marketplace and will continue our efforts on marketing this spectacular building for the right tenant."
Construction is expected to begin in 2012 and be available for rent in 2015.
In the meantime, if space is hard to come by, Jiffy Self Storage also offers office spaces. Each unit is wired with internet access, enabling business operations to flow seamlessly.