Market Data as of August 31, 2026
Artist's Alley - East Tower — Rental Market Data
Building Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Developed by Lanterra Developments and completed in 2025 at 238 Simcoe St in the Downtown West neighborhood, Artist's Alley - East Tower contains 364 total suites and maintains 10 active listings representing a 2.7 percent availability rate. Leasing velocity over the past 90 days reached 16 completed transactions averaging 19 days on the market, alongside a 30-day volume of 4 closed transactions averaging 24 days on the market.
Current active listings ask an average of $2,785 per month at $3.48 per square foot across an average footprint of 807 square feet, trailing the realized 90-day leasing averages of $2,736 per month at $4.32 per square foot across 714 square feet. Active listings feature larger average floor plans than historical transactions without altering fundamental pricing health, while the building's active asking rate per square foot sits 27.7 percent below the broader submarket asking benchmark of $4.81 per square foot.
Marketing friction remains low as units spend an average of 17 days on the market before securing a tenant, contrasting sharply with unrented delisted inventory that lingered for an average of 209 days while asking $3,300 per month. Prospective tenants can find deep selection across 1-Bedroom + Den, 2-Bedroom, and 2-Bedroom + Den configurations, whereas 3-Bedroom+ layouts remain severely constrained with only a single active listing.
Get Monthly Rental Market Updates for Artist's Alley - East Tower
Stay ahead of pricing shifts. Monthly summary of closed lease contracts, active asking rates, and available inventory direct to your inbox.
Active Rental Inventory & Asking Rates
Current market availability, asking prices, and unit price histories at Artist's Alley - East Tower as of August 31, 2026 (comparing August 2026 vs July 2026).
Active Market Insights & Questions
How has rental availability changed at Artist's Alley - East Tower recently?
Artist's Alley - East Tower features 10 active listings as of August 31, 2026, with asking prices spanning from $1,550 per month to $4,500 per month and averaging $2,785 per month with a median of $2,600 per month. Active suites average 807 square feet at an asking rate of $3.48 per square foot. Inventory distribution spreads evenly across 1-Bedroom + Den, standard 2-Bedroom, and 2-Bedroom + Den configurations, each commanding a 30 percent share of the active market.
What floor plans and unit layouts are currently available at Artist's Alley - East Tower?
The dominant active layouts at Artist's Alley - East Tower are the 1-Bedroom + Den, 2-Bedroom, and 2-Bedroom + Den configurations, each capturing 3 active listings and a 30 percent inventory share. The 1-Bedroom + Den tier averages $2,467 per month across 617 square feet at $4.02 per square foot, while standard 2-Bedroom units average $1,967 per month across 817 square feet at $2.45 per square foot. Larger 2-Bedroom + Den suites average $3,350 per month across 891 square feet at $3.78 per square foot, complemented by a single 3-Bedroom+ unit asking $4,500 per month across 1,100 square feet at $4.09 per square foot.
What is the average asking rent and $/SF by suite size at Artist's Alley - East Tower?
Artist's Alley - East Tower presents a minimum entry rent of $1,550 per month and a peak asking rent of $4,500 per month, creating a dollar spread of $2,950 per month or 190.3 percent. The median asking rent across the building sits at $2,600 per month. The entry-level option consists of a 2-Bedroom suite spanning 850 square feet at $1.82 per square foot, whereas the peak offering is a 3-Bedroom+ residence spanning 1,100 square feet at $4.09 per square foot.
How much extra do parking spaces and dens cost at Artist's Alley - East Tower?
Active den premium data for Artist's Alley - East Tower cannot be isolated as specific den cost metrics are null in the current leasing dataset. Verified parking stall additions carry an extra cost of $288 per month.
How do asking rents at Artist's Alley - East Tower compare to local and municipal benchmarks?
Artist's Alley - East Tower asks an average of $2,785 per month at $3.48 per square foot, coming in below the Downtown West submarket asking benchmarks of $3,080 per month and $4.81 per square foot. The lower nominal monthly rent is driven by more compact suite sizing rather than cheaper unit pricing, with the building's asking rate per square foot sitting 27.7 percent below submarket asking levels while representing 10 active listings in the area.
