One Cole - East Building — Rental Market Data

One Cole - East Building closed one lease in the trailing 30 days at a 20-day DOM, seven leases in the trailing 90 days at a 25-day DOM, and nine leases over the full tracked year at a 24-day DOM, all within one day of the Downtown East submarket benchmark of 24 days. Leasing cadence moderated from a four-deal June peak down to a single August closing, indicating turnover is slowing rather than pausing. The 30-day volume of one lease against a 90-day count of seven suggests the building is in a low-velocity tail of its annual leasing cycle rather than experiencing a structural stall.

One Cole - East Building tenants negotiated an average discount of $44 per month (1.48% below asking) across tracked leases, translating to $528 in annual savings per unit. Twenty-two percent of closed leases settled under the listed asking price, confirming measurable tenant leverage in this submarket. The remaining 78% of transactions closed at or near asking, meaning landlord concessions were modest and concentrated in a subset of negotiations rather than representing a broad pricing retreat.

The 2-Bedroom tier is the anchor layout at One Cole - East Building with three closed leases averaging $2,783 per month at a 23-day DOM, while the 1-Bedroom tier logged two deals at $2,075 per month and a 13-day DOM. The 1-Bedroom + Den tier recorded two leases averaging $2,325 per month across 650 square feet at $3.58 per square foot with a 40-day DOM, a limited sample that serves as a directional indicator only. The 3-Bedroom+ tier reflects an individual single transaction at $4,300 per month for 1,100 square feet ($3.91 per square foot) with a 12-day DOM, not a broad statistical benchmark. The Studio tier is likewise an individual single deal at $1,700 per month for 400 square feet ($4.25 per square foot) with a 28-day DOM, representing one transaction rather than a market benchmark.

One Cole - East Building carries a verified leased parking premium of $250 per month bundled into suite rents. Active asking parking rates cannot be reliably isolated due to insufficient paired sample data, so no direct spread between realized and asking parking values can be confirmed. The $250 figure is grounded in verified lease transactions and should be treated as the operative market-clearing parking cost for this building.

One Cole - East Building shows a declining nominal rent trajectory from May through August 2026, dropping from $3,550 to $1,950 per month over four months. May closed two leases at $3,550 average rent and $3.60 per square foot with a 19-day DOM. June saw the highest volume at four deals, averaging $2,213 per month at $3.73 per square foot with a 24-day DOM. July recorded two leases at $2,625 per month and $3.57 per square foot with a 30-day DOM. August closed a single lease at $1,950 per month but at $4.33 per square foot with a 20-day DOM; the nominal rent drop reflects a compact 400-square-foot studio footprint rather than property devaluation, as the rate per square foot actually rose above every prior month.