DNA 3 — Rental Market Data

DNA 3 at 1030 King St W lists four active units as of August 31, 2026, with asking rents ranging from $2,100 to $2,490 per month, an average of $2,298 and a median of $2,300. The average active suite spans 475 square feet at $4.93 per square foot, and the inventory skews toward compact one-bedroom layouts (75 percent) with a single studio (25 percent) rounding out the entry-level tier. No multi-bedroom or den configurations are currently on the market, so renters seeking executive floor plans must look to the broader Toronto West submarket.

One-bedroom suites dominate DNA 3's active inventory with three listings representing 75 percent of available stock, averaging $2,363 per month on 500 square feet at $4.82 per square foot. The remaining 25 percent is a single studio at 400 square feet asking $2,100 per month, or $5.25 per square foot. With no two-bedroom or den units listed, the active mix is entirely entry-level and compact one-bedroom product.

DNA 3's four active listings span a $390 spread, from a $2,100 entry studio to a $2,490 peak one-bedroom, an 18.6 percent range. The median asking rent sits at $2,300 per month. The entry-level studio covers 400 square feet at $5.25 per square foot, while the peak one-bedroom offers 550 square feet at a more efficient $4.53 per square foot, rewarding renters who prioritize space over minimum price.

Active den premiums at DNA 3 cannot be quantified because no den or two-bedroom units are currently listed, leaving the marginal cost per square foot of additional den space uncalculated. Verified parking at the building carries a $190 per month premium on active listings, compared to a $285 per month average observed in closed leases, suggesting renters may negotiate the parking add-on closer to the active asking figure.

DNA 3's average asking rent of $2,298 per month undercuts the Toronto West submarket asking benchmark of $3,051 by roughly $753, yet the building's $4.93 per square foot rate actually exceeds the submarket asking rate of $4.72 per square foot by 4.4 percent. This divergence resolves through suite size: DNA 3's active listings average 475 square feet, meaning renters pay a higher per-square-foot rate on a smaller footprint, while the submarket's larger average unit dilutes the nominal monthly figure. The building represents four out of fifty active listings in the Toronto West submarket, or 8 percent of total available inventory.

DNA 3's average realized lease rent of $2,390 per month sits $410 below the four-comp benchmark of $2,800, driven primarily by the building's smaller average suite footprint rather than a weaker asset valuation. DNA II at 1005 King St W (0.1 km, 5 closed leases) averaged $2,480 per month at $4.11 per square foot across 606 square feet, placing the subject $90 lower in nominal rent. DNA I at 1 Shaw St (0.14 km, 8 closed leases) averaged $2,481 per month at $4.15 per square foot over 600 square feet, with the subject trading $91 below that mark. Massey Square at 1000 King St W (0.11 km, 2 closed leases) posted $3,075 per month at $3.86 per square foot across 800 square feet, a $685 gap above the subject's realized rent. The Tower at 125 Western Battery Rd (0.18 km, 17 closed leases) recorded $3,162 per month at $4.40 per square foot over 725 square feet, leaving the subject $772 lower in absolute monthly cost. Every competitor in this set closed at least two lease transactions in the trailing 180 days, so all four provide realized rent benchmarks rather than listing-only references.

DNA 3 leases at $4.67 per square foot across an average 523-square-foot suite, a rate that exceeds every nearby competitor on a per-square-foot basis while delivering fewer interior square feet than each one. Against DNA II (0.1 km), the subject commands a $0.56-per-square-foot (13.6%) premium while providing 83 fewer interior square feet, meaning the lower nominal rent of $90 reflects a tighter footprint rather than a weaker per-unit valuation. Versus DNA I (0.14 km), the subject trades at a $0.52-per-square-foot (12.5%) premium with 77 fewer square feet, again compressing the absolute rent gap to $91. Massey Square (0.11 km) shows the widest divergence: the subject carries a $0.81-per-square-foot (21.0%) premium over that 2002-built tower while offering 277 fewer square feet, which explains the $685 lower monthly rent despite the higher rate. The Tower (0.18 km) presents the narrowest per-square-foot gap at a $0.27-per-square-foot (6.1%) premium, with the subject providing 202 fewer square feet and a $772 lower nominal rent. In every pairing, the subject's lower absolute rent is a function of its compact 523-square-foot average suite, not a discount in asset quality or per-unit pricing.

DNA 3 offers a 12-feature amenity program that includes a Rain Room and Business Centre—two lifestyle elements absent from all four nearby competitors—while sharing core fitness, social, and outdoor facilities with the peer set. The Rain Room, a climate-controlled sensory space, and the dedicated Business Centre with workstations give DNA 3 a distinct remote-work and wellness edge that DNA II (which offers a Sauna & Steam Room and Garden & Courtyard instead), DNA I (Sauna & Steam Room, Garden & Courtyard), Massey Square (a five-feature basic package), and The Tower (Library & Reading Room, Cyber Lounge, Garden & Courtyard) do not replicate. The subject also matches The Tower on Games & Billiards Room and Media & Theatre Room, and aligns with DNA I and The Tower on a Dining Room & Kitchen, giving it a broader social-dining footprint than DNA II or Massey Square. This amenity mix—pairing a modern fitness and yoga studio with a purpose-built business centre, rooftop terrace, BBQ area, and the signature Rain Room—best serves young professionals and remote workers in the Toronto West submarket who value flexible workspaces, wellness programming, and social gathering areas without requiring the larger-suite, garden-oriented lifestyle of the older 2002-to-2006 peer buildings.