Market Data as of August 31, 2026
Gallery Square - Tower B — Rental Market Data
Building Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Gallery Square – Tower B at 292 Verdale Crossing in Markham City Centre is a 242-suite residential tower completed in 2024 by Remington Group. The building currently holds two active listings, representing a 0.8 percent availability rate across its full inventory. Leasing velocity remains steady: six leases closed in the past 30 days at an average of $2,513 per month with a 28-day average time on market, while eleven leases signed over the trailing 90 days averaged $2,434 per month and a 27-day close rate.
Active asking rents at Gallery Square – Tower B average $2,625 per month at $3.56 per square foot across a 739-square-foot mean suite size. Realized 90-day leases came in at $2,434 per month and $3.64 per square foot, meaning current listings are priced roughly 7.8 percent above recent closes on a nominal basis. On a per-square-foot basis, the building's active rate sits 0.6 percent below the Markham City Centre submarket asking benchmark of $3.58 per square foot, indicating slightly more competitive unit pricing despite the higher monthly outlay driven by larger suite footprints in the current inventory.
Marketing friction at this tower is minimal. Zero units were delisted without a lease, and 55.6 percent of recent transactions closed at or below asking rent, with tenants securing an average discount of $62 per month. Active inventory is split evenly between a single 1-Bedroom + Den unit and a single 2-Bedroom unit, meaning renters face single-listing scarcity in both layout tiers rather than a deep selection of comparable options.
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Active Rental Inventory & Asking Rates
Current market availability, asking prices, and unit price histories at Gallery Square - Tower B as of August 31, 2026 (comparing August 2026 vs July 2026).
Active Market Insights & Questions
How has rental availability changed at Gallery Square - Tower B recently?
Gallery Square – Tower B holds two active listings as of August 31, 2026, with asking rents ranging from $2,350 to $2,900 per month and an average and median rent of $2,625 per month. The average suite size is 739 square feet at an asking rate of $3.56 per square foot. Both available layouts carry a 50 percent inventory share, with one compact 1-Bedroom + Den entry-level suite and one larger 2-Bedroom executive layout, so current availability spans the full spectrum from starter to multi-bedroom configurations.
What floor plans and unit layouts are currently available at Gallery Square - Tower B?
The dominant active layout at Gallery Square – Tower B is the 1-Bedroom + Den, accounting for one of two listings and a 50 percent inventory share. That tier offers a single unit at $2,350 per month across 650 square feet, equating to $3.62 per square foot. The 2-Bedroom tier likewise holds one listing at 50 percent share, asking $2,900 per month for 828 square feet at $3.50 per square foot.
What is the average asking rent and $/SF by suite size at Gallery Square - Tower B?
Gallery Square – Tower B shows an active asking spread of $550 per month, or 23.4 percent, between its minimum entry rent of $2,350 and peak asking rent of $2,900. The median asking rent sits at $2,625 per month, splitting the range cleanly. The entry-level suite is a 1-Bedroom + Den at 650 square feet and $3.62 per square foot, while the peak offering is a 2-Bedroom at 828 square feet and $3.50 per square foot.
How much extra do parking spaces and dens cost at Gallery Square - Tower B?
Gallery Square – Tower B does not have a quantified den premium or square-footage delta between den and non-den suites in its current active inventory. With only one den-equipped listing available, marginal cost per square foot for the extra den space cannot be reliably calculated. Parking stall premiums also cannot be reliably isolated from current listings due to insufficient paired data, and no verified historical parking benchmark exists in the lease record.
How do asking rents at Gallery Square - Tower B compare to local and municipal benchmarks?
Gallery Square – Tower B asks an average of $2,625 per month at $3.56 per square foot, compared to the Markham City Centre submarket asking benchmark of $2,711 per month and $3.58 per square foot. The building's nominal rent is $86 per month below the submarket average, a gap driven by the 739-square-foot mean suite size being slightly larger than what the submarket average implies at its rate. On a per-square-foot basis, the building trades 0.6 percent below the submarket asking rate, and its two active listings represent roughly 2.1 percent of the 96 total active listings across Markham City Centre.
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 Gallery Square - Tower B (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at Gallery Square - Tower B last month, and how fast did they rent?
