Market Data as of August 31, 2026
Prime — Rental Market Data
Building Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Prime is an established 595-suite development at 319 Jarvis Street, completed in 2024 by CentreCourt Developments. There are currently 12 active listings, representing a 2% availability rate. Over the last 90 days, 57 leases closed with an average of 21 days on market, while the last 30 days saw 18 leases close with an average of 20 days on market.
Active listings are asking an average of $2,625 per month ($4.69 per square foot), which is higher than the 90-day realized average of $2,285 per month ($4.47 per square foot). This pricing reflects a shift toward larger units, as the active average size is 568 square feet. This asking rate is slightly above the Downtown East submarket benchmark of $4.36 per square foot.
Landlords are seeing faster absorption for leased units (21 days) compared to delisted units (32 days), suggesting that listings priced too high are lingering. With unrented units asking $357 per month more than realized leases, there is a clear ceiling on price capture. Renters should prioritize units aligned with realized lease averages to avoid overpriced inventory.
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Active Rental Inventory & Asking Rates
Current market availability, asking prices, and unit price histories at Prime as of August 31, 2026 (comparing August 2026 vs July 2026).
Active Market Insights & Questions
How has rental availability changed at Prime recently?
The building currently has 12 active listings, resulting in a low availability rate of 2%. The inventory is currently dominated by 2-bedroom suites, which account for 41.7% of the available units.
What floor plans and unit layouts are currently available at Prime?
Breaking down each specific tier, 2-bedroom suites account for 5 units (41.7%), 1-bedroom suites account for 4 units (33.3%), and 1-bedroom plus den suites account for 3 units (25%).
What is the average asking rent and $/SF by suite size at Prime?
The pricing range for active units is $1,851, with the highest-priced suite being a 2-Bedroom asking $3,500 per month and the lowest-priced 1-Bedroom asking $1,649 per month.
How much extra do parking spaces and dens cost at Prime?
Active parking spots are verified at a premium of $217 per month. Additionally, 1-bedroom plus den units command a premium of $513 per month over standard 1-bedrooms, adding 54 square feet of space at a marginal rate of $9.50 per square foot.
How do asking rents at Prime compare to local and municipal benchmarks?
Prime's active asking rate of $4.69 per square foot is 7.6% higher than the Downtown East submarket asking benchmark of $4.36 per square foot.
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 Prime (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at Prime last month, and how fast did they rent?
In the last 90 days, 57 leases were finalized with an average of 21 days on market. The most recent 30-day window shows 18 leases closing with a slightly faster average of 20 days on market.
What is the negotiation spread between asking rents and closed lease prices at Prime?
Tenants negotiated an average discount of $29 per month (1.25% below asking). This tenant-favorable leverage resulted in an average annual saving of $348 per year for 34.2% of leases.
What are typical executed lease prices across different layouts at Prime?
The most frequent lease types were 1-Bedroom and 1-Bedroom + Den units, both with 23 closed leases. 1-Bedroom units averaged $2,013 per month (median $2,000, range $1,985–$2,075) across 446 square feet at $4.56 per square foot with 30 days on market. 1-Bedroom + Den units averaged $2,362 per month (median $2,350, range $2,275–$2,500) across 543 square feet at $4.35 per square foot with 21 days on market. 2-Bedroom units averaged $2,679 per month (median $2,700, range $2,550–$2,800) across 636 square feet at $4.23 per square foot with 19 days on market (21 leases). Studio units, representing a moderate sample of 9 leases, averaged $1,876 per month (median $1,850, range $1,800–$1,980) across 422 square feet at $4.49 per square foot with 17 days on market.
What measurable rent premium did suites with parking achieve in closed leases at Prime?
Leased parking spots are verified at a premium of $213 per month.
How does the lease-to-listing ratio at Prime reflect current tenant demand?
Lease volume peaked in July 2026 with 28 closed leases and the lowest average days on market (16 days). August 2026 saw 18 leases close at an average rent of $2,288 per month and 20 days on market.
De-Listed & Terminated Rental Market Dynamics
Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at Prime (Data period: For the month of August 2026).
De-Listed Market Analysis & Questions
How many listings de-listed at Prime, and what was their re-listing price compared to previous asking?
