Element — Rental Market Data

Element features 10 active listings as of August 31, 2026, offering a price range spanning from $3,400 to $11,500 per month with an average asking rent of $4,840 per month and a median asking rent of $3,950 per month. Available suites average 860 square feet at an asking rate of $5.52 per square foot. One-bedroom layouts dominate the active inventory with a 50 percent share, indicating that current listings balance compact entry-level options with spacious multi-bedroom suites.

The dominant active layout at Element is the 1-Bedroom tier, accounting for 5 active listings and a 50 percent share of current inventory. One-bedroom suites average $3,400 per month across an average of 620 square feet at an asking rate of $5.48 per square foot. Meanwhile, the 3-Bedroom+ tier comprises 4 active listings representing a 40 percent share, averaging $4,974 per month across 974 square feet at $5.15 per square foot, and the 2-Bedroom + Den tier consists of 1 active listing representing a 10 percent share, averaging $11,500 per month across 1,600 square feet at $7.19 per square foot.

Element presents a minimum entry rent of $3,400 per month and a peak asking rent of $11,500 per month, creating a dollar spread of $8,100 per month and a percentage spread of 238.2 percent. The median asking rent sits at $3,950 per month. Entry-level availability is anchored by 1-Bedroom suites averaging 620 square feet at an asking rate of $5.48 per square foot, while the peak tier is defined by a 2-Bedroom + Den configuration encompassing 1,600 square feet at an asking rate of $7.19 per square foot.

Active den premium metrics for Element cannot be quantified as active den square footage deltas and marginal price differences are currently null. Active parking premium data is unreliable and cannot be isolated from current listings due to an insufficient sample, though verified historical leases demonstrate a parking premium of $133 per month.

Element asks an average rent of $4,840 per month at $5.52 per square foot, comparing to the Entertainment District submarket asking benchmark of $3,542 per month at $5.53 per square foot. The higher nominal monthly asking rent is driven by larger suite sizing rather than inflated unit pricing, with the building's asking rate per square foot tracking 0.2 percent below the broader submarket asking benchmark across 10 active listings.

Element achieves an average lease rent of $2,825 per month, trading slightly above the overall comparable micro-market average of $2,723 per month while remaining competitive against specific benchmark towers. Fly Condominiums at 352 Front St W records an average lease rent of $2,561 per month at $4.28 per square foot across an average of 607 square feet. Cityplace Matrix A at 361 Front St W reports an average lease rent of $2,861 per month at $4.05 per square foot across an average of 715 square feet. Cityplace Matrix B at 373 Front St W commands an average lease rent of $2,987 per month at $4.50 per square foot across an average of 686 square feet. Soho Grand II at 350 Wellington St W logs an average lease rent of $2,483 per month at $4.00 per square foot across an average of 627 square feet.

Element defines its value proposition by offering an average leased rate of $3.82 per square foot across a generous average footprint of 745 square feet, undercutting the broader submarket average lease rate of $4.52 per square foot. Renters at Element secure larger interior footprints compared to nearby alternatives like Fly Condominiums at 607 square feet ($4.28 per square foot) and Soho Grand II at 627 square feet ($4.00 per square foot). This configuration allows tenants to benefit from lower relative rates per square foot than Cityplace Matrix B at $4.50 per square foot and Cityplace Matrix A at $4.05 per square foot, trading off ultra-modern finishes for substantial living space and practical layout efficiency.

Element delivers an extensive lifestyle and amenity package that stands on par with or exceeds the offerings found in surrounding Entertainment District towers. Signature amenities at Element include an indoor pool, a hot tub and jacuzzi, a sauna and steam room, a yoga studio, and a rooftop terrace, providing a comprehensive wellness and recreation suite that rivals the garden courtyards and basic fitness rooms found at Fly Condominiums and Soho Grand II. While buildings like Cityplace Matrix B feature specialized spaces such as reflecting ponds and kids' play rooms, Element focuses heavily on traditional upscale urban living with dedicated media and games rooms, a full dining room and kitchen, and extensive gym facilities. This robust amenity profile particularly serves downtown professionals and couples seeking active, resort-style downtown living without relocating to newer, higher-priced towers.