Gallery Square – Tower B closed leases in 28 days on average over the trailing 30 days, matching the Markham City Centre submarket benchmark of 27 days. The 90-day average DOM sits at 27 days, and the lifetime average across all 18 closed leases is 35 days. Volume accelerated through the summer: six leases closed in the most recent 30-day window versus five in the prior 60 days (11 total over 90 days), indicating leasing turnover picked up rather than moderated heading into late summer.
What is the negotiation spread between asking rents and closed lease prices at Gallery Square - Tower B?
Gallery Square – Tower B tenants negotiated an average discount of $62 per month (2.4% below asking), translating to $744 in annual savings per unit. This is a clear landlord concession, not a pricing premium. 55.6% of all 18 closed leases settled under the original asking price, confirming that prospective tenants held meaningful leverage at this building during the tracked period.
What are typical executed lease prices across different layouts at Gallery Square - Tower B?
The two highest-volume anchor layouts at Gallery Square – Tower B are the 1-Bedroom + Den (8 leases, $2,269 average rent, 29-day DOM) and the 2-Bedroom (6 leases, $2,646 average rent, 56-day DOM). The 1-Bedroom tier closed two leases at a $2,250 average (median $2,250, P25–P75 range $2,225–$2,275), averaging 550 square feet at $4.09 per square foot with a 14-day DOM; this is a limited sample of two closed leases and serves as a directional reference only. The 2-Bedroom + Den tier also closed two leases at a $3,090 average (median $3,090, P25–P75 range $2,985–$3,195), averaging 985 square feet at $3.13 per square foot with a 21-day DOM; likewise a small sample of two deals and directional only. The 1-Bedroom + Den and 2-Bedroom tiers each represent statistically robust benchmarks with eight and six closed leases respectively.
What measurable rent premium did suites with parking achieve in closed leases at Gallery Square - Tower B?
Gallery Square – Tower B does not have a reliably isolable parking premium from the available lease data. Paired suite-and-parking transactions are insufficient to calculate a defensible monthly parking value. Active listings at the building also show an unreliable or outlier-driven parking figure, so no specific dollar premium can be quoted. Tenants should treat parking as a bundled or case-by-case negotiation item rather than a fixed add-on rate.
How does the lease-to-listing ratio at Gallery Square - Tower B reflect current tenant demand?
Gallery Square – Tower B shows a modestly volatile rent trajectory across the five tracked months, with averages ranging from $2,325 to $2,880 per month. April 2026: one lease closed at $2,880 average rent, $3.03 per square foot, 29-day DOM. May 2026: six leases closed at $2,508 average rent, $3.53 per square foot, 51-day DOM. June 2026: three leases closed at $2,350 average rent, $3.68 per square foot, 34-day DOM. July 2026: two leases closed at $2,325 average rent, $3.94 per square foot, 17-day DOM. August 2026: six leases closed at $2,513 average rent, $3.53 per square foot, 28-day DOM. The pattern shows a mid-summer dip in realized rent followed by a recovery in August as volume re-accelerated.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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 | 5 | 2660 | 750 | 3.55 | 40 |
