King Blue - King Tower — Rental Market Data

King Blue – King Tower has seven active listings as of August 31, 2026, with asking rents ranging from $1,300 to $3,600 per month, an average of $2,536, and a median of $2,500. The average active suite measures 637 square feet at $3.97 per square foot, and the inventory splits evenly across three tiers—two one-bedrooms, two one-bedroom-plus-dens, and two two-bedrooms—accounting for 85.7 percent of available units, with a single two-bedroom-plus-den rounding out the mix. The current listing pool skews toward compact entry-level and mid-size suites rather than large executive layouts, as the dominant 637-square-foot average is notably smaller than the 755-square-foot historical lease average.

The dominant active layout at King Blue – King Tower is the one-bedroom, with two units representing 28.6 percent of available inventory at an average asking rent of $1,850 per month across 475 square feet ($3.81 per square foot). One-bedroom-plus-den and two-bedroom tiers each hold two listings (28.6 percent), averaging $2,600 and $2,625 per month respectively, while the sole two-bedroom-plus-den unit (14.3 percent) asks $3,600 for 950 square feet at $3.79 per square foot. No single tier commands a majority share, giving renters a balanced cross-section from compact one-bedrooms to a spacious den-equipped two-bedroom.

King Blue – King Tower's active asking rents span $1,300 to $3,600 per month, a $2,300 spread representing 176.9 percent of the entry price, with a median asking rent of $2,500. The entry-level suite is a one-bedroom at 400 square feet and $3.25 per square foot, while the peak listing is a two-bedroom-plus-den at 950 square feet and $3.79 per square foot. The dollar spread reflects both layout progression and the premium attached to den space rather than a simple size gradient within a single bedroom tier.

At King Blue – King Tower, the active den premium is quantified at $750 per month for an additional 104 square feet of den space, equating to a marginal cost of $7.21 per square foot for the extra area. Verified parking stalls carry a $200-per-month add-on, confirmed through active listing data. Tenants should factor both premiums into total occupancy cost when comparing den-equipped suites against standard layouts or when budgeting for a parking spot alongside rent.

King Blue – King Tower's average asking rent of $2,536 per month and $3.97 per square foot sit well below the Entertainment District submarket benchmarks of $3,542 per month and $5.53 per square foot, a 28.2 percent discount on a rate-per-square-foot basis. The nominal rent gap is partly explained by suite size: active listings average 637 square feet versus the submarket's larger typical footprint, so the per-square-foot comparison more accurately reflects the building's competitive positioning. King Blue – King Tower accounts for seven out of 153 available listings in the Entertainment District, or roughly 4.6 percent of total submarket inventory.

King Blue – King Tower's average realized lease rent of $3,156 per month runs $495 above the four-comp benchmark of $2,661, placing it at the top of this immediate peer group. King Blue – South Tower (115 Blue Jays Way, 0.02 km) closed 51 leases at an average of $2,132 per month ($4.55 per square foot, 474 sq ft), meaning the subject commands a rent $1,024 higher than its sister tower. Bisha (88 Blue Jays Way, 0.05 km) recorded 19 closed leases averaging $3,150 per month ($5.52 per square foot, 599 sq ft), a near-identical nominal figure just $6 below the subject. 357 King West (357 King St W, 0.05 km) closed 37 leases at $2,622 per month ($3.99 per square foot, 665 sq ft), with the subject realizing $534 more per month. No. 55 Mercer (55 Mercer St, 0.06 km) posted 70 closed leases at $2,740 per month ($4.74 per square foot, 593 sq ft), placing the subject $416 above that benchmark. All four competitors have active lease volume; none recorded zero transactions, so every figure above reflects realized market pricing rather than a reference-only data point.

King Blue – King Tower leases at $4.22 per square foot across an average 755-square-foot footprint, a combination that undercuts the comp-average rate of $4.70 per square foot while delivering roughly 172 additional square feet over the peer mean of 583. Against King Blue – South Tower, the subject trades at a $0.33-per-square-foot (7.3 percent) discount and provides 281 more interior square feet, so the higher nominal rent is a function of the larger suite rather than a steeper per-unit valuation. Bisha prices at $5.52 per square foot for 599 square feet; the subject offers a $1.30-per-square-foot (23.6 percent) discount and 156 additional square feet, again making the modest $6 rent gap a footprint story, not a premium. Against 357 King West, the subject commands a $0.23-per-square-foot (5.8 percent) premium while still providing 90 more square feet, the one comp where both rate and size favour the subject. No. 55 Mercer carries a $4.74-per-square-foot rate for 593 square feet; the subject trades at an $0.52-per-square-foot (11.0 percent) discount and delivers 162 additional square feet, so the $416 higher monthly rent reflects the extra interior area rather than a higher per-unit price.

King Blue – King Tower fields a 15-item amenity suite that includes both an indoor and outdoor pool, a dedicated yoga studio, a business centre, and a rooftop terrace—features that collectively outpace three of its four direct competitors. The indoor pool is the building's most distinctive differentiator: Bisha (88 Blue Jays Way), 357 King West (357 King St W), and No. 55 Mercer (55 Mercer St) all lack an indoor aquatic facility, offering only outdoor pools or none at all, while King Blue – South Tower shares the indoor pool but omits the yoga studio, BBQ area, and business centre found at the subject. The subject also houses a Theatre Museum Canada on-site, a cultural amenity absent from every competitor in this set. Where the peer group pulls ahead, Bisha offers a sauna/steam room and salon, 357 King West adds a juice bar and shared laundry room, and No. 55 Mercer provides a dog run, EV charging stations, a basketball court, and a luxury EV carshare program—none of which appear at King Blue – King Tower. The lifestyle package here is squarely aimed at professionals and young families who prioritize aquatic recreation, structured fitness (yoga plus gym), and remote-work infrastructure over pet-specific or EV-focused amenities, making the building a strong fit for renters who value a resort-style daily routine within a walkable Entertainment District address.