Two units were delisted, with an average of 32 days on market. These units were terminated rather than expired.
How do asking prices on de-listed suites compare to executed leases and active listings at Prime?
Unrented units asked an average of $2,645 per month, which is $357 per month ABOVE realized lease averages ($2,288 per month). This indicates that delisted units were overpriced relative to realized leases.
What market friction causes rental listings to stall or de-list at Prime?
The 12-day excess in days on market for delisted units compared to leased units suggests that pushback on price is the primary driver of vacancy carry for these specific listings.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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 | 26 | 2332 | 769 | 4.15 | 25 |
| 2026-04-28 | 26 | 2332 | 769 | 4.15 | 26 |
| 2026-04-29 | 26 | 2332 | 769 | 4.15 | 27 |
| 2026-04-30 | 24 | 2366 | 539 | 4.39 | 23 |
| 2026-05-01 | 24 | 2366 | 539 | 4.39 | 24 |
| 2026-05-02 | 21 | 2399 | 543 | 4.42 | 23 |
| 2026-05-03 | 22 | 2381 | 537 | 4.45 | 23 |
| 2026-05-04 | 23 | 2395 | 535 | 4.49 | 23 |
| 2026-05-05 | 21 | 2373 | 526 | 4.52 | 23 |
| 2026-05-06 | 21 | 2373 | 526 | 4.52 | 24 |
| 2026-05-07 | 22 | 2351 | 521 | 4.53 | 24 |
| 2026-05-08 | 23 | 2340 | 518 | 4.53 | 23 |
| 2026-05-09 | 23 | 2305 | 507 | 4.56 | 23 |
| 2026-05-10 | 23 | 2305 | 507 | 4.56 | 24 |
| 2026-05-11 | 22 | 2274 | 507 | 4.49 | 22 |
| 2026-05-12 | 20 | 2266 | 503 | 4.52 | 23 |
| 2026-05-13 | 20 | 2266 | 503 | 4.52 | 24 |
| 2026-05-14 | 19 | 2287 | 503 | 4.56 | 25 |
| 2026-05-15 | 18 | 2264 | 504 | 4.51 | 27 |
| 2026-05-16 | 18 | 2264 | 504 | 4.51 | 28 |
| 2026-05-17 | 17 | 2276 | 510 | 4.47 | 29 |
| 2026-05-18 | 17 | 2276 | 510 | 4.47 | 30 |
| 2026-05-19 | 16 | 2256 | 501 | 4.50 | 31 |
| 2026-05-20 | 15 | 2270 | 501 | 4.53 | 32 |
| 2026-05-21 | 15 | 2323 | 519 | 4.48 | 30 |
| 2026-05-22 | 15 | 2323 | 519 | 4.48 | 31 |
| 2026-05-23 | 15 | 2323 | 519 | 4.48 | 32 |
| 2026-05-24 | 15 | 2323 | 519 | 4.48 | 33 |
| 2026-05-25 | 15 | 2353 | 529 | 4.46 | 33 |
| 2026-05-26 | 14 | 2329 | 520 | 4.48 | 35 |
| 2026-05-27 | 14 | 2329 | 520 | 4.48 | 36 |
| 2026-05-28 | 14 | 2329 | 520 | 4.48 | 37 |
| 2026-05-29 | 14 | 2329 | 520 | 4.48 | 38 |
| 2026-05-30 | 15 | 2307 | 512 | 4.51 | 36 |
| 2026-05-31 | 14 | 2318 | 513 | 4.53 | 37 |
| 2026-06-01 | 12 | 2350 | 516 | 4.57 | 36 |
| 2026-06-02 | 14 | 2293 | 499 | 4.62 | 32 |
| 2026-06-03 | 14 | 2293 | 499 | 4.62 | 33 |
| 2026-06-04 | 14 | 2299 | 499 | 4.63 | 32 |
| 2026-06-05 | 14 | 2277 | 503 | 4.56 | 31 |
| 2026-06-06 | 15 | 2279 | 506 | 4.53 | 30 |
| 2026-06-07 | 15 | 2279 | 506 | 4.53 | 31 |
| 2026-06-08 | 14 | 2306 | 507 | 4.58 | 29 |
| 2026-06-09 | 16 | 2276 | 503 | 4.55 | 26 |
| 2026-06-10 | 16 | 2276 | 503 | 4.55 | 27 |
| 2026-06-11 | 17 | 2284 | 503 | 4.57 | 27 |
