The Avenue — Rental Market Data

The Avenue features 1 active listing as of August 31, 2026, commanding a price range of $18,000 per month with an average and median asking rent of $18,000 per month. The active inventory averages 2,875 square feet at an asking rate of $6.26 per square foot. Large-format 3-Bedroom+ suites comprise 100 percent of current active inventory, reflecting an exclusive focus on multi-bedroom executive layouts rather than compact entry-level suites.

The 3-Bedroom+ suite represents the dominant active layout at The Avenue, accounting for 1 active listing and a 100 percent inventory share. This single active tier features an average asking rent of $18,000 per month, an average size of 2,875 square feet, and an asking rate of $6.26 per square foot. There are zero active listings available across other bedroom counts.

The Avenue records a minimum entry rent of $18,000 per month and a peak asking rent of $18,000 per month, resulting in a dollar spread of $0 and an asking spread percentage of 0. The median asking rent matches the baseline at $18,000 per month. The entry-level 3-Bedroom+ suite measures 2,875 square feet and asks $6.26 per square foot, identical to the peak suite specifications.

The Avenue records a null active den premium dollar amount and a null square footage delta, leaving the marginal cost per square foot unquantified due to the absence of den-specific inventory splits. Active parking premium data cannot be reliably isolated from current listings due to an insufficient paired sample.

The Avenue asks an average monthly rent of $18,000 per month at $6.26 per square foot, sitting above the South Midtown submarket asking average of $4,012 per month while exceeding submarket asking rates on a per square foot basis by 34.9 percent. Nominal monthly rent variances are driven by exceptionally large suite footprints averaging 2,875 square feet compared to broader submarket norms. The building represents 1.9 percent of total active submarket inventory, anchored by its 73 total suites.

The Avenue achieves an average lease rent of $8,800 per month, comparing against an overall competitive set average of $7,647 per month across key benchmarks including Blue at Imperial Plaza, One Forest Hill, and Forest Hill Private Residences. Individual competitor performance includes Blue at Imperial Plaza at 99 Foxbar Rd with an average lease rent of $2,308 per month at $4.31 per square foot across an average of 543 square feet, One Forest Hill at 1 Forest Hill Rd commanding an average lease rent of $8,200 per month at $6.31 per square foot across an average of 1,300 square feet, and Forest Hill Private Residences at 2 Forest Hill Rd reporting an average lease rent of $12,433 per month at $5.84 per square foot across an average of 1,908 square feet.

The Avenue establishes its value proposition by offering an average lease rate of $4.14 per square foot across an average of 2,125 square feet, delivering a more economical rate per square foot than most immediate modern alternatives in the submarket. Renters at The Avenue trade away the hyper-compact footprints found in 2022-built towers like Blue at Imperial Plaza (which averages 543 square feet at $4.31 per square foot) in exchange for sprawling, house-sized layouts that rival ultra-luxury new constructions such as Forest Hill Private Residences (which averages 1,908 square feet at $5.84 per square foot). By securing larger living spaces at a lower cost per square foot than premium peers like One Forest Hill (which commands $6.31 per square foot across 1,300 square feet), residents gain substantial interior volume without paying the peak square footage premiums attached to brand-new inventory.

The Avenue delivers an extensive, resort-style amenity package that matches the high-end wellness and social offerings found across South Midtown's premier residential towers. Signature amenities at The Avenue include concierge and security, an indoor pool, a fully equipped gym and fitness centre, a dedicated yoga studio, a relaxing sauna and steam room, and a convenient car wash bay. When contrasted with nearby competitors, The Avenue matches or exceeds traditional offerings: 2 Lynwood features an indoor pool and gym facilities but lacks dedicated yoga and vehicle care spaces, while Blue at Imperial Plaza incorporates niche active zones like a squash court, golf simulator, and spin studio alongside its indoor pool. Furthermore, One Forest Hill and Forest Hill Private Residences emphasize boutique outdoor terraces, wine storage, and private dining spaces, whereas The Avenue focuses heavily on comprehensive hydrotherapy and wellness features. This lifestyle profile exceptionally serves established professionals, downsizers, and families seeking comprehensive wellness and building-managed security without relocating to raw new-build construction.