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Market Data as of August 31, 2026

U Condominiums - East Tower — Rental Market Data

1080 Bay St, Toronto, Ontario M5S 0A3
Quick Rent Estimate
Active Suites3 Available
Type
Units
Avg Rent
1-Bedroom + Den
3
$3,033

Building Summary & Rental Market Overview

Rental market analytics and building profile as of August 31, 2026.

Building TypeCondominium
Year Completed2016
Total Suites546
DeveloperPemberton Group

Developed by Pemberton Group in 2016, U Condominiums - East Tower stands at 1080 Bay St in the Downtown Core neighborhood with a total suite count of 546 homes. Operating as an established residential high-rise with an availability rate of 0.5% across 3 active listings, the tower recently recorded 41 closed leases over the past 90 days with an average of 21 days on the market, alongside 5 closed leases in the past 30 days averaging 20 days on the market.

Active asking rents average $3,033 per month at $5.09 per square foot, comparing against realized 90-day leases averaging $2,969 per month at $4.84 per square foot. Current listings feature an average suite size of 597 square feet, which is more compact than historical leases averaging 632 square feet. The active rate of $5.09 per square foot exceeds the broader submarket asking benchmark of $4.56 per square foot.

Closed days on the market averaged 21 days over 90 days, while delisted properties averaged 91 days on the market due to unrented listings sitting unleased longer. Negotiation trends show 27.6% of leases closing below asking, delivering an average tenant discount of $11 per month. Inventory is restricted to 1-Bedroom + Den layouts, leaving zero active units available in other bedroom tiers.

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Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at U Condominiums - East Tower as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units3
-3 (50.0%)
Avg Asking Rent$3,033
-$475 (13.5%)
Avg Suite Size597 sf
-86 sf (12.6%)
Avg Days on Market31d
+9d (37.8%)
Avg Asking $/SF$5.09
-$0.07 (1.3%)

Active Market Insights & Questions

How has rental availability changed at U Condominiums - East Tower recently?

U Condominiums - East Tower features 3 active listings as of August 31, 2026, offering a price range of $2,950 per month to $3,150 per month with an average asking rent of $3,033 per month and a median asking rent of $3,000 per month. Active suites maintain an average floor area of 597 square feet and an average asking rate of $5.09 per square foot. The inventory is entirely composed of 1-Bedroom + Den configurations, reflecting a total concentration in compact multi-functional layouts rather than multi-bedroom executive suites.

What floor plans and unit layouts are currently available at U Condominiums - East Tower?

The dominant active layout at U Condominiums - East Tower is the 1-Bedroom + Den, accounting for all 3 active listings and a 100% inventory share. This single available tier averages $3,033 per month across 597 square feet at an average rate of $5.09 per square foot. There are zero units currently available in any other bedroom tier.

What is the average asking rent and $/SF by suite size at U Condominiums - East Tower?

U Condominiums - East Tower exhibits a minimum entry rent of $2,950 per month and a peak asking rent of $3,150 per month, creating a dollar spread of $200 and a percentage spread of 6.8%. Median asking rent sits at $3,000 per month. The entry-level option consists of a 1-Bedroom + Den spanning 550 square feet at $5.36 per square foot, whereas the peak-priced suite comprises a 1-Bedroom + Den spanning 650 square feet at $4.85 per square foot.

How much extra do parking spaces and dens cost at U Condominiums - East Tower?

Active den premium figures cannot be isolated for U Condominiums - East Tower as den size deltas and marginal costs are not recorded in the active dataset. Active parking stalls are verified at an additional cost of $175 per month.

How do asking rents at U Condominiums - East Tower compare to local and municipal benchmarks?

U Condominiums - East Tower features an average asking rent of $3,033 per month at $5.09 per square foot, compared to the Downtown Core submarket asking benchmark of $3,471 per month at $4.56 per square foot. The lower nominal monthly outlay is driven by more compact suite sizing rather than cheaper unit pricing. The building's asking rate per square foot tracks 11.6% above the submarket asking benchmark while representing a 0.5% share of submarket inventory.