| 2026-06-12 | 17 | 2284 | 503 | 4.57 | 28 |
| 2026-06-13 | 17 | 2284 | 503 | 4.57 | 29 |
| 2026-06-14 | 16 | 2298 | 503 | 4.59 | 28 |
| 2026-06-15 | 16 | 2336 | 513 | 4.58 | 26 |
| 2026-06-16 | 16 | 2336 | 513 | 4.58 | 27 |
| 2026-06-17 | 17 | 2404 | 535 | 4.51 | 25 |
| 2026-06-18 | 18 | 2392 | 533 | 4.51 | 25 |
| 2026-06-19 | 20 | 2410 | 537 | 4.51 | 23 |
| 2026-06-20 | 20 | 2410 | 537 | 4.51 | 24 |
| 2026-06-21 | 20 | 2410 | 537 | 4.51 | 25 |
| 2026-06-22 | 21 | 2428 | 543 | 4.50 | 25 |
| 2026-06-23 | 22 | 2378 | 811 | 4.26 | 23 |
| 2026-06-24 | 23 | 2333 | 791 | 4.26 | 20 |
| 2026-06-25 | 23 | 2333 | 791 | 4.26 | 21 |
| 2026-06-26 | 23 | 2313 | 787 | 4.26 | 22 |
| 2026-06-27 | 23 | 2313 | 787 | 4.26 | 23 |
| 2026-06-28 | 23 | 2313 | 787 | 4.26 | 24 |
| 2026-06-29 | 23 | 2303 | 787 | 4.24 | 25 |
| 2026-06-30 | 22 | 2360 | 820 | 4.16 | 21 |
| 2026-07-01 | 22 | 2360 | 820 | 4.16 | 22 |
| 2026-07-02 | 22 | 2360 | 820 | 4.16 | 23 |
| 2026-07-03 | 22 | 2456 | 568 | 4.34 | 22 |
| 2026-07-04 | 22 | 2449 | 570 | 4.31 | 22 |
| 2026-07-05 | 21 | 2461 | 571 | 4.33 | 22 |
| 2026-07-06 | 22 | 2463 | 570 | 4.34 | 22 |
| 2026-07-07 | 23 | 2443 | 563 | 4.37 | 22 |
| 2026-07-08 | 26 | 2430 | 554 | 4.43 | 19 |
| 2026-07-09 | 28 | 2427 | 544 | 4.50 | 18 |
| 2026-07-10 | 30 | 2440 | 548 | 4.49 | 18 |
| 2026-07-11 | 28 | 2454 | 548 | 4.52 | 18 |
| 2026-07-12 | 27 | 2451 | 544 | 4.55 | 19 |
| 2026-07-13 | 27 | 2451 | 544 | 4.55 | 20 |
| 2026-07-14 | 26 | 2428 | 538 | 4.56 | 20 |
| 2026-07-15 | 22 | 2469 | 548 | 4.55 | 22 |
| 2026-07-16 | 22 | 2464 | 548 | 4.54 | 21 |
| 2026-07-17 | 22 | 2444 | 536 | 4.60 | 22 |
| 2026-07-18 | 20 | 2403 | 525 | 4.63 | 23 |
| 2026-07-19 | 20 | 2403 | 525 | 4.63 | 24 |
| 2026-07-20 | 20 | 2403 | 525 | 4.63 | 25 |
| 2026-07-21 | 19 | 2388 | 518 | 4.65 | 26 |
| 2026-07-22 | 18 | 2395 | 517 | 4.68 | 28 |
| 2026-07-23 | 17 | 2377 | 509 | 4.71 | 28 |
| 2026-07-24 | 17 | 2318 | 500 | 4.67 | 28 |
| 2026-07-25 | 16 | 2313 | 497 | 4.69 | 28 |
| 2026-07-26 | 15 | 2324 | 503 | 4.64 | 30 |
| 2026-07-27 | 15 | 2328 | 503 | 4.65 | 30 |
| 2026-07-28 | 15 | 2328 | 503 | 4.65 | 31 |
| 2026-07-29 | 16 | 2335 | 506 | 4.64 | 30 |
| 2026-07-30 | 16 | 2335 | 506 | 4.64 | 31 |
| 2026-07-31 | 15 | 2416 | 517 | 4.70 | 28 |
| 2026-08-01 | 14 | 2456 | 525 | 4.71 | 30 |
| 2026-08-02 | 13 | 2430 | 515 | 4.74 | 30 |
| 2026-08-03 | 12 | 2441 | 513 | 4.79 | 31 |
| 2026-08-04 | 13 | 2492 | 523 | 4.78 | 30 |
| 2026-08-05 | 15 | 2479 | 527 | 4.73 | 27 |
| 2026-08-06 | 16 | 2521 | 538 | 4.71 | 25 |
| 2026-08-07 | 17 | 2470 | 544 | 4.58 | 25 |
| 2026-08-08 | 16 | 2468 | 544 | 4.58 | 27 |
| 2026-08-09 | 16 | 2468 | 544 | 4.58 | 28 |
| 2026-08-10 | 16 | 2443 | 538 | 4.59 | 27 |
| 2026-08-11 | 15 | 2433 | 537 | 4.58 | 29 |
| 2026-08-12 | 15 | 2433 | 537 | 4.58 | 30 |
| 2026-08-13 | 12 | 2457 | 546 | 4.55 | 32 |