Recent Leased Transactions & Contract Prices
Recent lease transactions, absorption velocity, and the difference between landlord asking prices and actual prices agreed to by tenants at Artist's Alley - East Tower (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at Artist's Alley - East Tower last month, and how fast did they rent?
At Artist's Alley - East Tower, the 30-day average days on market is 24 days, compared to 19 days across the 90-day window, tracking slightly above the Downtown West submarket benchmark of 20 days. Closed lease counts moved from 16 transactions in the 90-day window to 4 transactions over the final 30 days, reflecting a moderating leasing velocity as summer concluded. Total lifetime leasing volume reached 33 closed units since initial occupancy.
What is the negotiation spread between asking rents and closed lease prices at Artist's Alley - East Tower?
At Artist's Alley - East Tower, tenants secured an average monthly discount of $34 per month, representing a 0.71% concession below asking and yielding annual tenant savings of $408 per year. Exactly 21.2% of leases closed under asking price, establishing a tenant-favorable leasing environment where landlords absorbed minor pricing concessions.
What are typical executed lease prices across different layouts at Artist's Alley - East Tower?
The two highest-volume anchor layouts at Artist's Alley - East Tower are the 1-Bedroom + Den with an average monthly rent of $2,375 per month over 19 days on market, and the 1-Bedroom with an average monthly rent of $2,218 per month over 26 days on market. The 1-Bedroom + Den tier achieved an average rent of $2,375 per month, a median of $2,350 per month, a P25-P75 range of $2,350 to $2,400 per month, an average size of 631 square feet, $3.78 per square foot, and 19 days on market across a statistically robust sample of 14 closed leases. The 1-Bedroom tier achieved an average rent of $2,218 per month, a median of $2,215 per month, a P25-P75 range of $2,185 to $2,245 per month, an average size of 466 square feet, $4.88 per square foot, and 26 days on market across a moderate sample of 6 closed leases. The 2-Bedroom tier achieved an average rent of $3,020 per month, a median of $3,050 per month, a P25-P75 range of $2,850 to $3,050 per month, an average size of 761 square feet, $3.99 per square foot, and 20 days on market across a statistically robust sample of 5 closed leases. The 3-Bedroom+ tier achieved an average rent of $3,925 per month, a median of $3,900 per month, a P25-P75 range of $3,800 to $4,025 per month, an average size of 1,300 square feet, $3.20 per square foot, and 19 days on market across a limited sample size of 4 closed leases (note that this represents an individual deal rather than a broad statistical benchmark). The 2-Bedroom + Den tier achieved an average rent of $3,300 per month, a median of $3,300 per month, a P25-P75 range of $3,200 to $3,400 per month, an average size of 1,075 square feet, $3.09 per square foot, and 30 days on market across a limited sample size of 2 closed leases. The Studio tier achieved an average rent of $2,088 per month, a median of $2,088 per month, a P25-P75 range of $2,044 to $2,131 per month, an average size of 400 square feet, $5.22 per square foot, and 19 days on market across a limited sample size of 2 closed leases.
What measurable rent premium did suites with parking achieve in closed leases at Artist's Alley - East Tower?
At Artist's Alley - East Tower, historical leased parking data lacked sufficient paired records to isolate standalone stall values. Parking privileges were bundled directly into larger multi-bedroom suite executions or negotiated privately without separate line-item tracking. Active asking listings currently command a verified parking premium of $288 per month.
How does the lease-to-listing ratio at Artist's Alley - East Tower reflect current tenant demand?
At Artist's Alley - East Tower, overall rent trajectories fluctuated between spring and late summer as initial occupancy leasing progressed. In April 2026, 3 deals closed averaging $3,217 per month at $2.84 per square foot over 21 days on market. In May 2026, 14 deals closed averaging $2,479 per month at $3.85 per square foot over 24 days on market. In June 2026, 3 deals closed averaging $2,300 per month at $4.45 per square foot over 14 days on market. In July 2026, 9 deals closed averaging $3,067 per month at $4.13 per square foot over 18 days on market. In August 2026, 4 deals closed averaging $2,319 per month at $4.66 per square foot over 24 days on market.
De-Listed & Terminated Rental Market Dynamics
Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at Artist's Alley - East Tower (Data period: For the month of August 2026).
