Market Data as of August 31, 2026
Millennium I — Rental Market Data
Last Lease
1-BedroomBuilding Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Millennium I at 1000 The Esplanade N in Pickering is a 252-suite residential building developed by Tridel and completed in 2000. As of August 31, 2026, the tower is fully occupied with zero units currently listed for rent, representing a 0 percent availability rate. Recent leasing activity shows one closed lease in the trailing 30 days at an average of $2,500 per month and two closed leases over the past 90 days averaging $2,675 per month, with average days on market of 18 and 14 respectively.
With no active asking rents to benchmark, the building's realized lease data provides the clearest pricing signal. The all-time average closed lease sits at $2,750 per month across an average footprint of 917 square feet, translating to $3.05 per square foot. That rate per square foot trades 2.4 percent below the Pickering submarket's average realized lease rate of $3.33 per square foot, while the nominal monthly rent runs above the submarket average closed lease of $2,404 per month, a gap explained by the building's larger-than-average suite footprints relative to the submarket implied asking size of approximately 710 square feet.
Marketing friction at Millennium I is minimal on the leasing side, with closed-lease days on market of 18 in the trailing 30 days and 14 over 90 days, both comfortably below the Pickering submarket average of 26 days. Negotiation data across all three tracked closed transactions shows landlords achieved an average premium of $17 per month, or 0.6 percent above asking, indicating a landlord-favorable leasing environment. Renter options are effectively zero at this address; prospective tenants should monitor the broader Pickering submarket, which currently carries 23 active listings, and revisit Millennium I should a unit become available.
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Last Realized Lease
Transaction metrics for the most recently leased suite
Recent Leased Transactions & Contract Prices
Recent lease transactions, absorption velocity, and the difference between landlord asking prices and actual prices agreed to by tenants at Millennium I (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at Millennium I last month, and how fast did they rent?
Millennium I at 1000 The Esplanade N in Pickering recorded a 30-day average DOM of 18 days and a 90-day average DOM of 14 days, both well under the submarket benchmark of 26 days. Only one lease closed in the trailing 30 days, two in the trailing 90 days, and three across the full tracked lifetime. Leasing turnover at this 252-suite Tridel property is effectively paused, with roughly one transaction per month and no acceleration signal across any window.
What is the negotiation spread between asking rents and closed lease prices at Millennium I?
Millennium I tenants paid an average premium of $17 per month (0.6% above asking) across all three tracked leases, generating an estimated $204 per year in additional rental revenue for the landlord. Every recorded transaction settled at or above the listed asking price, confirming landlord pricing leverage in a market where the building's 252-suite inventory faces minimal competing supply. This is a landlord-favorable negotiation environment, not a tenant discount scenario.
What are typical executed lease prices across different layouts at Millennium I?
The 2-Bedroom layout dominates Millennium I's lease volume with two closings at an average of $2,875 per month and an 8-day DOM, while the 1-Bedroom tier recorded a single closing at $2,500 per month with an 18-day DOM. The 2-Bedroom sample (two leases) is a limited directional indicator only, not a broad statistical benchmark. Average rent sits at $2,875 with a median of $2,875, a P25–P75 range of $2,862 to $2,888, an average footprint of 1,000 square feet at $2.90 per square foot, and an 8-day DOM. The 1-Bedroom figure of $2,500 per month represents an individual single transaction at 750 square feet and $3.33 per square foot with an 18-day DOM, and should not be read as a market-wide benchmark.
What measurable rent premium did suites with parking achieve in closed leases at Millennium I?
Millennium I's realized leased parking premium cannot be isolated from the available data, as paired lease-and-parking records are insufficient to compute a reliable figure. No verified parking surcharge is attached to the three tracked leases, and active asking parking rates are likewise unavailable due to zero current listings. Treat any parking value at this address as inconclusive until additional paired transactions close.
How does the lease-to-listing ratio at Millennium I reflect current tenant demand?
