Galleria on the Park - Galleria 02 — Rental Market Data

Galleria on the Park – Galleria 02's all-time average realized lease rent of $2,593 per month runs $240 above the four-building comp benchmark of $2,353, with the spread driven primarily by its larger average suite footprint rather than a rate premium. The three active competitors break down as follows: Galleria on the Park – Galleria 01 at 1285 Dupont St (0.07 km, 19 closed leases) averaged $2,646 per month at $3.60 per square foot over 758 square feet; Galleria on the Park at 1245 Dupont Street (0.07 km, 2 closed leases) averaged $2,025 per month at $4.05 per square foot over 525 square feet; and Galleria 3 at 1185 Dupont Street (0.2 km, 142 closed leases) averaged $2,389 per month at $3.79 per square foot over 648 square feet. Iron Works Lofts at 99 Chandos Ave (0.35 km) recorded zero lease transactions over the trailing 180 days and therefore carries no realized rent benchmark for comparison.

Galleria on the Park – Galleria 02 leases at $3.72 per square foot over an average 703 square feet, placing it below the comp-set rate of $3.81 per square foot while delivering more interior space than two of the three active peers. Against Galleria on the Park – Galleria 01, the subject trades at a $0.12 per square foot (3.3 percent) premium but provides 55 fewer interior square feet, so the $53-per-month lower nominal rent reflects the smaller footprint rather than a rate concession. Versus Galleria on the Park at 1245 Dupont Street, the subject trades at a $0.33 per square foot (8.1 percent) discount while providing 178 more interior square feet; the $568-per-month higher nominal rent is entirely a function of the larger suite, not a per-square-foot markup. Compared with Galleria 3, the subject offers a $0.07 per square foot (1.8 percent) discount and 55 more interior square feet, meaning the $204-per-month higher monthly rent again stems from additional living area rather than a rate premium. In every active comparison, the subject's nominal rent variance is footprint-driven, and its per-square-foot rate consistently sits at or below the competing buildings.

Galleria on the Park – Galleria 02 fields a 19-item amenity suite that includes an outdoor pool, dance studio, childcare center, cabanas, multi-use sports court, and community centre, giving it a broader lifestyle package than any single competitor in the immediate set. The dance studio, childcare center, and community centre are features absent from Galleria on the Park – Galleria 01, Galleria on the Park at 1245 Dupont Street, and Galleria 3 alike, while the subject's outdoor pool and cabanas match only Galleria on the Park (1245) and Galleria 3 in aquatic and resort-style offerings. Galleria 3 differentiates with a spin studio, woodworking room, dog run, and pet wash station that the subject does not carry, and Galleria on the Park (1245) adds a wine cellar, meditation room, and hobby room not found in the subject's program. The subject's combination of childcare, dance instruction, and a dedicated community centre most directly serves young families and active professionals in the Dovercourt pocket who prioritize on-site child supervision, movement programming, and social gathering space over the niche hobby or pet-focused amenities offered by adjacent towers.