Downtown or the suburbs? Weighing the options as office markets recover

by Wallace Immen

Tangerine has opened a new downtown office space at 100 Yonge St., featuring the company’s colour scheme and logos on both floors of the 22,000-square-foot space.

Tangerine Bank felt the suburban location of its Toronto headquarters at Steeles Avenue East near Highway 404 might be affecting its ability to bring staff back to the office after the pandemic and stay on top of the curve in the digital banking market.

“In speaking with employees, we regularly heard that people who live downtown wanted an opportunity to work downtown,” says Natalie Jones, chief marketing officer of Tangerine Bank. Employees also wanted more options to commute by transit rather than having to drive.

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