De-Listed Market Analysis & Questions
How many listings de-listed at Artist's Alley - East Tower, and what was their re-listing price compared to previous asking?
At Artist's Alley - East Tower, 1 total unit was delisted, representing a delisted-to-lifetime-leased ratio of 3.0% and a delisted-to-30-day-leased ratio of 25.0%. This unrented listing consisted entirely of an expired marketing campaign with zero terminated or suspended listings. This translates to roughly 1 unrented listing pulled for every 33 successful leases.
How do asking prices on de-listed suites compare to executed leases and active listings at Artist's Alley - East Tower?
At Artist's Alley - East Tower, unrented units asked an average of $3,300 per month, which is $981 per month above realized lease averages of $2,319 per month. The unrented units were OVERPRICED relative to realized leases, driving pushback on price from prospective tenants, while delivering a lower rate per square foot ($3.47 per square foot versus $4.66 per square foot) due to larger square footage footprints.
What market friction causes rental listings to stall or de-list at Artist's Alley - East Tower?
At Artist's Alley - East Tower, unrented listings lingered on the market for an average of 209 days compared to a realized lease average of 21 days. This excess vacancy carry of 188 days translates to approximately 6 months of lost rental income plus ongoing condo maintenance fees, highlighting the steep carrying costs of overpricing.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/SF), and days on market over time. Use filters below to benchmark specific layouts.
| Date | Units Available | Avg Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-04-27 | 11 | 2766 | 807 | 3.67 | 19 |
| 2026-04-28 | 11 | 2766 | 807 | 3.67 | 20 |
| 2026-04-29 | 10 | 2618 | 697 | 3.81 | 23 |
| 2026-04-30 | 11 | 2662 | 711 | 3.80 | 21 |
| 2026-05-01 | 12 | 2619 | 698 | 3.81 | 21 |
| 2026-05-02 | 12 | 2619 | 698 | 3.81 | 22 |
| 2026-05-03 | 12 | 2619 | 698 | 3.81 | 23 |
| 2026-05-04 | 12 | 2619 | 698 | 3.81 | 24 |
| 2026-05-05 | 12 | 2636 | 694 | 3.86 | 23 |
| 2026-05-06 | 12 | 2636 | 694 | 3.86 | 22 |
| 2026-05-07 | 10 | 2618 | 673 | 3.94 | 25 |
| 2026-05-08 | 10 | 2618 | 673 | 3.94 | 26 |
| 2026-05-09 | 10 | 2618 | 673 | 3.94 | 27 |
| 2026-05-10 | 10 | 2553 | 663 | 3.90 | 26 |
| 2026-05-11 | 11 | 2525 | 652 | 3.92 | 25 |
| 2026-05-12 | 10 | 2560 | 668 | 3.87 | 25 |
| 2026-05-13 | 9 | 2500 | 648 | 3.89 | 28 |
| 2026-05-14 | 9 | 2500 | 648 | 3.89 | 29 |
| 2026-05-15 | 8 | 2519 | 657 | 3.87 | 30 |
| 2026-05-16 | 8 | 2519 | 657 | 3.87 | 31 |
| 2026-05-17 | 8 | 2519 | 657 | 3.87 | 32 |
| 2026-05-18 | 8 | 2519 | 657 | 3.87 | 33 |
| 2026-05-19 | 7 | 2514 | 664 | 3.82 | 37 |
| 2026-05-20 | 4 | 2700 | 725 | 3.77 | 56 |
| 2026-05-21 | 4 | 2700 | 725 | 3.77 | 57 |
| 2026-05-22 | 4 | 2700 | 725 | 3.77 | 58 |
| 2026-05-23 | 3 | 2817 | 750 | 3.82 | 74 |
| 2026-05-24 | 3 | 2817 | 750 | 3.82 | 75 |
| 2026-05-25 | 4 | 2613 | 663 | 4.11 | 57 |
| 2026-05-26 | 4 | 2613 | 663 | 4.11 | 58 |
