Design Haus — Rental Market Data

Design Haus at 181 Huron Street realizes an average lease rent of $3,276 per month, which is $382 (13.2 percent) above the overall comp benchmark of $2,894 and $243 above the Downtown West submarket average of $3,033. Theory at 203 College Street (0.2 km, 47 closed leases) averages $3,457 per month at $5.56 per square foot across 626 square feet, placing the subject $181 per month below that figure. Design Haus at 231 College Street (0.02 km, 2 closed leases) averages $2,675 per month at $2.82 per square foot over 950 square feet, meaning the subject commands $601 more per month. 8 Oxford Condominiums at 8 Oxford Street (0.23 km, 1 closed lease) averages $2,550 per month at $3.40 per square foot across 750 square feet, with the subject trading $726 higher. Waverley at 484 Spadina Avenue (0.21 km) recorded zero closed leases in the trailing 180 days and therefore offers no realized rent benchmark for direct comparison.

Design Haus at 181 Huron Street leases at $5.70 per square foot across an average 591-square-foot suite, a rate 25 percent above the Downtown West submarket benchmark of $4.55 per square foot and a footprint roughly 24 percent smaller than the submarket implied average of 640 square feet. Against Theory (0.2 km, 47 closed leases), the subject trades at a $0.14 per square foot (2.5 percent) premium while providing 35 fewer interior square feet; the $181-per-month lower nominal rent is driven entirely by the smaller interior footprint rather than a weaker per-square-foot valuation. Versus Design Haus at 231 College Street (0.02 km, 2 closed leases), the subject commands a $2.88 per square foot (102.1 percent) premium yet delivers 359 fewer square feet, so the $601 higher monthly rent reflects both a steeper rate and a meaningfully compact layout. Against 8 Oxford Condominiums (0.23 km, 1 closed lease), the subject carries a $2.30 per square foot (67.6 percent) premium with 159 fewer square feet, producing a $726 higher monthly figure that blends a higher rate with a smaller suite. Waverley at 484 Spadina Avenue recorded zero lease transactions over the trailing 180 days and cannot serve as an active per-square-foot or size benchmark.

Design Haus at 181 Huron Street offers an eight-feature lifestyle package including a gym and fitness centre, sauna and steam room, rooftop terrace with BBQ area, meeting room, party and lounge room, shared laundry room, and concierge with security. Compared with Theory (0.2 km), the subject adds a dedicated sauna and steam room plus a shared laundry room that Theory does not list, while Theory counters with a media and theatre room, games and billiards room, library and reading room, and dining room and kitchen absent from the subject. Against Waverley (0.21 km, zero recent leases), the subject lacks an outdoor pool, yoga studio, spin studio, EV charging station, pet wash station, business centre, garden and courtyard, and luxury car share—features that position Waverley as a full-service wellness and lifestyle destination. Versus 8 Oxford Condominiums (0.23 km), the subject layers on a sauna and steam room and a meeting room beyond that building's five-feature set. The package best serves young professional renters in the Downtown West pocket who prioritize on-site fitness, wellness recovery, and casual social space without the premium cost of a resort-style amenity suite.