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 U Condominiums - East Tower (Data period: For the month of August 2026).

Units Leased5
Avg Leased Price$3,880
Avg Leased Size632 sf
Avg Days to Lease20d
Leased $/SF$5.37

Leased Transaction Insights & Questions

How many suites were leased at U Condominiums - East Tower last month, and how fast did they rent?

At U Condominiums - East Tower, the 30-day average days on market is 20 days, the 90-day average is 21 days, and the Downtown Core submarket benchmark is 21 days. Leasing turnover accelerated over the summer, supported by 5 closed leases in the last 30 days, 41 closed leases over the last 90 days, and a lifetime total of 58 closed leases.

What is the negotiation spread between asking rents and closed lease prices at U Condominiums - East Tower?

At U Condominiums - East Tower, tenants secured an average discount of $11 per month, representing a 0.37% reduction below asking price and annual tenant savings of $132 per year. Market leverage remained moderately tenant-favorable, with 27.6% of leases closing below asking price while remaining transactions achieved full asking rates.

What are typical executed lease prices across different layouts at U Condominiums - East Tower?

At U Condominiums - East Tower, the two highest-volume anchor layouts are the 1-Bedroom with an average monthly rent of $2,577 per month and 20 days on market, and the 2-Bedroom with an average monthly rent of $4,087 per month and 26 days on market. The 1-Bedroom layout delivered 23 closed leases averaging $2,577 per month, a median of $2,550 per month, a P25-P75 range of $2,425 to $2,700 per month, an average size of 549 square feet, $4.69 per square foot, and 20 days on market. The 2-Bedroom layout delivered 15 closed leases averaging $4,087 per month, a median of $4,000 per month, a P25-P75 range of $3,900 to $4,250 per month, an average size of 856 square feet, $4.78 per square foot, and 26 days on market. The 1-Bedroom + Den layout delivered 14 closed leases averaging $2,946 per month, a median of $2,900 per month, a P25-P75 range of $2,850 to $2,988 per month, an average size of 593 square feet, $4.99 per square foot, and 24 days on market. The Studio layout delivered 6 closed leases averaging $2,117 per month, a median of $2,100 per month, a P25-P75 range of $2,100 to $2,100 per month, an average size of 450 square feet, $4.78 per square foot, and 14 days on market.

What measurable rent premium did suites with parking achieve in closed leases at U Condominiums - East Tower?

At U Condominiums - East Tower, realized parking premium data is currently inconclusive due to insufficient paired lease data where parking was broken out as a separate line item. Active asking parking rates are verified at $175 per month for units offering parking stalls. Standard multi-bedroom suites frequently bundle parking inclusions directly into the gross monthly rent.

How does the lease-to-listing ratio at U Condominiums - East Tower reflect current tenant demand?

At U Condominiums - East Tower, overall monthly rent followed an active spring and summer trajectory with consistent leasing volume. In April 2026, 4 units closed at an average rent of $2,875 per month, $4.73 per square foot, and 10 days on market. In May 2026, 11 units closed at an average rent of $3,300 per month, $4.68 per square foot, and 29 days on market. In June 2026, 16 units closed at an average rent of $2,688 per month, $4.48 per square foot, and 24 days on market. In July 2026, 22 units closed at an average rent of $2,924 per month, $4.98 per square foot, and 19 days on market. In August 2026, 5 units closed at an average rent of $3,880 per month, $5.37 per square foot, and 20 days on market.

De-Listed & Terminated Rental Market Dynamics

Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at U Condominiums - East Tower (Data period: For the month of August 2026).

Delisted Units1
Avg Asking Price$2,850
Avg Suite Size650 sf
Avg Days on Market91d
Delisted $/SF$4.38

De-Listed Market Analysis & Questions

How many listings de-listed at U Condominiums - East Tower, and what was their re-listing price compared to previous asking?

At U Condominiums - East Tower, 1 total unit was delisted, representing a delisted-to-leased ratio of 20% relative to historical leasing volume. This unrented listing history consists of 0 terminated listings, 1 expired listing, and 0 suspended listings. This reflects a healthy market ratio of roughly 1 listing pulled for every 5 successful leases.