| 2026-04-28 | 5 | 2660 | 750 | 3.55 | 41 |
| 2026-04-29 | 5 | 2660 | 750 | 3.55 | 42 |
| 2026-04-30 | 5 | 2660 | 750 | 3.55 | 43 |
| 2026-05-01 | 5 | 2660 | 750 | 3.55 | 44 |
| 2026-05-02 | 5 | 2660 | 750 | 3.55 | 45 |
| 2026-05-03 | 5 | 2660 | 750 | 3.55 | 46 |
| 2026-05-04 | 4 | 2750 | 775 | 3.55 | 56 |
| 2026-05-05 | 4 | 2750 | 775 | 3.55 | 57 |
| 2026-05-06 | 4 | 2750 | 775 | 3.55 | 58 |
| 2026-05-07 | 4 | 2750 | 775 | 3.55 | 59 |
| 2026-05-08 | 4 | 2750 | 775 | 3.55 | 60 |
| 2026-05-09 | 5 | 2720 | 770 | 3.54 | 49 |
| 2026-05-10 | 4 | 2725 | 775 | 3.52 | 45 |
| 2026-05-11 | 4 | 2725 | 775 | 3.52 | 46 |
| 2026-05-12 | 5 | 2715 | 765 | 3.56 | 37 |
| 2026-05-13 | 5 | 2715 | 765 | 3.56 | 38 |
| 2026-05-14 | 8 | 2559 | 709 | 3.63 | 25 |
| 2026-05-15 | 7 | 2518 | 703 | 3.60 | 22 |
| 2026-05-16 | 7 | 2518 | 703 | 3.60 | 23 |
| 2026-05-17 | 7 | 2518 | 703 | 3.60 | 24 |
| 2026-05-18 | 7 | 2518 | 703 | 3.60 | 25 |
| 2026-05-19 | 8 | 2491 | 684 | 3.67 | 23 |
| 2026-05-20 | 9 | 2475 | 680 | 3.67 | 21 |
| 2026-05-21 | 9 | 2475 | 680 | 3.67 | 22 |
| 2026-05-22 | 8 | 2509 | 697 | 3.63 | 25 |
| 2026-05-23 | 8 | 2509 | 697 | 3.63 | 26 |
| 2026-05-24 | 7 | 2461 | 675 | 3.67 | 26 |
| 2026-05-25 | 7 | 2461 | 675 | 3.67 | 27 |
| 2026-05-26 | 7 | 2461 | 675 | 3.67 | 28 |
| 2026-05-27 | 7 | 2461 | 675 | 3.67 | 29 |
| 2026-05-28 | 7 | 2461 | 675 | 3.67 | 30 |
| 2026-05-29 | 7 | 2461 | 675 | 3.67 | 31 |
| 2026-05-30 | 7 | 2461 | 675 | 3.67 | 32 |
| 2026-05-31 | 6 | 2438 | 662 | 3.70 | 16 |
| 2026-06-01 | 6 | 2438 | 662 | 3.70 | 17 |
| 2026-06-02 | 6 | 2438 | 662 | 3.70 | 18 |
| 2026-06-03 | 6 | 2438 | 662 | 3.70 | 19 |
| 2026-06-04 | 6 | 2438 | 662 | 3.70 | 20 |
| 2026-06-05 | 6 | 2438 | 662 | 3.70 | 21 |
| 2026-06-06 | 6 | 2438 | 662 | 3.70 | 22 |
| 2026-06-07 | 6 | 2438 | 662 | 3.70 | 23 |
| 2026-06-08 | 6 | 2438 | 662 | 3.70 | 24 |
| 2026-06-09 | 6 | 2438 | 662 | 3.70 | 25 |
| 2026-06-10 | 5 | 2405 | 645 | 3.74 | 25 |
| 2026-06-11 | 4 | 2338 | 625 | 3.76 | 25 |
| 2026-06-12 | 4 | 2338 | 625 | 3.76 | 26 |
| 2026-06-13 | 4 | 2338 | 625 | 3.76 | 27 |
| 2026-06-14 | 4 | 2338 | 625 | 3.76 | 28 |
| 2026-06-15 | 4 | 2338 | 625 | 3.76 | 29 |
| 2026-06-16 | 4 | 2338 | 625 | 3.76 | 30 |
| 2026-06-17 | 4 | 2338 | 625 | 3.76 | 31 |
| 2026-06-18 | 4 | 2338 | 625 | 3.76 | 32 |
| 2026-06-19 | 4 | 2338 | 625 | 3.76 | 33 |
| 2026-06-20 | 3 | 2350 | 650 | 3.62 | 35 |
| 2026-06-21 | 3 | 2350 | 650 | 3.62 | 36 |
| 2026-06-22 | 3 | 2350 | 650 | 3.62 | 37 |
| 2026-06-23 | 4 | 2331 | 625 | 3.75 | 29 |
| 2026-06-24 | 3 | 2292 | 617 | 3.74 | 26 |
| 2026-06-25 | 2 | 2313 | 600 | 3.88 | 19 |
| 2026-06-26 | 2 | 2313 | 600 | 3.88 | 20 |
| 2026-06-27 | 2 | 2313 | 600 | 3.88 | 21 |
| 2026-06-28 | 2 | 2313 | 600 | 3.88 | 22 |
| 2026-06-29 | 2 | 2313 | 600 | 3.88 | 23 |
| 2026-06-30 | 2 | 2313 | 600 | 3.88 | 24 |
| 2026-07-01 | 3 | 2375 | 612 | 3.89 | 17 |
| 2026-07-02 | 3 | 2375 | 612 | 3.89 | 18 |
