Montreal-based real estate tech company Breather has announced two new leases for a collective 10,200 square feet of private working space in the city of Toronto. Breather will be acquiring the building at 495 Adelaide in Toronto’s Fashion District, as well as additional space at 425 Adelaide in the city’s Entertainment District.
“We’re setting up companies and their employees to do their best work.”
Breather will offer two private office suites at both buildings, which can be combined or rented as two separate offices, which Breather says will offer tenants the flexibility to scale the space according to their growth. The spaces will be available by the month or year and will be ready for occupation in Q2 of this year.
“With the lowest rental vacancy rates in the country and a booming startup economy, when it comes to office space, the options available to Toronto-based businesses are limited,” claimed Jenny Hahn, Breather’s director of real estate. “Breather’s space-as-a-service model helps landlords optimize usage of their space to deliver flexible, modern, purpose-built offices that support smart business growth.”
The new spaces were designed in partnership with behavioural scientist, Anja Jamrozik. Each space includes quiet zones, primary workspaces, sound-proof meeting and call rooms, and eco-inspired design elements like natural textures, patterns, and colours.
“Research shows that the marginal cost savings of working in dense environments like co-working spaces are quickly erased by decreased employee productivity, attendance and a general lack of focus, pointing to the importance of real estate decisions to startup success,” said Jamrozik. “By designing an environment for comfort, mood, and collaboration, rather than for density, we’re setting up companies and their employees to do their best work.”
Breather aims to help tenants to find, book, pay for, and access private spaces in 10 markets around the world, including meeting and private office space with a month-to-month commitment, through a digital booking and access platform. In October, Breather launched Breather Offices, an expansion of its flexible space offering specifically designed for companies looking for occupancy periods of a month or more.
Breather operates over 500 spaces in 10 cities around the world, with 65 spaces across Toronto, Montreal, and Ottawa. The newest leases follow Breather’s $60 million CAD funding round from June 2018, as well as the appointment of former eBay executive Bryan Murphy as Breather’s new CEO. The transactions for the Toronto leases were concluded late last year.
Image courtesy Breather