Allied Properties and RioCan REIT Share Leasing Progress for The Well
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 18 2025
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Leasing Update: Allied Properties REIT and RioCan REIT announced a new lease agreement for 124,235 square feet of office space at The Well in Toronto, with a term ending May 31, 2037, and exclusive rooftop signage rights.
Decline in Sublease Space: The office space available for sublease at The Well has decreased to 10% due to this lease and other leasing activities, contributing to the area's transformation into a core office hub in downtown Toronto.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