How do asking prices on de-listed suites compare to executed leases and active listings at U Condominiums - East Tower?

At U Condominiums - East Tower, unrented units asked an average of $2,850 per month, which is $1,030 per month below realized lease averages nominally, driven by smaller floor plans, while commanding a lower rate per square foot of $4.38 per square foot compared to the historical lease average of $4.80 per square foot.

What market friction causes rental listings to stall or de-list at U Condominiums - East Tower?

At U Condominiums - East Tower, delisted units spent an average of 91 days on market compared to 22 days for realized leases, resulting in 69 excess marketing days. This extended vacancy carry equates to over 2 months of lost rental income plus ongoing monthly condo maintenance fees, illustrating the carrying cost of unrented inventory.

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.

Suite Filters
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Chart Metrics
Max 2 Plotted
Show Min / Max Range Bands
Left AxisAsking Price
Avg Asking Price
Right AxisUnits Available
Avg Units Available
Historical statistics trends for active listings
DateUnits AvailableAvg Price ($)Avg SqFt (SF)Avg PSF ($/SF)Avg DOM (Days)
2026-04-271531736864.6520
2026-04-281432147004.6122
2026-04-291432937144.6321
2026-04-301432937144.6322
2026-05-011533537264.6322
2026-05-021434077394.6323
2026-05-031333697304.6320
2026-05-041532877064.6818
2026-05-051531536694.7516
2026-05-061531536694.7517
2026-05-071532276864.7516
2026-05-081431796744.7617
2026-05-091531006624.7117
2026-05-101531006624.7118
2026-05-111630666524.7318
2026-05-121530106364.7617
2026-05-131530206434.7212
2026-05-141530206434.7213
2026-05-151529536334.6914
2026-05-161529536334.6915
2026-05-171529536334.6916
2026-05-181330126464.6815
2026-05-191330126464.6816
2026-05-201330126464.6817
2026-05-211330126464.6818
2026-05-221429456464.5818
2026-05-231529326404.6018
2026-05-241529326404.6019
2026-05-251529326404.6020
2026-05-261529326404.6021
2026-05-271529326404.6022
2026-05-281728996354.5820
2026-05-291728996354.5821
2026-05-301728996354.5822
2026-05-311728996354.5823
2026-06-011629366504.5322
2026-06-021729936624.5319
2026-06-031529196534.4719
2026-06-041529196534.4720
2026-06-051729026474.4818
2026-06-061629276534.4820
2026-06-071629276534.4821
2026-06-081629276534.4822
2026-06-091529896634.5123
2026-06-101330416774.4918
2026-06-111330416774.4919
2026-06-121230986884.5121
2026-06-131030836854.5224
2026-06-141030836854.5225
2026-06-1511305010324.1624
2026-06-1611305010324.1625
2026-06-1711305010324.1626
2026-06-181230309914.2525
2026-06-191230309914.2526
2026-06-201230309914.2527
2026-06-2111308210314.2329
2026-06-221230719914.3228
2026-06-231230719914.3229
2026-06-2411306010224.2731
2026-06-251329439464.2827
2026-06-261329439464.2828
2026-06-271429049144.3227
2026-06-281328239194.3025
2026-06-291428478994.3324
2026-06-3015288211334.2321
2026-07-0115288211334.2322
2026-07-0213287112034.2120
2026-07-0312277712294.1918
2026-07-0411280212904.1620
2026-07-0511280712904.1719
2026-07-061129709584.5819
2026-07-071230319384.6617
2026-07-081231176135.1211
2026-07-091331856315.0911
2026-07-101331856315.0912
2026-07-111232216385.0910
2026-07-121133236595.0812
2026-07-131034156755.1113
2026-07-14933506565.1515
2026-07-15933506565.1516
2026-07-16832106315.1216
2026-07-17730696005.1518
2026-07-18730696005.1519
2026-07-19930985965.2416
2026-07-20732336305.1515
2026-07-21732336305.1516
2026-07-22732336305.1517
2026-07-23830916015.1616
2026-07-24730906005.1719
2026-07-25932146335.1015
2026-07-26832486445.0615
2026-07-27733146575.0617
2026-07-28635177005.0320
2026-07-29734366795.0818
2026-07-30734366795.0819
2026-07-31635086835.1623
2026-08-01533106505.1323
2026-08-02533106505.1324
2026-08-03533106505.1325
2026-08-04430636005.1531
2026-08-05430636005.1532
2026-08-06430636005.1533
2026-08-07430636005.1534
2026-08-08430636005.1535
2026-08-09430636005.1536
2026-08-10430636005.1537
2026-08-11430636005.1538
2026-08-12430636005.1539
2026-08-13430636005.1540
2026-08-14530405905.1932
2026-08-15632836335.2128
2026-08-16632836335.2129
2026-08-17532806505.0530
2026-08-18632336405.0526
2026-08-19632336405.0527
2026-08-20632336405.0528
2026-08-21632336405.0529
2026-08-22632336405.0530
2026-08-23632336405.0531
2026-08-24632336405.0532
2026-08-25532906584.9934
2026-08-26532906584.9935
2026-08-27429886114.9242
2026-08-28429886114.9243
2026-08-29429886114.9244
2026-08-30429886114.9245
2026-08-31330335975.0931

