Esprit B — Rental Market Data

Esprit B's average realized lease rent of $2,700 per month sits $191 above the four-comparable benchmark of $2,509, with the spread driven by the building's larger suite footprints rather than a per-square-foot premium. Celebrity Place at 77 Maitland Pl (0.07 km, six closed leases) realized an average rent of $3,198 per month at $3.78 per square foot across 848-square-foot suites, placing Esprit B's rent $498 lower than that peer. Esprit A at 60 Homewood Ave (0.08 km, one closed lease) recorded an average rent of $2,495 per month at $3.33 per square foot over 750 square feet, meaning Esprit B commands $205 more per month despite offering 110 additional square feet. 40 Homewood at 40 Homewood Ave (0.14 km, six closed leases) averaged $1,928 per month at $4.33 per square foot in 450-square-foot units, so Esprit B's rent runs $772 higher while delivering 410 more square feet. The Marquis at 135 Maitland St (0.16 km, two closed leases) realized $2,415 per month at $4.56 per square foot across 575 square feet, placing Esprit B's rent $285 above that benchmark with 285 additional square feet in the tenant's possession.

Esprit B leases at $3.14 per square foot across an average 860-square-foot suite, a rate that trades at a discount below every active nearby competitor and the $4.00 per-square-foot comp benchmark, while the interior footprint exceeds each peer by 12 to 410 square feet. Against Celebrity Place, the subject offers a $0.64 per-square-foot (16.9 percent) discount and 12 more square feet, yet the nominal rent is $498 lower because the comp's 848-square-foot suite carries a higher per-unit rate that more than offsets the modest size difference. Versus Esprit A, Esprit B trades at a $0.19 per-square-foot (5.7 percent) discount and provides 110 additional square feet, resulting in a $205 higher monthly rent that reflects the larger footprint rather than a valuation premium. The gap widens against 40 Homewood, where the subject offers a $1.19 per-square-foot (27.5 percent) discount and 410 more square feet, producing a $772 higher rent that is entirely a function of the 450-to-860-square-foot size differential. The Marquis presents the steepest per-square-foot contrast at $1.42 per square foot (31.1 percent) below the comp's rate, with 285 additional square feet driving a $285 higher monthly rent. In every pairing, the subject's higher nominal rent (except Celebrity Place) is a space-volume effect, not a rate premium.

Esprit B provides a 16-feature lifestyle package anchored by an indoor pool, hot tub and jacuzzi, tennis and pickleball court, squash and racquetball court, basketball court, rooftop terrace, and jogging track—facilities that collectively outstrip the recreational depth of three of its four nearby peers. Celebrity Place (77 Maitland Pl) matches the pool, gym, and racquetball offerings but adds EV charging, a car wash bay, a dining room and kitchen, a library, and an on-site convenience store that Esprit B lacks; in return, Esprit B offers a hot tub and jacuzzi, a dedicated tennis and pickleball court, a rooftop terrace, and a jogging track absent from Celebrity Place's roster. Esprit A (60 Homewood Ave) is the closest amenity twin, sharing the pool, hot tub, tennis court, and racquetball facilities, but extends its package with a dog run, Enterprise CarShare, a BBQ area, and a party and lounge room that Esprit B does not include. 40 Homewood (40 Homewood Ave) omits the hot tub, basketball court, tennis and pickleball court, squash court, and garden courtyard found at Esprit B, while The Marquis (135 Maitland St) offers only a gym, party lounge, meeting room, rooftop terrace, BBQ area, garden, and concierge—lacking the aquatic, racquet-sport, and fitness-court infrastructure entirely. The building's aquatic-and-racquet-sport emphasis, combined with the rooftop terrace and jogging track, best serves active, multi-generational households and sport-oriented professionals who prioritize on-site recreation over convenience-store or EV-charging amenities.