| 2026-05-27 | 4 | 2613 | 663 | 4.11 | 59 |
| 2026-05-28 | 4 | 2613 | 663 | 4.11 | 60 |
| 2026-05-29 | 3 | 2533 | 633 | 4.22 | 64 |
| 2026-05-30 | 3 | 2533 | 633 | 4.22 | 65 |
| 2026-05-31 | 2 | 2650 | 675 | 4.24 | 62 |
| 2026-06-01 | 4 | 2500 | 638 | 4.08 | 31 |
| 2026-06-02 | 4 | 2500 | 638 | 4.08 | 32 |
| 2026-06-03 | 4 | 2500 | 638 | 4.08 | 33 |
| 2026-06-04 | 4 | 2500 | 638 | 4.08 | 34 |
| 2026-06-05 | 5 | 2430 | 590 | 4.34 | 28 |
| 2026-06-06 | 6 | 2417 | 600 | 4.22 | 24 |
| 2026-06-07 | 6 | 2417 | 600 | 4.22 | 25 |
| 2026-06-08 | 5 | 2450 | 610 | 4.25 | 30 |
| 2026-06-09 | 5 | 2450 | 610 | 4.25 | 31 |
| 2026-06-10 | 4 | 2525 | 663 | 3.96 | 39 |
| 2026-06-11 | 4 | 2525 | 663 | 3.96 | 40 |
| 2026-06-12 | 4 | 2525 | 663 | 3.96 | 41 |
| 2026-06-13 | 4 | 2525 | 663 | 3.96 | 42 |
| 2026-06-14 | 4 | 2525 | 663 | 3.96 | 43 |
| 2026-06-15 | 4 | 2525 | 663 | 3.96 | 44 |
| 2026-06-16 | 5 | 2460 | 610 | 4.27 | 36 |
| 2026-06-17 | 5 | 2460 | 610 | 4.27 | 37 |
| 2026-06-18 | 5 | 2460 | 610 | 4.27 | 38 |
| 2026-06-19 | 5 | 2460 | 610 | 4.27 | 39 |
| 2026-06-20 | 6 | 2750 | 692 | 4.20 | 33 |
| 2026-06-21 | 6 | 2750 | 692 | 4.20 | 34 |
| 2026-06-22 | 6 | 2750 | 692 | 4.20 | 35 |
| 2026-06-23 | 7 | 2714 | 686 | 4.15 | 31 |
| 2026-06-24 | 7 | 2714 | 686 | 4.15 | 32 |
| 2026-06-25 | 7 | 2714 | 686 | 4.15 | 33 |
| 2026-06-26 | 5 | 2870 | 750 | 3.95 | 41 |
| 2026-06-27 | 5 | 2870 | 750 | 3.95 | 42 |
| 2026-06-28 | 5 | 2870 | 750 | 3.95 | 43 |
| 2026-06-29 | 5 | 2870 | 750 | 3.95 | 44 |
| 2026-06-30 | 5 | 2870 | 750 | 3.95 | 45 |
| 2026-07-01 | 4 | 3088 | 838 | 3.69 | 48 |
| 2026-07-02 | 4 | 3088 | 838 | 3.69 | 49 |
| 2026-07-03 | 4 | 3088 | 838 | 3.69 | 50 |
| 2026-07-04 | 4 | 3088 | 838 | 3.69 | 51 |
| 2026-07-05 | 4 | 3088 | 838 | 3.69 | 52 |
| 2026-07-06 | 5 | 3070 | 820 | 3.75 | 42 |
| 2026-07-07 | 5 | 3070 | 820 | 3.75 | 43 |
| 2026-07-08 | 6 | 3192 | 867 | 3.70 | 37 |
| 2026-07-09 | 7 | 3050 | 800 | 3.96 | 33 |
| 2026-07-10 | 6 | 3192 | 867 | 3.70 | 39 |
| 2026-07-11 | 7 | 3236 | 864 | 3.76 | 34 |
| 2026-07-12 | 7 | 3236 | 864 | 3.76 | 35 |
| 2026-07-13 | 6 | 3358 | 900 | 3.75 | 39 |
| 2026-07-14 | 7 | 3221 | 864 | 3.74 | 34 |
| 2026-07-15 | 7 | 3221 | 864 | 3.74 | 35 |
| 2026-07-16 | 8 | 3381 | 894 | 3.78 | 32 |
| 2026-07-17 | 7 | 3364 | 900 | 3.74 | 37 |
| 2026-07-18 | 7 | 3364 | 900 | 3.74 | 38 |
| 2026-07-19 | 7 | 3364 | 900 | 3.74 | 39 |
| 2026-07-20 | 7 | 3364 | 900 | 3.74 | 40 |
| 2026-07-21 | 7 | 3364 | 900 | 3.74 | 41 |
| 2026-07-22 | 6 | 3425 | 925 | 3.69 | 46 |
| 2026-07-23 | 6 | 3425 | 925 | 3.69 | 47 |
| 2026-07-24 | 6 | 3425 | 925 | 3.69 | 48 |
| 2026-07-25 | 5 | 3350 | 890 | 3.74 | 55 |
| 2026-07-26 | 6 | 3050 | 883 | 3.42 | 47 |
| 2026-07-27 | 5 | 2840 | 840 | 3.37 | 47 |
| 2026-07-28 | 5 | 2420 | 750 | 3.29 | 46 |
| 2026-07-29 | 5 | 2420 | 750 | 3.29 | 47 |
| 2026-07-30 | 5 | 2420 | 750 | 3.29 | 48 |
| 2026-07-31 | 5 | 2420 | 750 | 3.29 | 49 |
| 2026-08-01 | 5 | 2420 | 750 | 3.29 | 50 |
| 2026-08-02 | 5 | 2420 | 750 | 3.29 | 51 |
| 2026-08-03 | 6 | 2467 | 750 | 3.34 | 43 |