12-Month Market Dynamics & Trend Trajectory

U Condominiums - East Tower has established a solid operational footprint in the Downtown Core submarket, recording a lifetime volume of 58 closed leases with an average monthly rent of $3,009 per month. Realized leases achieved an average rate of $4.80 per square foot across an average suite size of 632 square feet, maintaining an average marketing time of 22 days to reflect steady tenant turnover. Transaction distribution revealed balanced pricing discipline between landlords and prospective renters, with a net negotiation spread of -$11 per month or 0.37% below asking. Tenants successfully negotiated minor concessions on 27.6% of deals, saving $132 annually, while the remaining inventory closed firmly at full asking value without aggressive discounting.

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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.

Property & transaction filters
Chart metrics & timeframe
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Latest leased insights and trends

Left AxisLeased Price
Avg Leased Price
Right AxisUnits Leased
Avg Units Leased
Historical statistics trends for leased transactions
DateUnits LeasedAvg Leased Price ($)Avg SqFt (SF)Avg PSF ($/SF)Avg DOM (Days)
2026-04-26125005504.5524
2026-05-03537308104.5934
2026-05-10333336994.8523
2026-05-17225755464.7129
2026-05-240N/AN/AN/AN/A
2026-05-31628335994.7527
2026-06-07725935934.3421
2026-06-140N/AN/AN/AN/A
2026-06-21228506004.7415
2026-06-28426386384.1334
2026-07-056276718823.4730
2026-07-12633676675.079
2026-07-19327835205.4015
2026-07-26530566005.1014
2026-08-02143008505.0610
2026-08-090N/AN/AN/AN/A
2026-08-16133005506.0029
2026-08-23236507005.2620

Nearby Building Rental Comparables & Price Spreads

Direct rental rate comparisons against residential properties in the immediate vicinity.

U Condominiums - East Tower is benchmarked directly against nearby vertical residential competitors in the Downtown Core, including U Condominiums - West Tower located 0.06 kilometers away (built in 2016 with 56 active listings), The Polo Club I located 0.08 kilometers away (built in 1987 with 15 active listings), elev'n21 located 0.1 kilometers away (built in 2003 with 7 active listings), and 1132 Bay located 0.14 kilometers away (built in 1984 with 0 active listings). These properties span distinct structural eras, contrasting modern 2010s high-rise construction with established 1980s and 2000s developments along the Bay Street corridor. Across the competitive set, the overall average rent sits at $2,797 per month, with an average rate of $4.59 per square foot across an average suite size of 623 square feet. U Condominiums - East Tower positions itself within this micro-market as a modern, scaled 2016-built asset holding a competitive pricing position. Its average leased rate of $4.80 per square foot trades slightly above the broader submarket benchmark of $4.48 per square foot, reflecting its mid-2010s construction quality and robust amenity package relative to older neighboring stock.

