The Wyatt — Rental Market Data

At The Wyatt, 30-day leasing velocity registered a 32-day average days on market across 2 closed leases, while 90-day transactions moved at a 28-day average across 12 closed leases, compared against a Downtown East submarket benchmark of 24 days. Leasing volume across the lifetime portfolio stands at 17 closed leases, demonstrating steady rental turnover that moderated slightly over the late summer months.

At The Wyatt, transactions settled with an average discount of $42 per month (1.78% below asking), saving tenants $504 per year through landlord concessions. Exactly 41.2% of leases closed under asking price, establishing a tenant-favorable leasing environment where prospective renters exercised pricing leverage.

The two highest-volume anchor layouts at The Wyatt are the 1-Bedroom and 1-Bedroom + Den configurations, which averaged $1,930 per month with a 22-day DOM and $2,420 per month with a 23-day DOM respectively. Representing a moderate sample size of 5 closed leases, the 1-Bedroom tier recorded an average rent of $1,930 per month, a median rent of $2,000 per month, a P25-P75 range of $1,850 to $2,000 per month, an average size of 540 square feet, $3.64 per square foot, and a 22-day DOM. Representing a moderate sample size of 5 closed leases, the 1-Bedroom + Den tier recorded an average rent of $2,420 per month, a median rent of $2,450 per month, a P25-P75 range of $2,450 to $2,500 per month, an average size of 598 square feet, $4.06 per square foot, and a 23-day DOM. Representing a moderate sample size of 5 closed leases, the 2-Bedroom tier recorded an average rent of $2,960 per month, a median rent of $3,000 per month, a P25-P75 range of $2,900 to $3,000 per month, an average size of 747 square feet, $3.97 per square foot, and a 19-day DOM. Representing a small sample size of 2 closed leases, the Studio tier recorded an average rent of $1,800 per month, a median rent of $1,800 per month, a P25-P75 range of $1,800 to $1,800 per month, an average size of 400 square feet, $4.50 per square foot, and a 32-day DOM.

At The Wyatt, realized parking premiums averaged a verified rate of $122 per month for designated parking stalls. Suite leasing patterns indicate that parking stalls are frequently bundled as standard inclusions in larger two-bedroom or multi-room floor plans rather than standalone optional add-ons. Active asking parking data remains inconclusive due to an insufficient sample of standalone stall listings.

At The Wyatt, overall rent trajectory moved through modest fluctuations across the tracked monthly timeline from spring to late summer. April recorded 1 closed deal averaging $2,850 per month at $3.80 per square foot with a 6-day DOM. May saw 4 closed deals averaging $2,200 per month at $3.65 per square foot with a 10-day DOM. June tracked 3 closed deals averaging $2,417 per month at $3.66 per square foot with a 29-day DOM. July captured 7 closed deals averaging $2,271 per month at $4.24 per square foot with a 27-day DOM. August closed out with 2 deals averaging $2,675 per month at $4.14 per square foot with a 32-day DOM.