Millennium I's nominal rents declined from $2,900 in May 2026 to $2,500 by August 2026, yet the rate per square foot climbed from $2.64 to $3.33 over the same span. This inversion confirms that the nominal drop reflects compact suite footprints rather than any devaluation of the property. May closed one deal at $2,900 per month, $2.64 per square foot, and a 6-day DOM. July closed one deal at $2,850 per month, $3.17 per square foot, and a 9-day DOM. August closed one deal at $2,500 per month, $3.33 per square foot, and an 18-day DOM. The rising per-square-foot rate alongside falling nominal rent is a footprint effect, not a pricing correction.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/SF), and days on market over time. Use filters below to benchmark specific layouts.
| Date | Units Available | Avg Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-05-08 | 1 | 2900 | 1100 | 2.64 | N/A |
| 2026-05-09 | 1 | 2900 | 1100 | 2.64 | 1 |
| 2026-05-10 | 1 | 2900 | 1100 | 2.64 | 2 |
| 2026-05-11 | 1 | 2900 | 1100 | 2.64 | 3 |
| 2026-05-12 | 1 | 2900 | 1100 | 2.64 | 4 |
| 2026-05-13 | 1 | 2900 | 1100 | 2.64 | 5 |
| 2026-07-01 | 1 | 2800 | 900 | 3.11 | N/A |
| 2026-07-02 | 1 | 2800 | 900 | 3.11 | 1 |
| 2026-07-03 | 1 | 2800 | 900 | 3.11 | 2 |
| 2026-07-04 | 1 | 2800 | 900 | 3.11 | 3 |
| 2026-07-05 | 1 | 2800 | 900 | 3.11 | 4 |
| 2026-07-06 | 1 | 2800 | 900 | 3.11 | 5 |
| 2026-07-07 | 1 | 2800 | 900 | 3.11 | 6 |
| 2026-07-08 | 1 | 2800 | 900 | 3.11 | 7 |
| 2026-07-09 | 1 | 2800 | 900 | 3.11 | 8 |
| 2026-08-06 | 1 | 2500 | 750 | 3.33 | N/A |
| 2026-08-07 | 1 | 2500 | 750 | 3.33 | 1 |
| 2026-08-08 | 1 | 2500 | 750 | 3.33 | 2 |
| 2026-08-09 | 1 | 2500 | 750 | 3.33 | 3 |
| 2026-08-10 | 1 | 2500 | 750 | 3.33 | 4 |
| 2026-08-11 | 1 | 2500 | 750 | 3.33 | 5 |
| 2026-08-12 | 1 | 2500 | 750 | 3.33 | 6 |
| 2026-08-13 | 1 | 2500 | 750 | 3.33 | 7 |
| 2026-08-14 | 1 | 2500 | 750 | 3.33 | 8 |
| 2026-08-15 | 1 | 2500 | 750 | 3.33 | 9 |
| 2026-08-16 | 1 | 2500 | 750 | 3.33 | 10 |
| 2026-08-17 | 1 | 2500 | 750 | 3.33 | 11 |
| 2026-08-18 | 1 | 2500 | 750 | 3.33 | 12 |
| 2026-08-19 | 1 | 2500 | 750 | 3.33 | 13 |
| 2026-08-20 | 1 | 2500 | 750 | 3.33 | 14 |
| 2026-08-21 | 1 | 2500 | 750 | 3.33 | 15 |
| 2026-08-22 | 1 | 2500 | 750 | 3.33 | 16 |
| 2026-08-23 | 1 | 2500 | 750 | 3.33 | 17 |
12-Month Market Dynamics & Trend Trajectory
Millennium I's lifetime average lease rent of $2,750 per month sits $346 (14.4%) above the Pickering submarket average of $2,404, while its realized rate of $3.05 per square foot trades 2.4% below the submarket leased benchmark of $3.33 per square foot. The building commands a meaningful nominal rent premium over local peers, yet its per-square-foot pricing is modestly discounted, indicating that the larger average footprint of 917 square feet drives the higher headline rent rather than a true rate premium. Pricing discipline at Millennium I skews firmly in the landlord's favour. All three tracked leases closed at or above asking, with an average premium of $17 per month (0.6%) translating to roughly $204 per year in incremental rental revenue per unit. No tenant negotiated a discount below the listed price, and the 100% at-or-above-asking close rate signals that landlords at this 252-suite property retain full pricing leverage in a submarket with only 23 active competing listings.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-05-10 | 1 | 2900 | 1100 | 2.64 | 6 |
| 2026-05-17 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-24 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-31 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-07 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-14 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-21 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-28 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-05 | 1 | 2850 | 900 | 3.17 | 9 |
