Obelisk I — Rental Market Data

Obelisk I carries one active listing as of August 31, 2026, with a single asking rent of $3,200 per month serving as both the minimum, maximum, average, and median. The available suite spans 1,100 square feet at an asking rate of $2.91 per square foot, and the 100 percent layout share falls entirely in the 3-Bedroom-plus category. With only one unit on the market, inventory is neither skewed toward compact entry-level suites nor broad multi-bedroom executive depth; it represents a single large-format listing in an otherwise fully occupied tower.

The dominant and sole active layout at Obelisk I is the 3-Bedroom-plus tier, accounting for 100 percent of available inventory with one listing. That single unit asks $3,200 per month across 1,100 square feet, yielding a rate of $2.91 per square foot. No one-bedroom, two-bedroom, or den-suite tiers are currently available, making this a single-listing sample rather than a diversified layout offering.

Obelisk I's active pricing spread is zero dollars and zero percent, as the sole listing at $3,200 per month serves as both the entry and peak asking rent. The median asking rent is likewise $3,200 per month. The entry-level and peak suite are the same unit: a 3-Bedroom-plus layout of 1,100 square feet at $2.91 per square foot, so no internal price differentiation exists within the current active inventory.

Obelisk I's active den premium and associated square-footage delta cannot be quantified from the current single-listing sample, as no paired den versus non-den transactions are available for comparison. Parking stall costs also cannot be reliably isolated from the available data, and no verified monthly parking add-on figure can be quoted to prospective renters at this time.

Obelisk I's active asking rent of $3,200 per month exceeds the Mississauga City Centre submarket average asking rent of $2,771 per month, yet the building's asking rate of $2.91 per square foot sits 20.1 percent below the submarket asking benchmark of $3.64 per square foot. The nominal rent premium is explained by the active suite's 1,100-square-foot footprint being more compact than what the submarket average implies at a higher per-square-foot rate, meaning renters are paying more in total dollars for fewer square feet than the broader market average. Obelisk I represents one out of 242 active listings in the Mississauga City Centre submarket, a share of approximately 0.4 percent of total available inventory.

Obelisk I's all-time average realized lease rent of $3,033 per month exceeds the four-comparable benchmark of $2,477 per month by $556, with the subject commanding higher nominal rents than every active peer in the immediate pocket. No. 1 City Centre I at 1 Elm Dr W (0.11 km, 8 closed leases) averaged $2,411 per month at $3.28 per square foot across 725 square feet, meaning the subject's rent runs $622 higher. No. 1 City Centre II at 33 Elm Dr W (0.13 km, 17 closed leases) averaged $2,468 per month at $3.33 per square foot over 750 square feet, a $565 gap in the subject's favour. Edge Towers 2 at 30 Elm Dr W (0.19 km, 43 closed leases) posted $2,429 per month at $3.88 per square foot on 643 square feet, placing the subject $604 above. The Towne II at 55 Elm Dr W (0.21 km, 9 closed leases) realized $2,600 per month at $2.89 per square foot across 928 square feet, a $433 differential. All four competitors recorded active lease volume, so each provides a realized rent benchmark rather than a zero-transaction reference.

Obelisk I trades at a per-square-foot discount against every active competitor in the Mississauga City Centre pocket while delivering substantially more interior square footage, making its higher nominal rent a function of suite size rather than a rate premium. Against No. 1 City Centre I (725 sq ft), the subject provides 542 more square feet and trades at a $0.88 per square foot discount (26.8 percent below the comp's $3.28 rate). Versus No. 1 City Centre II (750 sq ft), the subject offers 517 additional square feet at a $0.93 per square foot discount (27.9 percent below $3.33). Edge Towers 2 (643 sq ft) shows the widest spread: the subject delivers 624 more square feet while trading at a $1.48 per square foot discount (38.1 percent below $3.88). The Towne II (928 sq ft) presents the narrowest gap, with the subject providing 339 more square feet at a $0.49 per square foot discount (17.0 percent below $2.89). In every pairing, the renter pays more in total monthly dollars but receives a materially larger interior footprint at a lower cost per square foot of usable space.

Obelisk I carries a 14-item amenity package that overlaps heavily with its 2004 and 2024 peers while distinguishing itself through an indoor kids' play room and a tennis and pickleball court not found in three of the four competitors. The subject's indoor pool, sauna and steam room, hot tub and jacuzzi, gym, concierge, rooftop terrace, BBQ area, garden courtyard, party lounge, meeting room, media theatre, and games room mirror the core offerings at No. 1 City Centre I, No. 1 City Centre II, and The Towne II. However, the subject lacks the yoga studios, golf simulators, juice bars, massage rooms, in-building convenience stores, and library spaces present at the No. 1 City Centre pair and The Towne II, and it does not include the business centre or outdoor children's playground found at Edge Towers 2. Conversely, the indoor kids' play room is exclusive to Obelisk I among this peer set, and the tennis and pickleball court appears only here and at The Towne II. This lifestyle package—emphasizing aquatic recreation, racquet sports, and dedicated family play space over wellness add-ons like yoga or juice bars—best serves families with young children and active tenants who prioritize on-site recreation and communal gathering areas over boutique wellness or remote-work facilities.