Parade 2 - South Tower & Podium — Rental Market Data

Parade 2 - South Tower & Podium features 3 active listings as of August 31, 2026, spanning an asking price range of $2,500 to $3,200 per month with an average asking rent of $2,750 per month and a median asking rent of $2,550 per month. Active inventory averages 640 square feet with an average asking rate of $4.31 per square foot, dominated by 1-Bedroom + Den layouts that capture 66.7 percent of current availability. The active inventory leans toward compact entry-level footprints while maintaining a single larger executive tier.

The dominant active layout at Parade 2 - South Tower & Podium is the 1-Bedroom + Den, accounting for 2 listings and a 66.7 percent inventory share. 1-Bedroom + Den suites feature an average asking rent of $2,525 per month, a median asking rent of $2,525 per month, an average square footage of 587 square feet, and an asking rate of $4.32 per square foot across a small selection sample. The 2-Bedroom + Den tier comprises 1 listing representing a 33.3 percent share, asking an average and median rent of $3,200 per month across 748 square feet at $4.28 per square foot.

Parade 2 - South Tower & Podium exhibits a minimum entry rent of $2,500 per month and a peak asking rent of $3,200 per month, creating a dollar spread of $700 and a percentage spread of 28 percent. The median asking rent stands at $2,550 per month. The entry-level option consists of a 1-Bedroom + Den suite spanning 550 square feet at an asking rate of $4.55 per square foot, contrasted against the peak 2-Bedroom + Den suite spanning 748 square feet at an asking rate of $4.28 per square foot.

Parade 2 - South Tower & Podium features unquantified den dimensions across current active floor plans, meaning active den premiums and square footage deltas cannot be isolated. Active parking stall costs cannot be reliably isolated due to insufficient paired sample data, precluding the calculation of standard vehicular accommodation fees.

Parade 2 - South Tower & Podium asks an average rent of $2,750 per month at $4.31 per square foot, comparing favorably to the CityPlace / Fort York submarket asking benchmark of $3,101 per month at $4.58 per square foot. The lower nominal monthly rent is driven by more compact suite sizing rather than cheaper unit pricing. The building achieves an asking rate per square foot that sits below the submarket benchmark while representing a small share of the 148 total active submarket listings.

Parade 2 - South Tower & Podium realizes an average lease rent of $2,839 per month, comparing against an overall comp average of $2,516 per month across key benchmarks including Parade 2 - North Tower, Spectra, Parade 1 - North Tower, and Library District. Parade 2 - North Tower (21 Iceboat Terr) registers an average lease rent of $2,495 per month at $3.96 per square foot across an average of 638 square feet. Spectra (85 Queens Wharf Rd) records an average lease rent of $2,581 per month at $4.13 per square foot across 643 square feet. Parade 1 - North Tower (15 Iceboat Terr) posts an average lease rent of $2,556 per month at $4.25 per square foot across 617 square feet. Library District (170 Fort York Blvd) averages $2,431 per month at $4.88 per square foot across a more compact 511 square feet.

Parade 2 - South Tower & Podium establishes its value proposition by offering an average lease rate of $3.77 per square foot across an expansive 757 square feet, undercutting the submarket asking benchmark of $4.58 per square foot and trading at a discount to nearby alternatives. Renters evaluating Parade 2 - South Tower & Podium against Library District trade away ultra-compact layouts (511 square feet at $4.88 per square foot) for substantially larger footprints (757 square feet) at a lower relative rate per square foot. Similarly, compared to Parade 1 - North Tower at $4.25 per square foot across 617 square feet, or Spectra at $4.13 per square foot across 643 square feet, the subject property provides superior interior volume and larger living quarters. This structural dynamic benefits tenants seeking maximum square footage per dollar in CityPlace / Fort York without absorbing the higher per-square-foot burdens seen in smaller, dense peer floor plans.

Parade 2 - South Tower & Podium delivers a robust lifestyle and amenity package featuring a 24/7 concierge and security team, a fully equipped gym and fitness centre, an indoor pool with a hot tub and jacuzzi, a dedicated yoga studio, and an on-site pet wash station. When contrasted with competing properties, the subject building matches or exceeds peer offerings: Parade 2 - North Tower (21 Iceboat Terr) features a similar pool and fitness circuit alongside a rooftop terrace and BBQ area; Spectra (85 Queens Wharf Rd) includes a spin studio, basketball court, and outdoor tai chi deck; Parade 1 - North Tower (15 Iceboat Terr) adds tennis, pickleball, and squash courts; and Library District (170 Fort York Blvd) provides a streamlined selection centered on a gym, sauna, party room, and rooftop terrace. This comprehensive recreational infrastructure particularly serves urban professionals, fitness enthusiasts, and pet owners desiring full-service condominium living within a central downtown node.