| 2026-08-14 | 12 | 2457 | 546 | 4.55 | 33 |
| 2026-08-15 | 13 | 2426 | 535 | 4.59 | 32 |
| 2026-08-16 | 14 | 2417 | 536 | 4.56 | 30 |
| 2026-08-17 | 13 | 2411 | 535 | 4.57 | 32 |
| 2026-08-18 | 13 | 2411 | 535 | 4.57 | 33 |
| 2026-08-19 | 12 | 2404 | 533 | 4.57 | 34 |
| 2026-08-20 | 13 | 2419 | 541 | 4.53 | 31 |
| 2026-08-21 | 12 | 2467 | 545 | 4.60 | 33 |
| 2026-08-22 | 12 | 2492 | 557 | 4.52 | 34 |
| 2026-08-23 | 13 | 2508 | 565 | 4.50 | 32 |
| 2026-08-24 | 12 | 2525 | 566 | 4.52 | 35 |
| 2026-08-25 | 10 | 2605 | 585 | 4.50 | 38 |
| 2026-08-26 | 10 | 2605 | 585 | 4.50 | 39 |
| 2026-08-27 | 12 | 2575 | 564 | 4.64 | 33 |
| 2026-08-28 | 11 | 2564 | 560 | 4.66 | 35 |
| 2026-08-29 | 12 | 2625 | 568 | 4.69 | 33 |
| 2026-08-30 | 12 | 2625 | 568 | 4.69 | 34 |
| 2026-08-31 | 12 | 2625 | 568 | 4.69 | 35 |
12-Month Market Dynamics & Trend Trajectory
Over the past year, Prime has seen 76 total leases with an all-time average rent of $2,287 per month and an average of 23 days on market. The market has remained relatively stable, with the 30-day average rent of $2,288 closely mirroring the 90-day average of $2,285. Monthly trends show a significant surge in activity during the summer, particularly in July, where volume hit 28 leases and velocity peaked. Rents have fluctuated slightly, from a low of $2,165 in June to a high of $2,367 in April, reflecting a dynamic but balanced demand for the building's modern layouts.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-04-26 | 2 | 2100 | 523 | 4.02 | 33 |
| 2026-05-03 | 2 | 2800 | 675 | 4.16 | 22 |
| 2026-05-10 | 4 | 2275 | 524 | 4.35 | 23 |
| 2026-05-17 | 4 | 2225 | 524 | 4.29 | 20 |
| 2026-05-24 | 2 | 2200 | 525 | 4.20 | 22 |
| 2026-05-31 | 3 | 2033 | 467 | 4.38 | 37 |
| 2026-06-07 | 1 | 1850 | 495 | 3.74 | 65 |
| 2026-06-14 | 3 | 2017 | 432 | 4.71 | 41 |
| 2026-06-21 | 3 | 2450 | 533 | 4.60 | 36 |
| 2026-06-28 | 7 | 2126 | 474 | 4.55 | 19 |
| 2026-07-05 | 4 | 2185 | 538 | 4.13 | 17 |
| 2026-07-12 | 11 | 2536 | 586 | 4.36 | 17 |
| 2026-07-19 | 5 | 2490 | 580 | 4.34 | 19 |
| 2026-07-26 | 5 | 1968 | 420 | 4.74 | 12 |
| 2026-08-02 | 3 | 2233 | 500 | 4.50 | 14 |
| 2026-08-09 | 5 | 2490 | 540 | 4.64 | 25 |
| 2026-08-16 | 4 | 2200 | 500 | 4.43 | 20 |
| 2026-08-23 | 5 | 2275 | 518 | 4.44 | 17 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Prime at 319 Jarvis Street, built in 2024 by CentreCourt Developments, is significantly newer than its immediate competitors. The closest rivals include T.O. Condominium (built in 1988), The Quarters (built in 1983), 250 Jarvis (built in 1990), and Metropolitan Essex (built in 1991). Being 33 to 41 years newer than these buildings, Prime is the only development in this micro-market offering post-2020 construction standards. Prime commands a significant per-square-foot premium over all four competitors, ranging from 24.3% above T.O. Condominium to 102.8% above The Quarters. While the average comp rent is higher at $2,956 per month, this is due to much larger average footprints (1,082 square feet) compared to Prime's 526 square feet. Prime's realized rate of $4.40 per square foot is only 5.7% above the Downtown East submarket benchmark of $4.23 per square foot.
