WestBend Residences — Rental Market Data

WestBend Residences recorded a 30-day average days on market of 28 days and a 90-day average days on market of 34 days, compared against a submarket benchmark of 25 days. Closed lease counts tracked 3 leases over the last 30 days, 19 leases over the past 90 days, and 45 lifetime transactions. Leasing velocity moderated through the summer following peak spring turnover.

WestBend Residences transactions settled with an average discount of $98 per month, representing a 3.5% reduction from asking and providing tenants with $1,176 in annual savings. Approximately 66.7% of leases closed under asking, reflecting tenant-favorable market leverage and landlord concessions during negotiations.

The two highest-volume anchor layouts at WestBend Residences are 1-Bedroom suites averaging $2,104 per month over 23 days on market, and 1-Bedroom + Den suites averaging $2,473 per month over 28 days on market. For 1-Bedroom suites, the closed count is 18, the average rent is $2,104 per month, the median rent is $2,100 per month, the P25-P75 range spans $2,012 to $2,138 per month, the average size is 534 square feet, the rate is $3.97 per square foot, and average days on market is 23. For 1-Bedroom + Den suites, the closed count is 16, the average rent is $2,473 per month, the median rent is $2,425 per month, the P25-P75 range spans $2,338 to $2,562 per month, the average size is 636 square feet, the rate is $3.90 per square foot, and average days on market is 28. For 3-Bedroom+ suites, representing a moderate sample of 7 closed leases, the average rent is $3,750 per month, the median rent is $4,150 per month, the P25-P75 range spans $3,175 to $4,275 per month, the average size is 986 square feet, the rate is $3.87 per square foot, and average days on market is 37. For 2-Bedroom suites, representing a small sample of 4 closed leases, the average rent is $3,063 per month, the median rent is $3,000 per month, the P25-P75 range spans $2,800 to $3,262 per month, the average size is 741 square feet, the rate is $4.15 per square foot, and average days on market is 34.

WestBend Residences parking premium data is inconclusive due to insufficient paired data across closed lease files. Suite bundling patterns indicate parking is frequently managed separately or not explicitly itemized in standard lease agreements. Active asking parking rates contain insufficient paired samples to isolate reliable standalone premiums.

WestBend Residences overall rent per month trajectory moved from spring initial occupancy highs into moderate late-summer adjustments. In April 2026, 5 deals closed at an average rent of $2,130 per month, $3.87 per square foot, and 13 days on market. In May 2026, 21 deals closed at an average rent of $2,579 per month, $4.08 per square foot, and 26 days on market. In June 2026, 8 deals closed at an average rent of $2,559 per month, $3.65 per square foot, and 39 days on market. In July 2026, 8 deals closed at an average rent of $2,909 per month, $3.81 per square foot, and 31 days on market. In August 2026, 3 deals closed at an average rent of $2,467 per month, $4.23 per square foot, and 28 days on market.