Daniels on Parliament — Rental Market Data

At Daniels on Parliament, leasing velocity over the trailing 30-day window recorded 29 closed deals with an average days on market of 19 days, compared to 53 closed deals over the 90-day window with an average of 18 days on market, tracking favorably against the broader Downtown East submarket benchmark of 24 days. Closed lease counts expanded from 3 deals in May and 6 deals in June to 18 deals in July and 29 deals in August, demonstrating rapid initial occupancy absorption over the summer months.

At Daniels on Parliament, transactions closed at an average discount of $17 per month, or 0.75% below asking, saving tenants $204 per year and establishing tenant-favorable market leverage. Exactly 30.4% of leases closed under asking, reflecting minor tenant savings and landlord concessions for incoming occupants, while remaining transactions secured full asking terms.

Studio and 1-Bedroom units anchor the building's leasing volume, with studios averaging $1,681 per month over 22 days on market and 1-Bedrooms averaging $2,021 per month over 16 days on market. Studio units form a robust sample of 21 closed leases, posting a median rent of $1,650 per month, a P25-P75 range of $1,650 to $1,700 per month, an average size of 538 square feet, and $4.34 per square foot. 1-Bedroom units represent a robust sample of 18 closed leases, posting an average rent of $2,021 per month, a median rent of $2,000 per month, a P25-P75 range of $1,985 to $2,000 per month, an average size of 539 square feet, and $3.76 per square foot. 2-Bedroom units account for a robust sample of 17 closed leases, averaging $2,663 per month with a median of $2,600 per month, a P25-P75 range of $2,500 to $2,800 per month, an average size of 723 square feet, $3.71 per square foot, and 15 days on market.

At Daniels on Parliament, paired parking data was insufficient to isolate a distinct monthly premium, resulting in an inconclusive status for separate vehicle accommodation line items. Suite bundling patterns indicate that parking was largely unbundled or bundled into select larger floor plans without distinct standalone transaction values. Active asking parking rates similarly lacked reliable paired samples.

At Daniels on Parliament, average monthly rent tracked upward through the spring leasing kickoff before stabilizing as summer volume peaked. May recorded 3 closed deals at an average rent of $1,633 per month, an average rate of $4.08 per square foot, and 11 days on market. June registered 6 closed deals averaging $1,955 per month, $3.88 per square foot, and 16 days on market. July climbed to 18 closed deals averaging $2,153 per month, $3.94 per square foot, and 19 days on market. August closed out the summer with 29 deals averaging $2,123 per month, $3.98 per square foot, and 19 days on market.