Pantages Tower — Rental Market Data

Pantages Tower has three units actively listed as of August 31, 2026, spanning a price range of $1,600 to $2,600 per month with an average asking rent of $2,133 and a median of $2,200. The average suite size across active listings is 750 square feet at an asking rate of $3.47 per square foot. Each bedroom tier—studio, one-bedroom, and one-bedroom plus den—represents a single listing at 33.3 percent share, so the inventory is evenly split rather than leaning toward compact entry-level or multi-bedroom executive layouts.

No single layout dominates Pantages Tower's active inventory, as all three tiers—studio, one-bedroom, and one-bedroom plus den—hold exactly one listing each at 33.3 percent share. The studio asks $2,200 per month for 400 square feet at $5.50 per square foot, the one-bedroom lists at $1,600 for 1,100 square feet at $1.45 per square foot, and the one-bedroom plus den is priced at $2,600 for 750 square feet at $3.47 per square foot. Each tier is a single transaction, so no layout category offers a comparative sample for renters evaluating value within a bedroom type.

Pantages Tower's active asking rents range from a minimum of $1,600 to a peak of $2,600 per month, producing a dollar spread of $1,000 and a percentage spread of 62.5 percent. The median asking rent sits at $2,200 per month. The entry-level suite is a one-bedroom at 1,100 square feet priced at $1.45 per square foot, while the peak listing is a one-bedroom plus den at 750 square feet carrying a rate of $3.47 per square foot.

Pantages Tower's active den premium is quantified at $1,000 per month, with the one-bedroom plus den suite measuring 350 square feet less than the comparable one-bedroom layout. The marginal cost per square foot for the additional den space cannot be reliably calculated from the current single-transaction sample. Active parking stall premiums cannot be reliably isolated due to insufficient paired data or anomalous outliers in the available records.

Pantages Tower's average active asking rent of $2,133 per month at $3.47 per square foot compares to the Downtown Core submarket asking benchmark of $3,471 per month at $4.56 per square foot. The building's rate per square foot is 23.9 percent below the submarket asking benchmark, a gap that reflects both the building's 2004 construction and the compact suite sizing present in the active listings. Pantages Tower holds three out of 224 available listings in the Downtown Core submarket, representing a 1.3 percent share of total active inventory.

Pantages Tower's average realized lease rent of $2,740 per month sits $347 above the four-comp benchmark of $2,393, with the spread driven by the building's larger average suite size rather than a higher per-square-foot rate. Pantages Hotel Condo Suites at 200 Victoria St (0.02 km, 4 closed leases) averaged $1,938 per month at $4.28 per square foot across 463 square feet, meaning the subject commands $802 more in monthly rent. Opus Pantages at 220 Victoria St (0.02 km, 10 closed leases) averaged $2,900 per month at $3.71 per square foot across 807 square feet, placing the subject $160 below that competitor. Massey Tower at 197 Yonge St (0.12 km, 73 closed leases) averaged $2,431 per month at $4.23 per square foot across 584 square feet, with the subject $309 higher. Two Fifty Two Church at 252 Church St (0.21 km, 104 closed leases) averaged $2,301 per month at $4.60 per square foot across 510 square feet, with the subject $439 higher. All four competitors recorded active closed lease transactions, so each provides a realized rent benchmark rather than an architectural reference only.

Pantages Tower leases at $3.95 per square foot across 744 square feet, a rate that undercuts three of four nearby competitors on a per-square-foot basis while delivering more interior space than three of them. Against Pantages Hotel Condo Suites, the subject trades at a $0.33 per square foot (7.7%) discount and provides 281 more interior square feet, so the higher nominal rent is entirely a function of the larger footprint rather than a premium valuation. Versus Opus Pantages, the subject commands a $0.24 per square foot (6.5%) premium but provides 63 fewer interior square feet, meaning the lower monthly rent here reflects the smaller suite size rather than a weaker asset position. Against Massey Tower, the subject offers a $0.28 per square foot (6.6%) discount with 160 more square feet, and against Two Fifty Two Church, a $0.65 per square foot (14.1%) discount with 234 more square feet. In every case where the subject's nominal rent exceeds a competitor's, the variance is explained by the additional interior area the tenant receives, not by a higher per-square-foot charge.

Pantages Tower's amenity package—anchored by an indoor pool, sauna and steam room, gym and fitness centre, rooftop terrace, games and billiards room, business centre, meeting room, party and lounge room, and concierge with security—positions it as a full-service residential building that outperforms two of its four competitors on lifestyle breadth. The indoor pool is the single most differentiating feature in this cluster: none of the four comparables offer one, giving Pantages Tower a distinct aquatic and wellness edge over Opus Pantages, Massey Tower, and Two Fifty Two Church. The sauna and steam room match Massey Tower's offering and approximate Pantages Hotel Condo Suites' spa facilities, but are absent from both Opus Pantages and Two Fifty Two Church. Conversely, Two Fifty Two Church differentiates with a golf simulator, dog run, pet wash station, and tanning deck—features the subject does not carry—while Massey Tower adds a yoga studio, spin studio, rain room, and juice bar. The subject's combination of pool access, sauna, gym, and business centre best serves wellness-oriented professionals and small households who prioritize resort-style recreation and remote-work infrastructure without paying the 2019-to-2025 build premium.