| 2026-07-12 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-19 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-26 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-02 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-09 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-16 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-23 | 1 | 2500 | 750 | 3.33 | 18 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Millennium I at 1000 The Esplanade N sits within a tight competitive cluster in Pickering, flanked by three registered comparables within 250 metres. Liberty at Discovery Place (1200 The Esplanade N, 0.06 km, built in 2005) recorded two closed leases over the trailing 180 days, and Discovery Place I (1890 Valley Farm Rd, 0.25 km, built in 1990) logged one closed lease in the same window. Universal City East (1010 Sandy Beach Rd, 0.25 km, completing in 2026) is the volume leader with 80 closed leases, reflecting its new-build absorption cycle. Discovery Place II (1880 Valley Farm Rd, 0.19 km, built in 1991) recorded zero closed leases over the past 180 days and functions purely as an architectural and amenity reference rather than an active pricing benchmark. The peer set therefore spans three distinct construction eras: the early-1990s Discovery Place towers, the 2000–2005 Millennium and Liberty generation, and the 2026 Universal City East delivery. The overall comp benchmark across all three registered comparables averages $2,573 per month in realized rent, $3.00 per square foot, and 868 square feet of interior space. Millennium I's all-time leased average of $2,750 per month and 917 square feet places the subject above the comp set on both nominal rent and total footprint, while its $3.05 per square foot rate sits marginally above the $3.00 comp average. Against the broader Pickering submarket, where the average lease rent is $2,404 per month and the average rate is $3.33 per square foot, Millennium I trades at a 14.5% rent premium but a 2.4% discount on the per-square-foot metric, a spread driven entirely by its larger-than-average suite size rather than a rate premium.
Comparable Analysis & Questions
How do rental rates at Millennium I compare to neighbouring buildings within Pickering?
Millennium I's all-time average realized lease rent of $2,750 per month exceeds the overall comp benchmark of $2,573 per month by $177, positioning the subject above the immediate peer set on nominal pricing. Liberty at Discovery Place (1200 The Esplanade N, 0.06 km) closed two leases averaging $2,900 per month at $3.05 per square foot across 950 square feet, meaning the subject trades at a lower monthly rent—$150 less than Liberty's realized average. Discovery Place I (1890 Valley Farm Rd, 0.25 km) recorded one closed lease at $2,600 per month, $2.74 per square foot, and 950 square feet; the subject commands a higher monthly rent of $150 above that single transaction. Universal City East (1010 Sandy Beach Rd, 0.25 km) closed 80 leases averaging $2,220 per month at $3.21 per square foot across 704 square feet, so the subject's rent is $530 higher than this new-build peer. Discovery Place II (1880 Valley Farm Rd, 0.19 km) recorded zero closed leases over the trailing 180 days and therefore offers no realized rent benchmark for direct comparison.
Does Millennium I offer a competitive price-per-square-foot ($/SF) against local comparables?
Millennium I leases at $3.05 per square foot across an average 917-square-foot suite, a rate that sits at parity with Liberty at Discovery Place ($3.05 per square foot) while commanding an 11.3% premium over Discovery Place I ($2.74 per square foot) and a 5.0% discount below Universal City East ($3.21 per square foot). Against Liberty, the subject provides 33 fewer interior square feet at an identical per-square-foot rate, so the $150 lower monthly rent reflects a smaller footprint rather than a valuation gap. Versus Discovery Place I, the subject delivers 33 fewer square feet yet charges $0.31 per square foot more, meaning the higher nominal rent is a genuine rate premium on a slightly compact layout. The Universal City East comparison inverts the trade-off: the subject's $530 higher monthly rent is driven by 213 additional interior square feet, while the per-square-foot rate actually runs $0.16 lower than the 2026 new-build, confirming that the nominal premium is a space-volume effect rather than a per-unit valuation advantage.
