Office Cost Calculator

Office costs — common questions

How much does office space cost in Markham and the GTA?

In 2026, gross (all-in) asking rents run about $34/sq ft/yr in Markham & Richmond Hill, $36 in Mississauga, and $40–58 in Toronto. Budgeting ~175 sq ft per person, a 3-person team typically pays $18,000–30,000/yr in rent alone — before internet, furniture, insurance and cleaning.

What costs does the calculator include?

The traditional side includes gross rent (net rent plus TMI/operating costs), per-head overhead like internet and insurance, and furniture/fit-out amortized over five years. The virtual side is your Markham Office plan plus any meeting-room hours beyond the free hour each month, at the $25/hr member rate.

Is a virtual office cheaper than renting?

For most small teams, yes — by a wide margin. A virtual office gives you a professional Class-A Markham address, mail handling and on-demand meeting rooms without a multi-year lease, TMI, or buildout. You only pay for space when you actually need it.

Can I use a virtual office address to register my business?

Yes. A Markham Office virtual office address can be used as your registered business address with the CRA and Ontario authorities — a common reason small businesses and newcomers choose one over a home address or a lease.