| 2026-08-04 | 5 | 2490 | 770 | 3.29 | 41 |
| 2026-08-05 | 6 | 2467 | 708 | 3.72 | 35 |
| 2026-08-06 | 7 | 2414 | 664 | 3.94 | 31 |
| 2026-08-07 | 6 | 2467 | 708 | 3.72 | 37 |
| 2026-08-08 | 7 | 2593 | 730 | 3.74 | 33 |
| 2026-08-09 | 7 | 2593 | 730 | 3.74 | 34 |
| 2026-08-10 | 7 | 2593 | 730 | 3.74 | 35 |
| 2026-08-11 | 7 | 2593 | 730 | 3.74 | 36 |
| 2026-08-12 | 7 | 2593 | 730 | 3.74 | 37 |
| 2026-08-13 | 6 | 2625 | 743 | 3.75 | 42 |
| 2026-08-14 | 6 | 2625 | 743 | 3.75 | 43 |
| 2026-08-15 | 6 | 2625 | 743 | 3.75 | 44 |
| 2026-08-16 | 7 | 2486 | 759 | 3.49 | 38 |
| 2026-08-17 | 7 | 2486 | 759 | 3.49 | 39 |
| 2026-08-18 | 7 | 2486 | 759 | 3.49 | 40 |
| 2026-08-19 | 7 | 2486 | 759 | 3.49 | 41 |
| 2026-08-20 | 7 | 2486 | 759 | 3.49 | 42 |
| 2026-08-21 | 8 | 2475 | 733 | 3.60 | 38 |
| 2026-08-22 | 8 | 2475 | 733 | 3.60 | 39 |
| 2026-08-23 | 9 | 2600 | 747 | 3.67 | 35 |
| 2026-08-24 | 9 | 2600 | 747 | 3.67 | 36 |
| 2026-08-25 | 8 | 2631 | 790 | 3.39 | 40 |
| 2026-08-26 | 9 | 2839 | 825 | 3.47 | 36 |
| 2026-08-27 | 9 | 2839 | 825 | 3.47 | 37 |
| 2026-08-28 | 10 | 2805 | 807 | 3.51 | 34 |
| 2026-08-29 | 11 | 2832 | 820 | 3.48 | 32 |
| 2026-08-30 | 11 | 2832 | 820 | 3.48 | 33 |
| 2026-08-31 | 10 | 2785 | 807 | 3.48 | 17 |
12-Month Market Dynamics & Trend Trajectory
Artist's Alley - East Tower has achieved a lifetime leasing volume of 33 closed transactions since its 2025 registration and initial occupancy rollout. Realized leases across the building average $2,671 per month at $3.99 per square foot across an average suite size of 714 square feet, maintaining an average days on market of 21 days. Tenant turnover during this initial lease-up phase reflects steady absorption across compact urban suites in the Downtown West submarket. Transaction distribution skewed toward tenant-favorable conditions, with 21.2% of leases closing below asking price. Tenants successfully negotiated an average discount of $34 per month, representing a 0.71% concession below asking and yielding annual tenant savings of $408 per year.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-05-03 | 4 | 2550 | 725 | 3.55 | 16 |
| 2026-05-10 | 3 | 2527 | 641 | 4.02 | 23 |
| 2026-05-17 | 5 | 2370 | 601 | 3.96 | 14 |
| 2026-05-24 | 1 | 2850 | 750 | 3.80 | 53 |
| 2026-05-31 | 1 | 2230 | 550 | 4.05 | 75 |
| 2026-06-07 | 1 | 2250 | 550 | 4.09 | 7 |
| 2026-06-14 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-21 | 2 | 2325 | 525 | 4.63 | 18 |
| 2026-06-28 | 1 | 2000 | 400 | 5.00 | 37 |
| 2026-07-05 | 1 | 2250 | 400 | 5.63 | 1 |
| 2026-07-12 | 2 | 3000 | 750 | 3.98 | 13 |
| 2026-07-19 | 2 | 3425 | 925 | 3.76 | 17 |
| 2026-07-26 | 3 | 3500 | 950 | 3.69 | 21 |
| 2026-08-02 | 2 | 2263 | 525 | 4.53 | 30 |
| 2026-08-09 | 1 | 2400 | 650 | 3.69 | 16 |
