The Richmond I — Rental Market Data

The Richmond I closed 3 leases in the trailing 30 days at an average 6-day DOM, compared to a 10-day DOM over the prior 90 days and a 21-day St. Lawrence submarket benchmark. Over the full trailing year, the building recorded 8 closed leases, with the 90-day window capturing 5 of those transactions. Leasing cadence accelerated sharply into August 2026, when 3 deals closed in a single month at a 6-day DOM, versus a slower spring pace of 1–2 closings per month at 9–10 days. The submarket currently carries 116 active listings, so The Richmond I's zero active inventory and sub-benchmark DOM signal that available units are clearing well ahead of the broader St. Lawrence market.

The Richmond I tenants negotiated an average discount of $31 per month (0.62% below asking), translating to $372 in annual savings per lease across tracked transactions. Only 12.5% of the 8 closed leases settled under the listed asking price, meaning the vast majority of deals closed at or very near the landlord's initial figure. This modest concession pattern reflects balanced market leverage: landlords held firm on pricing in most cases, while the small subset of discounted leases suggests selective tenant pushback on price in a thin-inventory environment.

The Richmond I's two highest-volume anchor layouts are the 1-Bedroom + Den (3 leases, 37.5% share, averaging $2,267 per month at 8 days on market) and the 1-Bedroom (2 leases, 25% share, averaging $1,975 per month at 7 days on market). The 1-Bedroom + Den tier, a limited sample of 3 closed leases serving as a directional indicator only, shows a median of $2,400 with a P25–P75 range of $2,200 to $2,400, an average size of 583 square feet, and a rate of $3.90 per square foot. The 1-Bedroom tier, also a limited sample of 2 closed leases and directional only, clusters tightly around $1,975 (P25–P75: $1,962 to $1,988) across an average 545-square-foot footprint at $3.62 per square foot. The 2-Bedroom + Den represents an individual single transaction at $3,350 per month for 850 square feet ($3.94 per square foot, 10-day DOM). The 3-Bedroom+ tier is likewise an individual single deal at $3,495 per month for 850 square feet ($4.11 per square foot, 24-day DOM). The Studio is a single transaction at $1,750 per month for 385 square feet ($4.55 per square foot, 11-day DOM).

The Richmond I realized a verified parking premium of $200 per month on top of suite rent across tracked leases. This bundling pattern indicates that parking is priced as an add-on rather than embedded in the base suite rate, giving tenants a transparent line-item for garage or underground space. With zero active listings currently on the market, there is no active asking parking rate to benchmark against the realized $200 figure, so the verified lease-side premium stands as the sole reference point for parking value at this address.

The Richmond I shows a volatile but ultimately stable rent trajectory across the April-to-August 2026 tracking window, with monthly averages ranging from $2,000 to $3,495 per month. April closed 2 deals at $2,075 average ($4.12 per square foot, 10-day DOM). May saw 1 deal at $2,000 ($3.64 per square foot, 9-day DOM). June recorded 1 deal at $3,350 ($3.94 per square foot, 10-day DOM). July closed 1 deal at $3,495 ($4.11 per square foot, 24-day DOM). August accelerated to 3 deals at $2,117 average ($3.87 per square foot, 6-day DOM). The May-to-June nominal jump from $2,000 to $3,350 reflects a shift from compact 1-bedroom footprints to a larger 2-bedroom + den suite rather than a property revaluation, as the per-square-foot rate moved only modestly from $3.64 to $3.94.