When it comes to location, restauranteurs in Toronto have a whole lot of options. From the vibrant downtown core to the trendy west and east ends and beyond, narrowing down your list of neighbourhoods can be a challenge. While the ideal spot for your eatery will depend on many factors, there are a few areas that truly have it all.
If you’re looking for the perfect restaurant space, here are five places where you might want to consider starting your search…
1) St Lawrence Market
Without a doubt, St Lawrence Market is one of the best places in the city to open a restaurant. The advantages are numerous—from heavy foot traffic to a high concentration of condo and apartment dwellers. The location is pretty much unbeatable (the area is in close proximity to Union Station, the Financial District, and nearby sports venues), and the beautiful architecture is ideal for those who want to create just the right ambiance—as well as an unforgettable menu!
2) Etobicoke
Are you looking for an area where the dollars you spend on a restaurant space can go further? Does the idea of contributing to a rapidly-growing food scene excite you? If so, consider Etobicoke. Opening an eatery outside of the city’s core definitely has its benefits, and the right real estate agent can help you discover them. If you’re not convinced, just look at some of the area’s recent success stories. From Mimico’s tich (where you’ll find truly inspired Indian cuisine) to Rustic Social House (an innovative gastrobar in the Humber Bay Shore district), the culinary scene in Etobicoke is alive and well.
3) The Danforth
The Danforth isn’t just a place to go for incredible Greek food. This ever-changing neighbourhood is home to a culinary scene that draws inspiration from around the globe, which makes it ideal for restauranteurs of all stripes. Opening up shop here comes with a host of advantages, accessibility chief among them. There are several local stops along the Bloor-Danforth subway line, and there tends to be more parking here than you’ll find in many central Toronto neighbourhoods. You’ll likely also pay less per-square-foot than you would in, say, Bloor Yorkville.
4) Financial District
The Financial District is known as a stomping ground for the business elite. Its population swells during weekdays, when professionals commute into the area for the 9-to-5 grind. For restauranteurs, that means big potential lunchtime crowds—with plenty of money to spend. Not only that, but if the crop of new eateries in the Financial District is any indication, the preferences of diners in the area are getting more and more diverse. In other words, if you think you need to open a steakhouse to make your mark here, think again.
5) Kensington Market
Densely-packed Kensington Market is known for its open-mindedness, so it’s no surprise that so many different types of eateries find success in the area. Global cuisines—from Chilean to Mexican and Jamaican to Chinese—sit side-by-side, as do vegan hole-in-the-wall restaurants and gluten-free bakeries. The foot traffic is incredible, and patrons are always in the mood to try something new. Is it any wonder that this one-of-a-kind district is a favourite for aspiring restauranteurs?
Ready to find your ideal restaurant space? Get in touch to find the perfect place for your eatery—and start carving out your niche today!
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