The Toronto Region Board of Trade has announced that it is scheduled to relocate to the 100 Queens Quay East office tower, the construction of which has been in progress since late 2017.
Deemed as a Class “AAA” building, the 25-storey 100 Queens Quay East will offer approximately 690,000 square feet of office space. It is the first phase in the 4.6-million sq. ft. “Sugar Wharf” mixed-use community by Menkes Developments Ltd.
The Board, along with its World Trade Centre Toronto services arm, will occupy approximately 90,000 sq. ft. of the tower’s space. The move is slated for completion by 2022.
“We believe in global connectivity. We believe in finding future-focused opportunities and ideas for our Members, partners and all levels of government. We believe in raising our collective voice,” Board president and CEO Jan De Silva said.
“We want our new, iconic trade, business and corporate event hub - in the energized, new waterfront business district with its thought leaders and innovators - to drive the Toronto region’s momentum.”
Among Canada’s leading commercial property markets, Toronto has been hailed for taking the lead in introducing expansive, next-generation office structures, all tailored to the technology needs of high-demand, high-volume industries.
“Toronto has the lowest downtown office vacancy rate in North America, which creates significant challenges for companies that are growing and innovating. In working with Menkes and the Toronto Region Board of Trade, we see creative real estate solutions come to life and add momentum to Toronto’s newest innovation hub,” CBRE associate vice president Cathy Bongard said.