65 St Mary St, Toronto

Avg Asking$3,260/mo
Avg $/SF$4.88
Rent Spread:
+$227/mo (+7.5%) Higher

1055 Bay St, Toronto

Avg Asking$2,478/mo
Avg $/SF$4.11
Rent Spread:
-$555/mo (-18.3%) Lower

1121 Bay St, Toronto

Avg Asking$2,992/mo
Avg $/SF$4.56
Rent Spread:
-$42/mo (-1.4%) Lower

44 St Joseph St, Toronto

Avg Asking$2,675/mo
Avg $/SF$3.89
Rent Spread:
-$358/mo (-11.8%) Lower

77 Charles St W, Toronto

Avg Asking$8,300/mo
Avg $/SF$6.38
Rent Spread:
+$5,267/mo (+173.6%) Higher

75 St Nicholas St, Toronto

Avg Asking$2,786/mo
Avg $/SF$4.54
Rent Spread:
-$247/mo (-8.1%) Lower

Comparable Analysis & Questions

How do rental rates at U Condominiums - East Tower compare to neighbouring buildings within Downtown Core?

U Condominiums - East Tower achieves an average lease rent of $3,009 per month at $4.80 per square foot, tracking above the overall competitor average of $2,797 per month while aligning closely with modern benchmarks like U Condominiums - West Tower at 65 St Mary St, which averages $3,177 per month at $4.88 per square foot across an average of 662 square feet. Older nearby alternatives show varied pricing structures, such as The Polo Club I at 1055 Bay St averaging $2,436 per month at $4.05 per square foot across 621 square feet, and elev'n21 at 1121 Bay St averaging $2,779 per month at $4.83 per square foot across 586 square feet. Meanwhile, 1132 Bay at 1132 Bay St maintains zero recorded leases in the current 180-day window, yielding no active rental figures.

Does U Condominiums - East Tower offer a competitive price-per-square-foot ($/SF) against local comparables?

U Condominiums - East Tower commands a leased rate of $4.80 per square foot across an average footprint of 632 square feet, presenting a balanced value proposition that trades slightly below modern peers like U Condominiums - West Tower at $4.88 per square foot while capturing a premium over vintage options like The Polo Club I at $4.05 per square foot. Renters evaluating U Condominiums - East Tower versus 1980s stock trade away larger, dated layouts for modern suite efficiencies, contemporary interior finishes, and reduced utility burdens. Compared to elev'n21 at 1121 Bay St ($4.83 per square foot across 586 square feet), the subject building delivers more interior space at a lower rate per square foot.

How do building age, amenities, and developer reputation impact rent spreads?

U Condominiums - East Tower delivers an extensive, modern lifestyle and amenity profile that compares favorably against its immediate Bay Street competitors. Signature amenities at the subject property include a 24/7 concierge and security service, a fully equipped gym and fitness centre, a dedicated yoga studio, an indoor pool, and a rooftop terrace. When contrasted with peers, U Condominiums - East Tower matches or exceeds nearby offerings: U Condominiums - West Tower shares a similar comprehensive package featuring a yoga studio, media room, and rooftop terrace; The Polo Club I provides an outdoor pool, squash court, and hot tub but lacks the contemporary indoor aquatic and fitness layouts found at the subject; elev'n21 features a party room and rooftop terrace but omits dedicated wellness spaces like a yoga studio; and 1132 Bay offers standard amenities including an indoor pool and sauna without the multi-level social lounges. This curated amenity collection primarily serves urban professionals and medical or academic personnel seeking comprehensive wellness and social spaces on-site.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around U Condominiums - East Tower.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Yoga Studio
  • Indoor Pool
  • Sauna & Steam Room
  • Party & Lounge Room
  • Meeting Room
  • Games & Billiards Room
  • Library & Reading Room
  • Media & Theatre Room
  • BBQ Area
  • Rooftop Terrace
  • Garden & Courtyard

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for U Condominiums - East Tower.

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.