| 2026-07-03 | 3 | 2375 | 612 | 3.89 | 19 |
| 2026-07-04 | 3 | 2375 | 612 | 3.89 | 20 |
| 2026-07-05 | 3 | 2375 | 612 | 3.89 | 21 |
| 2026-07-06 | 4 | 2331 | 597 | 3.92 | 16 |
| 2026-07-07 | 4 | 2331 | 597 | 3.92 | 17 |
| 2026-07-08 | 4 | 2331 | 597 | 3.92 | 18 |
| 2026-07-09 | 4 | 2331 | 597 | 3.92 | 19 |
| 2026-07-10 | 4 | 2331 | 597 | 3.92 | 20 |
| 2026-07-11 | 4 | 2331 | 597 | 3.92 | 21 |
| 2026-07-12 | 4 | 2331 | 597 | 3.92 | 22 |
| 2026-07-13 | 3 | 2350 | 612 | 3.85 | 24 |
| 2026-07-14 | 3 | 2350 | 612 | 3.85 | 25 |
| 2026-07-15 | 2 | 2275 | 600 | 3.81 | 33 |
| 2026-07-16 | 2 | 2275 | 600 | 3.81 | 34 |
| 2026-07-17 | 2 | 2275 | 600 | 3.81 | 35 |
| 2026-07-18 | 2 | 2275 | 600 | 3.81 | 36 |
| 2026-07-19 | 2 | 2275 | 600 | 3.81 | 37 |
| 2026-07-20 | 2 | 2275 | 600 | 3.81 | 38 |
| 2026-07-21 | 2 | 2275 | 600 | 3.81 | 39 |
| 2026-07-22 | 2 | 2275 | 600 | 3.81 | 40 |
| 2026-07-23 | 2 | 2275 | 600 | 3.81 | 41 |
| 2026-07-24 | 2 | 2275 | 600 | 3.81 | 42 |
| 2026-07-25 | 2 | 2275 | 600 | 3.81 | 43 |
| 2026-07-26 | 2 | 2275 | 600 | 3.81 | 44 |
| 2026-07-27 | 2 | 2275 | 600 | 3.81 | 45 |
| 2026-07-28 | 2 | 2275 | 600 | 3.81 | 46 |
| 2026-07-29 | 2 | 2275 | 600 | 3.81 | 47 |
| 2026-07-30 | 2 | 2275 | 600 | 3.81 | 48 |
| 2026-07-31 | 2 | 2275 | 600 | 3.81 | 49 |
| 2026-08-01 | 2 | 2275 | 600 | 3.81 | 50 |
| 2026-08-02 | 2 | 2275 | 600 | 3.81 | 51 |
| 2026-08-03 | 2 | 2275 | 600 | 3.81 | 52 |
| 2026-08-04 | 2 | 2275 | 600 | 3.81 | 53 |
| 2026-08-05 | 4 | 2375 | 650 | 3.67 | 27 |
| 2026-08-06 | 3 | 2383 | 650 | 3.69 | 11 |
| 2026-08-07 | 4 | 2625 | 743 | 3.59 | 9 |
| 2026-08-08 | 4 | 2625 | 743 | 3.59 | 10 |
| 2026-08-09 | 4 | 2625 | 743 | 3.59 | 11 |
| 2026-08-10 | 3 | 2767 | 807 | 3.45 | 4 |
| 2026-08-11 | 4 | 2663 | 768 | 3.49 | 4 |
| 2026-08-12 | 5 | 2605 | 754 | 3.47 | 4 |
| 2026-08-13 | 5 | 2605 | 754 | 3.47 | 5 |
| 2026-08-14 | 5 | 2605 | 754 | 3.47 | 6 |
| 2026-08-15 | 5 | 2605 | 754 | 3.47 | 7 |
| 2026-08-16 | 5 | 2605 | 754 | 3.47 | 8 |
| 2026-08-17 | 5 | 2725 | 790 | 3.47 | 7 |
| 2026-08-18 | 5 | 2725 | 790 | 3.47 | 8 |
| 2026-08-19 | 4 | 2569 | 732 | 3.51 | 8 |
| 2026-08-20 | 4 | 2569 | 732 | 3.51 | 9 |
| 2026-08-21 | 3 | 2633 | 743 | 3.55 | 10 |
| 2026-08-22 | 3 | 2633 | 743 | 3.55 | 11 |
| 2026-08-23 | 3 | 2633 | 743 | 3.55 | 12 |
| 2026-08-24 | 2 | 2625 | 739 | 3.56 | 10 |
| 2026-08-25 | 2 | 2625 | 739 | 3.56 | 11 |
| 2026-08-26 | 2 | 2625 | 739 | 3.56 | 12 |
| 2026-08-27 | 2 | 2625 | 739 | 3.56 | 13 |
| 2026-08-28 | 2 | 2625 | 739 | 3.56 | 14 |
| 2026-08-29 | 2 | 2625 | 739 | 3.56 | 15 |
| 2026-08-30 | 2 | 2625 | 739 | 3.56 | 16 |
| 2026-08-31 | 2 | 2625 | 739 | 3.56 | 17 |
12-Month Market Dynamics & Trend Trajectory