| 2026-08-16 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-23 | 1 | 2350 | 400 | 5.88 | 20 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Artist's Alley - East Tower at 238 Simcoe St operates within an active micro-market surrounded by four direct competitor properties completed between 2014 and 2025. The competitive set includes Residences at RCMI located 0.04 kilometers away (built in 2014 with 41 active leases), Artist's Alley - West Tower located 0.04 kilometers away (built in 2025 with 27 active leases), Artists' Alley located 0.07 kilometers away (built in 2022 with 1 active lease), and Artist's Alley 2 located 0.08 kilometers away (built in 2025 with 21 active leases). These buildings span across modern structural generations, contrasting older mid-2010s developments against master-planned 2025 completions in the Downtown West submarket. Across this four-building competitive group, the overall market benchmarks record an average monthly rent of $2,564 per month, an average rate of $4.66 per square foot, and an average suite size of 571 square feet. Artist's Alley - East Tower positions itself competitively within this scale by offering expansive suite footprints that average 714 square feet all-time, achieving a rate of $3.99 per square foot. This places the subject building at a favorable value position regarding space efficiency compared to older or more densely configured tower alternatives in the immediate vicinity.
Comparable Analysis & Questions
How do rental rates at Artist's Alley - East Tower compare to neighbouring buildings within Downtown West?
Artist's Alley - East Tower achieves an average all-time lease rent of $2,671 per month, aligning closely with the overall competitive market average of $2,564 per month across benchmarks such as Residences at RCMI, Artist's Alley - West Tower, Artists' Alley, and Artist's Alley 2. Residences at RCMI (426 University Ave) reports an average lease rent of $2,608 per month at $4.03 per square foot across an average of 650 square feet. Artist's Alley - West Tower (121 St Patrick St) records an average lease rent of $2,693 per month at $4.32 per square foot across 642 square feet. Artists' Alley (234 Simcoe Street) logs an average lease rent of $2,198 per month at $5.50 per square foot across a compact 400 square feet. Finally, Artist's Alley 2 (230 Simcoe St) averages $2,756 per month at $4.77 per square foot across 592 square feet.
Does Artist's Alley - East Tower offer a competitive price-per-square-foot ($/SF) against local comparables?
Artist's Alley - East Tower establishes its value proposition by offering an average lease rate of $3.99 per square foot across an expansive average size of 714 square feet, undercutting the broader submarket asking benchmark of $4.81 per square foot. Renters evaluating the subject building versus Residences at RCMI (650 square feet at $4.03 per square foot) or Artist's Alley - West Tower (642 square feet at $4.32 per square foot) benefit from significantly larger interior square footages while securing a more competitive rate per square foot. Compared to the ultra-compact 400 square foot layouts at Artists' Alley commanding $5.50 per square foot, tenants at the subject building trade away cramped living spaces for considerably more functional, larger layouts without paying a density penalty.
