Residences of Avondale I — Rental Market Data

Residences of Avondale I recorded a 30-day average days on market of 12 days, a 90-day average days on market of 21 days, and compares against a submarket benchmark days on market of 25 days. Leasing velocity shifted over the summer months, recording 2 closed leases in the last 30 days, 7 closed leases over the trailing 90 days, and a lifetime total of 10 closed leases, reflecting consistent rental turnover as activity picked up through mid-year.

Residences of Avondale I transactions closed at an average monthly discount of $25 per month, which represents a 1.04% reduction from asking prices and creates annual tenant savings of $300 per year. Exactly 40.0% of leases closed under asking price, while remaining transactions met full asking terms, reinforcing modest tenant leverage during negotiations.

The two highest-volume anchor layouts at Residences of Avondale I are 1-Bedroom suites with an average monthly rent of $2,220 per month and an average days on market of 14, and 2-Bedroom suites with an average monthly rent of $2,950 per month and an average days on market of 32. For the 1-Bedroom tier, there is a moderate sample of 5 closed leases achieving an average rent of $2,220 per month, a median rent of $2,200 per month, a P25-P75 range of $2,200 to $2,250 per month, an average size of 550 square feet, and $4.04 per square foot. For the 2-Bedroom tier, there is a limited sample of 3 closed leases achieving an average rent of $2,950 per month, a median rent of $2,950 per month, a P25-P75 range of $2,925 to $2,975 per month, an average size of 817 square feet, and $3.62 per square foot. For the 1-Bedroom + Den tier, there is a limited sample of 2 closed leases averaging $2,375 per month with a median rent of $2,375 per month, a P25-P75 range of $2,362 to $2,388 per month, an average size of 650 square feet, $3.65 per square foot, and an average days on market of 18.

Residences of Avondale I recorded insufficient paired data to isolate a specific realized leased parking premium per month. Suite bundling patterns indicate that vehicle parking is frequently included within larger multi-bedroom floor plans rather than itemized as a separate line-item charge. Active asking parking rates remain inconclusive due to insufficient paired samples across current unrented inventory.

Residences of Avondale I demonstrated steady rent appreciation across the tracked monthly timeline from spring through late summer. In May 2026, 2 units closed with an average rent of $2,175 per month at $3.95 per square foot and 14 days on market. In June 2026, 5 units closed with an average rent of $2,690 per month at $3.71 per square foot and 29 days on market. In July 2026, 1 unit closed at $2,200 per month at $4.00 per square foot and 6 days on market. In August 2026, 2 units closed with an average rent of $2,350 per month at $3.94 per square foot and 12 days on market.