Artworks - East Tower — Rental Market Data

Artworks – East Tower has four units actively listed as of August 31, 2026, with asking rents ranging from $1,840 to $2,700 per month, an average of $2,220 and a median of $2,170. The mean suite size across these listings is 491 square feet at an asking rate of $4.60 per square foot. Three of the four units are one-bedrooms (75 percent of active inventory), while the remaining listing is a one-bedroom-plus-den at 650 square feet, meaning current availability skews toward compact entry-level layouts rather than multi-bedroom executive plans.

The dominant active layout at Artworks – East Tower is the one-bedroom, with three units representing 75 percent of available inventory at an average asking rent of $2,127 per month, 438 square feet, and $4.85 per square foot. The single one-bedroom-plus-den listing accounts for the remaining 25 percent, asking $2,500 per month over 650 square feet at $3.85 per square foot. No two-bedroom or larger configurations are currently on the market.

Artworks – East Tower's active asking rents span from a minimum of $1,840 per month to a peak of $2,700 per month, a dollar spread of $860 and a percentage spread of 46.7 percent. The median asking rent sits at $2,170 per month. The entry-level suite is a 364-square-foot one-bedroom priced at $5.05 per square foot, while the peak listing is a 550-square-foot one-bedroom asking $4.91 per square foot, showing that the highest rent does not correspond to the largest footprint in this small sample.

Artworks – East Tower's active den premium is quantified at $373 per month for an additional 212 square feet of space, translating to a marginal cost of $1.76 per square foot for the extra den area. Active parking premiums cannot be reliably isolated due to an insufficient paired sample of listed units with confirmed parking assignments, so no specific monthly parking figure can be quoted for current listings. Historical lease data does confirm a verified parking premium of $303 per month across closed transactions.

Artworks – East Tower's average asking rent of $2,220 per month at $4.60 per square foot compares to the Downtown East submarket average asking rent of $2,636 per month at $4.36 per square foot. The building's nominal rent is lower than the submarket average because its active suites average 491 square feet versus the broader market's larger footprints, yet the per-square-foot rate runs 5.5 percent above the submarket asking benchmark. Artworks – East Tower accounts for four out of 192 available listings in the Downtown East submarket, a 2.1 percent share of total active inventory.

Artworks - East Tower's all-time average realized rent of $2,560 per month sits $163 above the four-comp benchmark of $2,397, with the spread varying by competitor. Tannery Lofts at 736 Dundas St E (0.07 km, one closed lease) averaged $2,300 per month at $4.18 per square foot across 550 square feet, placing the subject $260 higher. Artsy - Artworks West Tower at 35 Tubman Ave (0.07 km, 14 closed leases) averaged $2,588 per month at $4.03 per square foot across 662 square feet, making the subject $28 lower. DuEast Boutique - East at 34 Tubman Ave (0.1 km, 7 closed leases) averaged $2,336 per month at $3.91 per square foot across 600 square feet, with the subject $224 higher. The Wyatt at 20 Tubman Ave (0.12 km, 17 closed leases) averaged $2,362 per month at $3.96 per square foot across 601 square feet, placing the subject $198 higher.

Artworks - East Tower leases at $3.99 per square foot across an average 656 square feet, positioning it at a slight rate discount to the comp benchmark of $4.02 per square foot while delivering materially more interior space than three of four nearby alternatives. Against Tannery Lofts, the subject trades at a $0.19 per square foot (4.5%) discount while providing 106 more interior square feet, meaning the $260 higher monthly rent is driven entirely by the larger footprint rather than a higher rate. Versus Artsy - Artworks West Tower, the subject offers a $0.04 per square foot (1.0%) discount and 6 fewer square feet, resulting in a marginally lower $28 monthly rent. Against DuEast Boutique - East, the subject commands a $0.08 per square foot (2.0%) premium and 56 more square feet, so both the higher rate and the larger suite contribute to the $224 rent gap. The Wyatt presents a similar dynamic: the subject carries a $0.03 per square foot (0.8%) premium alongside 55 additional square feet, driving the $198 higher rent through both rate and size.

Artworks - East Tower offers a 12-feature amenity suite spanning fitness, social, business, and family programming, placing it in the upper tier of this immediate peer set. The building's outdoor Children's Playground and Garden & Courtyard are absent from Tannery Lofts (which provides only concierge and security), Artsy - Artworks West Tower, and The Wyatt, giving families a dedicated outdoor recreation space no direct competitor matches. DuEast Boutique - East counters with a Pet Wash Station, Art Studio, and Media & Theatre Room that the subject does not include, while The Wyatt adds a Rock Climbing Wall and Meeting Room not found at 130 River St. The subject's combination of an indoor Kids' Play Room, outdoor playground, dining room, business centre, and rooftop terrace best serves young professionals and small families seeking a full-service lifestyle building without the niche specialty features (climbing, pet grooming, art studio) that define its closest Tubman Avenue rivals.