How do building age, amenities, and developer reputation impact rent spreads?
Millennium I offers a nine-feature lifestyle package anchored by an outdoor pool, sauna and steam room, gym, meeting room, games and billiards room, BBQ area, concierge and security, party and lounge room, and a pet wash station—a mid-tier amenity set that differentiates it from the older Discovery Place towers while trailing the 2026 Universal City East on wellness and work-from-home infrastructure. The pet wash station is a signature feature absent from Liberty at Discovery Place, Discovery Place I, and Discovery Place II, giving Millennium I a clear pet-ownership advantage over the three Esplanade and Valley Farm peers. Conversely, the subject lacks the indoor pool, hot tub, tennis and pickleball courts, squash and racquetball courts, library, media and theatre room, and garden courtyard found at both Discovery Place towers, and it does not match Universal City East's yoga studio, spin studio, rooftop terrace, business centre, dining room and kitchen, kids' play room, or content creation studio. This package best serves cost-conscious young professionals and small pet-owning households in Pickering who want a full-service outdoor-pool community with basic wellness and social spaces without paying the new-build premium for a 2026 amenity suite.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Millennium I.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Outdoor Pool
- Sauna & Steam Room
- Party & Lounge Room
- Meeting Room
- Games & Billiards Room
- BBQ Area
- Pet Wash Station
Residential Buildings in the Vicinity
- Liberty at Discovery Place60 m
- Discovery Place II194 m
- Discovery Place I255 m
- Universal City East255 m
- Village at the Pines554 m
- Universal City Tower 3946 m
- The Brockstone990 m
- Emerald Point1.0 km
- Universal City - I1.0 km
- Universal City Two1.1 km
- SF3 - San Francisco by the Bay 31.3 km
- San Francisco by the Bay1.4 km
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Millennium I.
Snapshot Dates & Benchmark Cadence
- Standardized Snapshot: Market metrics reflect a standardized monthly snapshot locked as of August 31, 2026.
- Benchmark Comparison Cadence: Month-over-month comparisons evaluate changes across standardized month-end reporting windows (August 2026 vs July 2026), ensuring consistent baseline periods and eliminating intra-month reporting volatility.
- Point-in-Time Daily History: Daily charts capture point-in-time active listings available on any given calendar day.
Public Data Aggregation & Thresholds
- Public Data Aggregation: FastScreen aggregates residential rental listing and completed lease transaction records from publicly available sources.
- Threshold Filtering: All listings are subject to a minimum monthly rental threshold of $1,000 to filter out standalone storage lockers, private parking spaces, and misclassified commercial entries from condominium statistics.
Calculation Formulations
- Average Asking Rent: Weighted average of active asking prices across available suites in the reporting period.
- Price Per Square Foot ($/SF): Calculated by dividing rent by square footage only for listings that provide unit dimensions (suites without stated square footage are excluded from $/SF calculations).
- Days on Market (DOM): Measures elapsed calendar days between the date a suite is first listed and either the benchmark snapshot date (for active listings) or the finalized date leased.
- Parking & Den Differentials: Average asking rent differences between suites with vs. without parking, and suites with vs. without a den.
Data Limitations & Scope
- Exclusively Public Records: Statistics are derived exclusively from publicly available rental listings and completed lease records. Private direct-to-landlord arrangements, unadvertised tenant renewals, and off-market rental agreements are not captured.
- Agreed Contract Amounts: Reported lease amounts reflect agreed contract rents and do not account for private move-in allowances or individual unit renovations that may influence pricing spreads.
Disclaimer: The information and statistics presented on this page (including asking rents, lease prices, de-listed listings, average square footage, days on market, and implied suite premiums) are aggregated from public listing sources for general informational, educational, and reference purposes only. FastScreen does not guarantee the accuracy, completeness, or timeliness of any data shown. This information does not constitute financial, investment, legal, or professional real estate advice. Users should conduct their own independent research and consult with licensed professionals before making any rental, leasing, property management, or real estate investment decisions.