Pace — Rental Market Data

Pace features 3 active listings as of August 31, 2026, offering a price range of $2,150 to $2,700 per month with an average asking rent of $2,383 per month and a median asking rent of $2,300 per month. Active suites average 600 square feet at an asking rate of $3.98 per square foot. 1-bedroom units dominate the active inventory with a 66.7 percent share, indicating that current availability leans toward compact entry-level suites rather than multi-bedroom executive layouts.

1-Bedroom suites dominate the active inventory at Pace with 2 listings representing a 66.7 percent share of available units. These 1-bedroom units command an average asking rent of $2,225 per month across an average size of 550 square feet at a rate of $4.05 per square foot. The remaining active inventory consists of a single 2-bedroom listing, representing a 33.3 percent share with an asking rent of $2,700 per month across 700 square feet at a rate of $3.86 per square foot.

Pace presents a minimum entry rent of $2,150 per month and a peak asking rent of $2,700 per month, creating a dollar spread of $550 and a percentage spread of 25.6 percent. The median asking rent stands at $2,300 per month. The entry-level option consists of a 1-bedroom suite spanning 550 square feet at an asking rate of $3.91 per square foot, while the peak suite is a 2-bedroom layout spanning 700 square feet at an asking rate of $3.86 per square foot.

Pace has no active den premium data available, as den square footage deltas and marginal price per square foot figures are null. Active parking premium data cannot be reliably isolated due to an anomalous outlier or insufficient paired sample. Prospective tenants should verify parking stall availability and associated monthly fees directly with management.

Pace asks an average rent of $2,383 per month at $3.98 per square foot, trailing the Downtown East submarket asking averages of $2,636 per month and $4.36 per square foot. The lower nominal monthly outlay is driven by more compact suite sizing rather than cheaper unit pricing. The building's asking rate per square foot sits 8.7 percent below the submarket asking benchmark, backed by 3 active listings representing 1.6 percent of the submarket's 192 active units.

Pace achieves an average all-time lease rent of $2,557 per month (and $2,538 per month over the past 90 days), comparing against an overall comp average of $2,365 per month across benchmark properties including Grid Condos, Max Condos, Dundas Square Gardens, and Ivy Condos. Grid Condos (181 Dundas St E) reports an average lease rent of $2,294 per month at $4.13 per square foot across an average of 563 square feet. Max Condos (77 Mutual St) records an average lease rent of $2,403 per month at $4.33 per square foot across 567 square feet. Dundas Square Gardens (251 Jarvis St) averages $2,166 per month at $4.28 per square foot across 511 square feet. Ivy Condos (65 Mutual St) commands an average lease rent of $2,596 per month at $4.24 per square foot across an average of 624 square feet.

Pace establishes its value proposition by offering an average lease rate of $3.93 per square foot across an average footprint of 653 square feet, trading at a discount per square foot relative to the micro-market comp average of $4.25 per square foot and the broader submarket asking benchmark of $4.36 per square foot. Renters at the subject building trade newer completion dates for significantly larger living spaces—providing 653 square feet compared to Grid Condos' 563 square feet ($4.13 per square foot), Max Condos' 567 square feet ($4.33 per square foot), Dundas Square Gardens' 511 square feet ($4.28 per square foot), and Ivy Condos' 624 square feet ($4.24 per square foot). This configuration grants incoming tenants substantially more interior square footage without carrying the heavier square-foot cost burdens seen in newer, more compact competitor towers.

Pace provides a comprehensive lifestyle and amenity package that stands competitively against newer builds in the immediate Downtown East node. The building features signature amenities including a concierge and security service, a gym and fitness centre, a yoga studio, an outdoor pool, and a rooftop terrace with BBQ areas. When contrasted with nearby peers, the subject building matches or exceeds offerings such as Grid Condos' pet wash station and spin studio, Max Condos' business centre and games room, Dundas Square Gardens' shared laundry and hot tub facilities, and Ivy Condos' EV charging stations and bike repair shop. This robust amenity profile caters exceptionally well to downtown professionals and urban renters seeking resort-style outdoor space and fitness amenities combined with larger floor plans.