Encore at Theatre District — Rental Market Data

Encore at Theatre District has five active listings as of August 31, 2026, spanning a price range of $2,350 to $4,550 per month with an average asking rent of $3,960 and a median of $4,300 per month. The average active suite measures 920 square feet at an asking rate of $4.41 per square foot, and the inventory skews heavily toward multi-bedroom executive layouts, with 3-Bedroom+ units representing 80 percent of available stock. The single 1-Bedroom listing at 550 square feet is the only entry-level option currently on the market.

The dominant active layout at Encore at Theatre District is the 3-Bedroom+ tier, accounting for four of five listings and 80 percent of available inventory at an average asking rent of $4,363 per month across 1,013 square feet at $4.45 per square foot. The 1-Bedroom tier contributes one listing at 20 percent share, priced at $2,350 per month for 550 square feet at $4.27 per square foot. No 2-Bedroom units are currently active, creating a gap in the mid-tier layout offering for renters seeking a two-bedroom configuration.

Encore at Theatre District's active asking rents range from a minimum of $2,350 per month to a peak of $4,550 per month, producing a dollar spread of $2,200 and a percentage spread of 93.6 percent. The median asking rent sits at $4,300 per month, pulled upward by the concentration of larger 3-Bedroom+ suites. The entry-level 1-Bedroom at 550 square feet asks $4.27 per square foot, while the peak 3-Bedroom+ suite at 750 square feet commands $6.07 per square foot, reflecting a premium for the additional bedroom and layout complexity.

Active den premiums at Encore at Theatre District cannot be quantified from current listing data, as no verified den square-footage delta or marginal cost per square foot is available. Verified parking stalls at the building carry a confirmed add-on of $125 per month, giving renters a clear and transparent parking cost to factor into their total occupancy budget.

Encore at Theatre District's average asking rent of $3,960 per month exceeds the Entertainment District submarket asking benchmark of $3,542 per month, yet the building's rate of $4.41 per square foot is 20.3 percent below the submarket asking rate of $5.53 per square foot. The nominal rent premium is explained by the building's larger average active footprint of 920 square feet versus the submarket norm, meaning renters pay more in absolute dollars but less per unit of space. Encore currently represents five out of 153 available listings in the Entertainment District, or approximately 3.3 percent of total submarket inventory.

Encore at Theatre District's average realized lease rent of $2,858 per month runs $150 above the four-comp benchmark of $2,708, driven primarily by its larger suite footprints rather than a higher per-square-foot rate. Theatre District at 8 Widmer St (0.04 km, 51 closed leases) averaged $2,440 per month at $4.64 per square foot across 532 square feet; Cinema Tower at 21 Widmer St (0.05 km, 27 closed leases) averaged $2,744 per month at $4.34 per square foot across 636 square feet; Central Condos at 38 Widmer St (0.07 km, 44 closed leases) averaged $3,163 per month at $4.58 per square foot across 703 square feet; and The Bond at 290 Adelaide St W (0.07 km, 32 closed leases) averaged $2,486 per month at $4.75 per square foot across 534 square feet. All four competitors recorded active lease volume, so each provides a realized rent benchmark rather than a listing-only reference.

Encore at Theatre District leases at $4.25 per square foot across an average 671-square-foot suite, trading at a discount below every active nearby competitor on a per-square-foot basis while delivering more interior space than three of the four peers. Against Theatre District (0.04 km), the subject trades at a $0.39 per square foot (8.4%) discount and provides 139 more interior square feet, meaning the $418-per-month higher nominal rent is entirely attributable to the larger footprint rather than a premium rate. Cinema Tower (0.05 km) shows a tighter spread: the subject offers a $0.09 per square foot (2.1%) discount with 35 additional square feet, and the $114-per-month higher rent again reflects the extra space. Central Condos (0.07 km) is the one comp where the subject trades at a lower monthly rent—$305 less—while also providing 32 fewer square feet and a $0.33 per square foot (7.2%) discount, indicating a genuinely smaller and cheaper product. The Bond (0.07 km) mirrors the Theatre District dynamic: a $0.50 per square foot (10.5%) discount with 137 more square feet, so the $372-per-month higher rent is a space premium, not a rate premium.

Encore at Theatre District fields a 16-item amenity suite that includes both indoor and outdoor pools, a dedicated yoga studio, sauna and steam room, a pet wash station, and a tanning deck—features that collectively outpace three of its four immediate peers. Compared with Theatre District (8 Widmer St), the subject adds a yoga studio and tanning deck to an otherwise overlapping aquatic and social package. Against Cinema Tower (21 Widmer St), the subject offers indoor and outdoor pools, a dining room and kitchen, a pet wash station, and a tanning deck that Cinema Tower lacks, though Cinema Tower counters with a basketball court, business centre, EV charging, and car-share program absent from Encore. Central Condos (38 Widmer St) carries the broadest amenity roster in the set—golf simulator, bocce field, outdoor fire pit, refrigerated parcel storage, building-wide WiFi, and EV charging—features the subject does not match, though Encore distinguishes itself with a sauna and steam room, pet wash station, and tanning deck that Central Condos omits. The Bond (290 Adelaide St W) is the leanest peer at 11 amenities; the subject adds an indoor pool, sauna and steam room, meeting room, media and theatre room, pet wash station, and tanning deck. This aquatic-wellness-plus-pet-care package, paired with the building's larger-than-peer suite sizes, best serves young professionals and small households in the Entertainment District who want resort-style recreation and practical daily conveniences without the ultra-premium per-square-foot pricing of the submarket's asking rents.