How do building age, amenities, and developer reputation impact rent spreads?
Artist's Alley - East Tower delivers a comprehensive lifestyle and amenity package that matches or exceeds the offerings found across the surrounding multi-tower complex and neighboring towers. Signature amenities at the subject building include a 24/7 Concierge & Security service, a fully equipped Gym & Fitness Centre, a dedicated Yoga Studio, an Outdoor Pool with an adjacent Hot Tub & Jacuzzi, and a Rooftop Terrace with BBQ areas. When contrasted with Residences at RCMI (426 University Ave), which features a Business Centre and a Car-share facility alongside a Concierge, Gym, Party Room, Meeting Room, and Games Room, the subject building provides a distinct resort-oriented outdoor pool and rooftop experience. Similarly, while peers like Artist's Alley 2 (230 Simcoe St) incorporate specialized features like a Pet Wash Station and Art Gallery, the subject building matches these touches with its own extensive Garden & Courtyard, serving urban professionals and lifestyle-focused renters seeking expansive shared recreational spaces.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Artist's Alley - East Tower.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Yoga Studio
- Party & Lounge Room
- Meeting Room
- Games & Billiards Room
- Dining Room & Kitchen
- Outdoor Pool
- Hot Tub & Jacuzzi
- Rooftop Terrace
- BBQ Area
- Garden & Courtyard
Residential Buildings in the Vicinity
- Artist's Alley - West Tower40 m
- Residences at RCMI43 m
- Artists' Alley71 m
- Artist's Alley 276 m
- Village by the Grange III90 m
- Residences of the Artisan108 m
- 9T6 Condominium Residences109 m
- West One - CityPlace117 m
- Wynford Condominiums117 m
- Village by the Grange VII142 m
- Village by the Grange143 m
- The Residences of 488 University Avenue148 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Artist's Alley - East Tower.
Snapshot Dates & Benchmark Cadence
- Standardized Snapshot: Market metrics reflect a standardized monthly snapshot locked as of August 31, 2026.
- Benchmark Comparison Cadence: Month-over-month comparisons evaluate changes across standardized month-end reporting windows (August 2026 vs July 2026), ensuring consistent baseline periods and eliminating intra-month reporting volatility.
- Point-in-Time Daily History: Daily charts capture point-in-time active listings available on any given calendar day.
Public Data Aggregation & Thresholds
- Public Data Aggregation: FastScreen aggregates residential rental listing and completed lease transaction records from publicly available sources.
- Threshold Filtering: All listings are subject to a minimum monthly rental threshold of $1,000 to filter out standalone storage lockers, private parking spaces, and misclassified commercial entries from condominium statistics.
Calculation Formulations
- Average Asking Rent: Weighted average of active asking prices across available suites in the reporting period.
- Price Per Square Foot ($/SF): Calculated by dividing rent by square footage only for listings that provide unit dimensions (suites without stated square footage are excluded from $/SF calculations).
- Days on Market (DOM): Measures elapsed calendar days between the date a suite is first listed and either the benchmark snapshot date (for active listings) or the finalized date leased.
- Parking & Den Differentials: Average asking rent differences between suites with vs. without parking, and suites with vs. without a den.
Data Limitations & Scope
- Exclusively Public Records: Statistics are derived exclusively from publicly available rental listings and completed lease records. Private direct-to-landlord arrangements, unadvertised tenant renewals, and off-market rental agreements are not captured.
- Agreed Contract Amounts: Reported lease amounts reflect agreed contract rents and do not account for private move-in allowances or individual unit renovations that may influence pricing spreads.
Disclaimer: The information and statistics presented on this page (including asking rents, lease prices, de-listed listings, average square footage, days on market, and implied suite premiums) are aggregated from public listing sources for general informational, educational, and reference purposes only. FastScreen does not guarantee the accuracy, completeness, or timeliness of any data shown. This information does not constitute financial, investment, legal, or professional real estate advice. Users should conduct their own independent research and consult with licensed professionals before making any rental, leasing, property management, or real estate investment decisions.