Cinema Tower — Rental Market Data

Cinema Tower at 21 Widmer Street carries seven active listings as of August 31, 2026, with asking rents ranging from $2,200 to $2,950 per month, an average of $2,700, and a median of $2,700. The average suite measures 601 square feet at an asking rate of $4.55 per square foot. One-bedroom units and one-bedroom-plus-den units each account for 42.9 percent of active inventory, while the single studio represents 14.3 percent, meaning the available mix leans toward mid-size one-bedroom layouts rather than compact entry-level suites or multi-bedroom executive plans.

One-bedroom units and one-bedroom-plus-den units are co-dominant at Cinema Tower, each holding three of the seven active listings for a 42.9 percent share. One-bedroom suites average $2,717 per month across 606 square feet at $4.50 per square foot, while one-bedroom-plus-den units average $2,850 per month across 664 square feet at $4.29 per square foot. The single studio listing rents for $2,200 per month at 400 square feet and $5.50 per square foot, making it the most compact and highest per-square-foot option in the current inventory.

Cinema Tower's active asking rents span from $2,200 to $2,950 per month, a dollar spread of $750 or 34.1 percent. The median asking rent sits at $2,700 per month, anchoring the mid-range of the available inventory. The entry-level option is a 400-square-foot studio at $5.50 per square foot, while the peak listing is a 650-square-foot one-bedroom at $4.54 per square foot, illustrating that the higher-priced unit delivers substantially more living area at a lower per-square-foot rate.

Cinema Tower's active den premium is $133 per month for an additional 58 square feet of space, translating to a marginal cost of $2.29 per square foot for the extra den area. Verified active parking stalls carry a $350 per month add-on, while historical leases established a parking benchmark of $179 per month, suggesting that current parking pricing reflects a premium above the building's prior leasing standard.

Cinema Tower's active asking rent of $2,700 per month and $4.55 per square foot compare favorably against the Entertainment District submarket asking benchmark of $3,542 per month and $5.53 per square foot. The building's 17.7 percent discount on a per-square-foot basis means renters pay meaningfully less for each square foot than the neighborhood average, and the lower nominal monthly rent is reinforced by competitive unit pricing rather than being driven solely by compact suite sizing. Cinema Tower's seven active listings represent approximately 4.6 percent of the 153 total active listings across the Entertainment District submarket.

Cinema Tower's average realized lease rent of $2,758 per month sits $209 below the four-comparable average of $2,967, placing it at a competitive price point within the Entertainment District micro-market. Encore at Theatre District at 28 Widmer St (50 metres away) closed leases averaging $2,964 per month at $4.29 per square foot across 710-square-foot suites, while Theatre District at 8 Widmer St (also 50 metres) averaged $2,440 per month at $4.64 per square foot over 532-square-foot units. On Adelaide at 295 Adelaide St W (60 metres) recorded an average of $3,103 per month at $4.82 per square foot for 666-square-foot suites, and Festival Tower at 80 John St (70 metres) commanded the highest benchmark at $3,359 per month, $5.07 per square foot, and 679 square feet on average.

Cinema Tower delivers a leased rate of $4.30 per square foot across an average 644-square-foot suite, positioning it below the submarket lease benchmark of $4.52 per square foot and offering a more competitive per-foot price than three of its four direct competitors. Compared with Theatre District at 8 Widmer St, the subject provides 112 more interior square feet at a $0.34-per-square-foot discount, giving renters meaningfully more living area for less per-foot cost. Against on Adelaide (666 square feet at $4.82 per square foot) and Festival Tower (679 square feet at $5.07 per square foot), Cinema Tower's suites are 22 and 35 square feet smaller respectively, yet the per-foot rate is $0.52 and $0.77 lower, so the total monthly outlay remains more affordable despite the modest footprint difference. The one exception is Encore at Theatre District, where the subject's 644-square-foot average is 66 square feet smaller than the comp's 710-square-foot units and the per-foot rate is a negligible $0.01 higher—essentially a wash on value.

Cinema Tower's amenity profile leans toward tech-forward convenience and active recreation, distinguishing it from the pool-and-wellness packages that dominate its 2024-era competitors. The building's dedicated Business Centre is absent from all four nearby comparables, giving remote workers and small-business tenants a private, bookable workspace that Encore at Theatre District, Theatre District, on Adelaide, and Festival Tower do not offer. An EV Charging Station on-site sets Cinema Tower apart from every one of these four competitors, catering directly to the growing share of renters who drive electric vehicles. The Basketball Court provides a full-court indoor sports option that Encore at Theatre District and Festival Tower lack, while the Car Share Program mirrors a similar offering only at Festival Tower and is unavailable at the other three. In exchange for these differentiators, Cinema Tower does not include the indoor pools, outdoor pools, yoga studios, or pet wash stations found at Encore at Theatre District, Theatre District, and on Adelaide—a trade-off that suits young professionals and tech-sector renters who value a functional business centre, EV infrastructure, and active court space over resort-style leisure facilities.