Nautique — Rental Market Data

Nautique at 370 Martha Street holds nine active listings as of August 31, 2026, with asking rents ranging from $2,075 to $3,300 per month, an average of $2,550, and a median of $2,350. The average suite size across current availability is 648 square feet at an asking rate of $3.96 per square foot. One-bedroom units dominate the active inventory at 55.6 percent of listings, while two-bedroom suites account for the remaining 44.4 percent, indicating a balanced mix that serves both entry-level renters and families seeking additional space.

The dominant active layout at Nautique is the one-bedroom, with five listings representing 55.6 percent of current availability at an average asking rent of $2,180 per month across 556 square feet and a rate of $3.92 per square foot. Two-bedroom units make up the remaining 44.4 percent with four active listings averaging $3,013 per month over 762 square feet at $4.01 per square foot. Both tiers offer multiple options, with the one-bedroom segment providing a deeper selection for budget-conscious renters and the two-bedroom tier delivering a small but viable pool for households needing an extra room.

Nautique's active asking rents span from $2,075 to $3,300 per month, a dollar spread of $1,225 and a percentage spread of 59 percent. The median asking rent sits at $2,350 per month, anchoring the middle of the range. The entry-level suite is a one-bedroom at 550 square feet priced at $3.77 per square foot, while the peak listing is a two-bedroom at 719 square feet carrying a rate of $4.59 per square foot.

Nautique's active den premium and associated square-footage delta are unquantified in the current listing data, so no reliable marginal cost per square foot for extra den space can be isolated. Verified parking at the building carries a $100 per month add-on, confirmed through active listing data. Historical lease records do not provide sufficient paired data to establish a separate parking benchmark from closed transactions.

Nautique's active asking rent of $2,550 per month and $3.96 per square foot both sit below the Downtown Burlington submarket asking benchmarks of $2,988 per month and $4.25 per square foot, placing the building 6.8 percent under the neighborhood rate on a per-square-foot basis. The lower nominal rent is not driven by compact suite sizing; rather, Nautique's average 648-square-foot listing is comparable to submarket norms, meaning the price advantage reflects genuinely competitive unit pricing. The building represents nine of the 43 active listings in Downtown Burlington, accounting for roughly 21 percent of the submarket's current rental inventory.

Nautique's average closed lease rent of $2,450 per month sits $1,505 below the four-comparable average of $3,955, driven largely by two high-rent outliers in the set. Beau Soleil at 2075 Lakeshore Road (0.08 km) closed leases averaging $2,443 per month at $4.00 per square foot over 623 square feet, making it the closest rent benchmark to the subject. Village Gate at 2121 Lakeshore Rd (0.10 km) recorded a single closed lease at $2,475 per month, $3.30 per square foot, and 750 square feet. 360 on Pearl at 360 Pearl St (0.15 km) closed one lease at $3,800 per month, $2.92 per square foot, and 1,300 square feet, while Bridgewater Residences – East at 2060 Lakeshore Rd (0.18 km) logged two leases averaging $7,100 per month at $4.43 per square foot over 1,600 square feet. The wide dispersion reflects the submarket's split between compact mid-rise product and large-format luxury suites.

Nautique leases at $3.73 per square foot over an average 659-square-foot suite, positioning it at a $0.27 per square foot discount below Beau Soleil ($4.00/sq ft) and a $0.70 per square foot discount below Bridgewater Residences – East ($4.43/sq ft), while carrying a $0.43 per square foot premium over Village Gate ($3.30/sq ft) and a $0.81 per square foot premium over 360 on Pearl ($2.92/sq ft). Against Beau Soleil, Nautique offers 36 additional square feet of interior space at the lower per-square-foot rate, giving tenants more usable area for less. Compared with Village Gate, Nautique's suites are 91 square feet smaller, and against 360 on Pearl they are 641 square feet smaller, yet the subject's 2024 build and full amenity suite justify the per-square-foot premium over those older or larger-footprint alternatives. Bridgewater Residences – East provides 941 more square feet per suite but at a $7,100 average rent that is nearly triple Nautique's realized rate, making the subject the clear value play for renters who prioritize modern finishes and resort-style amenities over raw square footage.

Nautique's 14-amenity lifestyle package—including an outdoor pool, sauna and steam room, hot tub and jacuzzi, library and reading room, and a fire pit—sets it apart from every nearby competitor in at least one signature category. Where Bridgewater Residences – East offers an indoor pool, Nautique provides an outdoor pool alongside a dedicated hot tub and jacuzzi, a combination none of the four comparables replicate. The sauna and steam room at Nautique is absent from Beau Soleil, Village Gate, and Bridgewater, while the library and reading room is a feature no competitor in this set offers. The fire pit and garden courtyard pairing distinguishes Nautique from Beau Soleil (which has a BBQ area but no fire pit) and from 360 on Pearl (which offers a media and theatre room but no outdoor gathering space). Together, these differentiators position Nautique as the ideal fit for young professionals and small families in Downtown Burlington who want resort-style wellness and social amenities in a compact, modern one-bedroom without stepping into the luxury-suite price bracket.