Gallery Square – Tower B has closed 18 leases since its July 2024 registration, averaging $2,484 per month at $3.57 per square foot across suites that average 704 square feet. Lifetime average DOM stands at 35 days, and the building's 242-suite inventory shows a 0.8% availability rate, indicating a nearly fully occupied, stabilized asset with steady tenant turnover concentrated in the 1-Bedroom + Den and 2-Bedroom tiers. Pricing discipline at Gallery Square – Tower B skews in favour of tenants. 55.6% of all closed leases settled below the original asking price, and the net negotiation spread averages a $62-per-month (2.4%) discount, equating to $744 in annual tenant savings per unit. This is a landlord concession pattern, not a premium capture, and it signals that asking prices at this building were set slightly above what the Markham City Centre submarket would bear at the time of lease-up.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-05-03 | 1 | 2300 | 650 | 3.54 | 10 |
| 2026-05-10 | 2 | 2575 | 750 | 3.43 | 61 |
| 2026-05-17 | 1 | 2200 | 550 | 4.00 | 8 |
| 2026-05-24 | 1 | 2800 | 850 | 3.29 | 33 |
| 2026-05-31 | 1 | 2600 | 750 | 3.47 | 132 |
| 2026-06-07 | 1 | 2675 | 724 | 3.69 | 30 |
| 2026-06-14 | 1 | 2150 | 550 | 3.91 | 32 |
| 2026-06-21 | 1 | 2225 | 650 | 3.42 | 41 |
| 2026-06-28 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-05 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-12 | 2 | 2325 | 593 | 3.94 | 17 |
| 2026-07-19 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-26 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-02 | 1 | 2300 | 650 | 3.54 | 78 |
| 2026-08-09 | 1 | 2200 | 550 | 4.00 | 35 |
| 2026-08-16 | 3 | 2642 | 790 | 3.36 | 11 |
| 2026-08-23 | 1 | 2650 | 750 | 3.53 | 19 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Comparing rental asking rates and price-per-square-foot ($/SF) at Gallery Square - Tower B with 6 tracked residential buildings in the immediate vicinity.
Comparable Analysis & Questions
How do rental rates at Gallery Square - Tower B compare to neighbouring buildings within Markham City Centre?
At $2,625/month ($3.56/SF), Gallery Square - Tower B maintains a competitive market position compared to surrounding properties.
Does Gallery Square - Tower B offer a competitive price-per-square-foot ($/SF) against local comparables?
Comparing $/SF rates demonstrates how space efficiency and suite square footage influence relative affordability against nearby buildings.
How do building age, amenities, and developer reputation impact rent spreads?
Modern building amenities, concierge services, and construction vintage contribute to rent spreads between Gallery Square - Tower B and neighbouring options.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Gallery Square - Tower B.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Yoga Studio
- Sauna & Steam Room
- Basketball Court
- Party & Lounge Room
- Meeting Room
- Media & Theatre Room
- Games & Billiards Room
- Library & Reading Room
- Dining Room & Kitchen
- BBQ Area
- Rooftop Terrace
- Dog Run
- Pet Wash Station
Residential Buildings in the Vicinity
- Gallery Square - Tower A46 m
- Nexus North92 m
- Gallery Square - Tower C109 m
- Gallery Towers - Tower E113 m
- Gallery Towers - Tower D149 m
- Nexus South162 m
- The Verdale I179 m
- The Signature Collection - Building J180 m
- The Signature Collection - Building K180 m
- Rouge Bijou Arbor - Building D196 m
- The Verdale II227 m
- The Verdale on the Valley285 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Gallery Square - Tower B.
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.