KingSett Lists Pair of Downtown Toronto Offices at 97% Leased
KingSett Capital is offering two downtown Toronto office towers for sale, either separately or together, through RBC Capital Markets Realty. The properties at 8 and 18 King St. E. total 395,000 square feet and have a combined 97% occupancy rate. KingSett has invested over $20 million in the buildings since 2014, and the listing comes as Toronto's office market shows recovery signs.
The listing may signal renewed investor interest in downtown Toronto offices, potentially affecting building owners, tenants, and nearby businesses. If the towers remain well leased, employees and local services could continue to benefit from steady foot traffic. A new owner might also pursue upgrades or lease changes, which could influence rental costs and tenant stability. Broader market recovery may depend on whether demand stays focused on higher-quality, well-occupied properties.