Ossington Avenue Retail Booms Amid Unprecedented Demand

July 23, 2025

Toronto’s Ossington Avenue is experiencing a retail surge, establishing itself as one of the city’s most vibrant and sought-after shopping and dining corridors. Once dominated by auto garages, the stretch between Queen and Dundas Streets now pulses with independent retailers, stylish eateries, and lifestyle-driven businesses that reflect Toronto’s evolving urban identity.

“Ossington is on fire,” said Arlin Markowitz, Executive Vice President at CBRE, in an interview with Retail Insider. “There’s virtually no availability. I can’t think of another street in Toronto with such a low vacancy rate.”

A Growing Force in Canadian Retail

CBRE’s Urban Retail Team (URT) recently published its Summer 2025 report, underscoring Ossington Avenue’s ascent as a premier retail destination. With a walkable streetscape and a carefully cultivated mix of fashion, food, and beauty concepts, the area draws comparisons not to international strips, but to some of Toronto’s most charming shopping districts.

“There’s a certain cachet that’s grown around Ossington,” said Markowitz. “It started with a creative, artsy crowd and has evolved into a polished but still cool retail hub. It’s increasingly being talked about in the same breath as Yorkville Avenue or Hazelton, not in size but in terms of appeal.”

Destination Openings Add Momentum

Recent retail openings have further cemented Ossington’s desirability. Toronto-based fashion label Uncle Studios recently launched its first brick-and-mortar location at 46 Ossington, combining apparel with a built-in coffee shop. Across the street at 49 Ossington, Carhartt WIP, the fashion-forward arm of the heritage workwear brand, opened its first Toronto storefront. The lease was secured by Teddy Taggart of CBRE’s Urban Retail Team.

“Carhartt WIP could have opened anywhere,” said Markowitz. “They chose Ossington. That’s a huge compliment to Toronto and a testament to the street’s appeal.”

Also new to the strip is Central Taps, a Calgary-rooted dining concept at Argyle and Ossington serving elevated comfort food. The restaurant joins nightlife staples such as Bellwoods Brewery, Paris Paris, and Azhar Kitchen & Bar. The lease was arranged by the Urban Retail Team’s Jackson Turner and Alex Edmison on behalf of the tenant. Landlord The Pearl Group was represented by Markowitz, who advised on the listing side of the deal.

Also new to the strip is Central Taps, a Calgary-rooted dining concept at Argyle and Ossington serving elevated comfort food. The restaurant joins nightlife staples such as Bellwoods Brewery, Paris Paris, and Azhar Kitchen & Bar. The lease was negotiated by Jackson Turner and Alex Edmison of the Urban Retail Team on behalf of the tenant, while they and Markowitz acted for The Pearl Group as landlord for the marquee corner.

“Ossington has always been strong at night, but now the daytime foot traffic is building thanks to fashion and beauty concepts that operate around the clock,” said Markowitz.

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