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Mississauga Office Space Guide

A guide to serviced offices and office space for rent in Mississauga as well as general information that may be useful if you are considering renting office space in Mississauga.

For further Mississauga office space information or to search office space to rent in Mississauga click. Or contact us for any office space search query.

History & Geography

Located on the shores of the giant Lake Ontario, Mississauga is one of the largest and most important suburbs of Toronto. Bordered by the suburbs of Brampton to the north and Milton to the south, the city lies west of the Etobicoke Creek near where the Credit River flows into Lake Ontario. The area was originally inhabited by the Iroquois and Algonquin tribes and was discovered by European explorers in the 18th century. On August 2nd, 1805 Toronto Township was formed in the area that would later become Mississauga. After the British bought the land from the Mississauga Tribe the area was settled mostly by loyalist refugees from the 13 colonies. By 1847 the Mississauga tribe had been largely displaced by the settlers and were resettled in a reservation near what is Hagersville today. Because of the many railway lines which ran through the area the town prospered and continued to expand. Fresh infrastructure was built in the area and a police force and mail service established. The 1920s saw many houses being built along the shores of Lake Ontario, directed at holiday-makers. In 1935 the Queen Elizabeth Way highway was opened in the area, which further contributed to the proliferation of the automobile and also resulted in more infrastructure. In 1968 the towns of Lakeview, Cooksville, Lorne Park, Clarkson, Erindale, Sheridan, Dixie, Malton, and Meadowvale Village were combined to form Mississauga. At the time the decision was controversial, however it’s proponents believed a larger city would have more political influence. In 1979 the city was the site of a rail accident involving a train carrying propane and chlorine. Mississauga was completely evacuated, then the largest peacetime evacuation in North American history. Later the town was made safe and the residents returned. Today Mississauga is the country’s sixth most populous municipality and is the fourth largest suburb in North America.

Economy

Mississauga has one of the strongest economies of any Canadian city. It is a diversified economy the main strengths of which are pharmaceuticals, banking and finance, electronics, computers, transportation and equipment manufacturing. Financial services are a bulwark of the city’s economy. Among the outfits which have a presence in Mississauga are Royal Bank of Canada, Citibank, and TD Bank Financial. Microsoft Canada has its headquarters in Mississauga and there are a host of other IT companies also based in the city. Of late the city has also become something of a hub for regional airways. Air Georgian, Air Canada Jazz, and Kam Air all have their headquarters in Mississauga. Additionally, Walmart Canada and Target Canada also have their headquarters in the city. Currently, the city has a population of almost 800,00, making it larger than the nearby cities of Detroit, Milwaukee and Cleveland. In the last few decades, the city’s population has increased rapidly due to an influx of immigrants. Over 40 percent of the city’s population speaks a language other than English and the median age of the city is 35 years old, resulting in a large working population.

Tourism & Culture

Neither Mississauga or its larger neighbour Toronto has a sizable tourism industry, especially compared to other Canadian cities such as Vancouver or Montreal. However, Mississauga does have a number of attractions and a vibrant and lively cultural scene. Recently the ‘My Mississauga’ project was initiated, which is a series of summer festivals hosted in the city’s civic square. Some of the notable celebrations were on Canada Day, Beachfest and Rotary Ribfest. Another of the city’s celebrations that is notable is the Carrasauga festival, which celebrates and honours the diverse makeup of the city. Included in the festival is Mosaic, one of the largest South Asian arts festivals in the world. Up to 50,000 people come to the festival, which is held over three days. The city is also home to one of the largest shopping malls in the country, the Square One Centre. The Square One Centre is surrounded by a host of bars and restaurants and is near to the City Hall and the Central Library. The mall is over 1.6 million square feet in size and has more than 360 stores. Residents of Mississauga are also ardent ice hockey fans and many follow the city’s team, the Mississauga Steelheads.

Transportation

Mississauga is served by the Lester B. Pearson International Airport which is located in the suburb of Malton, in the northeast of the city. AirCanada and WestJet are the main carriers out of the airport, which is one of the busiest in the country, serving almost 30 million passengers annually. The city itself also has a comprehensive public transportation system called MiWay. This mainly consists of a comprehensive bus service. Many residents of the city cycle to work and Mississauga recently approved a plan to develop over 500 miles of new bicycle routes. The city also has several taxi companies and flagging a taxi is generally easy in Mississauga.

Office space to rent in Mississauga

There are more than 60 Fortune 500 companies with a presence in Mississauga and the city has become a favoured business destination in the last few decades. It is close to highways and Pearson Airport as well as a strong labour pool of educated workers. Currently, the average rent for Class A office space downtown is CAD 15 per square foot. The vacancy rate is approximately 13 percent, a level which has remained unchanged in the last year. Currently, it is a renters market in the city and landlords jockey to give incentives to tenants. There are currently at least eight new office projects under construction, though vacancy rates are still expected to slowly but steadily go down in the coming years.

 

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The Office Providers are Regulated by the Royal Institution of Chartered Surveyors (RICS)

The Office Providers are Regulated by the RICS

Mississauga has a vast selection of business travel accommodation options and we have partnered with Booking.com to bring you all of these in one place.

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