Comparable Analysis & Questions
How do rental rates at Prime compare to neighbouring buildings within Downtown East?
Prime realizes an average lease rent of $2,287 per month, which is $669 below the four-building comp average of $2,956. This gap is driven by Prime's smaller 526-square-foot average suite size compared to the 1,082-square-foot comp mean. T.O. Condominium averages $2,300 per month ($3.54 per square foot), The Quarters averages $3,833 per month ($2.17 per square foot), 250 Jarvis averages $2,600 per month ($2.77 per square foot), and Metropolitan Essex averages $3,090 per month ($3.23 per square foot).
Does Prime offer a competitive price-per-square-foot ($/SF) against local comparables?
Prime trades at $4.40 per square foot, which is 5.7% above the Downtown East submarket benchmark of $4.23 per square foot. While it is more expensive on a per-foot basis than The Quarters ($2.17 per square foot) or 250 Jarvis ($2.77 per square foot), it offers a 2024 construction standard. Renters are trading the larger, older footprints of the 1980s-era buildings for modern finishes and higher energy efficiency.
How do building age, amenities, and developer reputation impact rent spreads?
Prime offers the most amenity-dense experience in the cluster, featuring 14 amenities. Signature standouts include the Yoga Studio, Pet Wash Station, Putting Green, Media & Theatre Room, and Business Centre, none of which are offered by the nearby competitors. In contrast, Metropolitan Essex provides an Indoor Pool and Squash & Racquetball Court, while T.O. Condominium features a Hot Tub & Jacuzzi and a Garden & Courtyard. 250 Jarvis offers only a basic set of four amenities, and The Quarters lists no amenities in the provided data.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Prime.
Building Amenities
- Concierge & Security
- Business Centre
- Meeting Room
- Gym & Fitness Centre
- Yoga Studio
- BBQ Area
- Rooftop Terrace
- Party & Lounge Room
- Media & Theatre Room
- Dog Run
- Pet Wash Station
- Sauna & Steam Room
- Games & Billiards Room
- Putting Green
Residential Buildings in the Vicinity
- T.O. Condominium57 m
- The Quarters59 m
- 250 Jarvis82 m
- Metropolitan Essex164 m
- Gerrard Place203 m
- Jac Condos232 m
- The Merchandise Building I266 m
- Alter269 m
- 365 Church290 m
- Dundas Square Gardens290 m
- The Merchandise Building V297 m
- 377 Church Street N314 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Prime.
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.