Universal City - I — Rental Market Data

Universal City - I currently has two active rental listings as of August 31, 2026, with asking rents ranging from $2,200 to $2,500 per month, an average of $2,350, and a median of $2,350. The two available suites average 738 square feet and carry an asking rate of $3.35 per square foot. Inventory is evenly split between a 1-Bedroom + Den and a 2-Bedroom + Den, each representing 50 percent of active availability, so the current mix spans compact entry-level space to multi-bedroom executive layouts rather than concentrating in a single tier.

The dominant active layout at Universal City - I is the 1-Bedroom + Den, with one listing representing 50 percent of current inventory at an average asking rent of $2,200 per month across 550 square feet, or $4.00 per square foot. The 2-Bedroom + Den tier also holds one listing at 50 percent share, asking $2,500 per month for 925 square feet at $2.70 per square foot. Both tiers are single-listing samples, so neither reflects a broad pricing distribution and each should be evaluated as an individual deal.

Universal City - I's active availability spans from a minimum entry rent of $2,200 per month to a peak asking rent of $2,500 per month, a dollar spread of $300 and a percentage spread of 13.6 percent. The median asking rent sits at $2,350 per month, splitting the range cleanly. The entry-level suite is a 1-Bedroom + Den at 550 square feet priced at $4.00 per square foot, while the peak suite is a 2-Bedroom + Den at 925 square feet priced at $2.70 per square foot, illustrating that the larger layout delivers substantially more space at a lower unit rate.

Universal City - I's active den premium cannot be reliably quantified from the current two-listing sample, as paired den versus no-den comparisons are insufficient to isolate a marginal cost per square foot for the additional den space. Active parking premiums are likewise inconclusive due to an unreliable or insufficient paired sample in the current listings. However, verified historical lease data confirms that parking stalls at this building have carried a $342 per month add-on, providing a reference point for budgeting purposes.

Universal City - I's active asking rent of $2,350 per month and $3.35 per square foot both trail the Pickering submarket asking benchmarks of $2,542 per month and $3.58 per square foot. The building's per-square-foot rate sits 6.4 percent below the submarket asking average, confirming a more competitive unit pricing structure even though the nominal monthly rent is also lower. Universal City - I accounts for two of the 23 active listings in the Pickering submarket, representing roughly 8.7 percent of total neighborhood availability.

Universal City – I at 1480 Bayly St averages $2,452 per month in closed leases, sitting $32 above the four-comparable average of $2,420 and $48 above the Pickering submarket lease benchmark of $2,404. Universal City Two (1455 Celebration Dr) reports an average closed-lease rent of $2,241 per month at $3.53 per square foot across 654-square-foot suites, a $211-per-month gap below the subject. Universal City Tower 3 (1435 Celebration Dr) averages $2,209 per month at $3.31 per square foot on 676 square feet, a $243 spread. SF3 – San Francisco by the Bay 3 (1245–1255 Bayly St) leases at $2,378 per month, $3.26 per square foot, and 744 square feet, just $74 below the subject. Village at the Pines (1525–1535 Diefenbaker Crt) posts the highest headline rent at $2,850 per month but on a much larger 1,100-square-foot footprint at only $2.59 per square foot, reflecting its 1997 construction and limited amenity set.

Universal City – I delivers a competitive value proposition in Pickering, leasing at $3.22 per square foot on an average 774-square-foot suite—below the submarket lease benchmark of $3.33 per square foot and at a modest discount to three of its four nearby competitors. Against Universal City Two, the subject trades $0.31 per square foot (8.8%) lower while providing 120 more interior square feet, meaning a tenant gains roughly 120 additional square feet of living space for a lower per-foot rate. Compared with Universal City Tower 3, the discount narrows to $0.09 per square foot (2.7%) with 98 extra square feet, and versus SF3 – San Francisco by the Bay 3 the gap is just $0.04 per square foot (1.2%) with 30 additional square feet. The one exception is Village at the Pines, where the subject commands a $0.63-per-square-foot (24.3%) premium over that 1997 building's $2.59 rate, but the subject's suites are 326 square feet smaller than the Pines' 1,100-square-foot units, so the per-foot premium reflects a newer, amenity-rich product rather than a raw space trade-off. In practical terms, a renter choosing Universal City – I over the two Universal City towers or SF3 gets more interior area at a slightly lower rate per square foot, while the 1997-era Pines offers substantially more square footage at a lower per-foot cost but with a far more limited lifestyle package.

Universal City – I at 1480 Bayly St offers a focused, wellness-and-outdoor-oriented amenity suite that differentiates it from the broader, business-tilted packages at its Universal City neighbours and the hot-tub-centric profile of SF3. Where Universal City Two (1455 Celebration Dr) provides a dedicated Business Centre, Tech Lounge, Cabanas, and the Universal City Piazza, the subject instead centres on a Yoga Studio, Change Rooms, and an Outdoor Pool paired with a Fire-pit—amenities that cater to active, social renters rather than remote workers needing conference-grade facilities. Universal City Tower 3 (1435 Celebration Dr) adds a Pet Wash Station and Games & Billiards Room that the subject does not carry, while SF3 – San Francisco by the Bay 3 (1245–1255 Bayly St) differentiates with a Hot Tub & Jacuzzi and a Media & Theatre Room absent from the subject's roster. The subject's unique Change Rooms and its combination of an Outdoor Pool, Rooftop Terrace, BBQ Area, and Sauna & Steam Room create a streamlined recreation-and-recovery package best suited to young professionals and active renters in their mid-to-late twenties who prioritise fitness, outdoor socialising, and post-work recovery over on-site business infrastructure or pet-specific services.