Mobilio - East Tower — Rental Market Data

Mobilio – East Tower carries eight active listings as of August 31, 2026, with asking rents ranging from $1,725 to $2,600 per month, an average of $2,249, and a median of $2,295. The average suite measures 566 square feet at an asking rate of $4.04 per square foot. Inventory splits evenly between the 1-Bedroom + Den and 2-Bedroom tiers at 37.5 percent each, with single Studio and 1-Bedroom units rounding out the mix, indicating a balanced offering that leans slightly toward compact entry-level suites rather than multi-bedroom executive layouts.

The 1-Bedroom + Den leads active inventory with three listings representing 37.5 percent of available units, followed closely by the 2-Bedroom tier at three units and the same 37.5 percent share. The 1-Bedroom + Den averages $2,273 per month across 550 square feet at $4.13 per square foot, while the 2-Bedroom tier averages $2,533 per month over 693 square feet at $3.66 per square foot. Single listings in the Studio and 1-Bedroom tiers each account for 12.5 percent of inventory, with the Studio at $1,725 for 400 square feet ($4.31 per square foot) and the 1-Bedroom at $1,850 for 400 square feet ($4.63 per square foot).

Mobilio – East Tower's active listings span a $875 spread from a minimum entry rent of $1,725 to a peak asking rent of $2,600 per month, a 50.7 percent range. The median asking rent sits at $2,295 per month. The entry-level Studio offers 400 square feet at $4.31 per square foot, while the peak 2-Bedroom suite provides 750 square feet at a more efficient $3.47 per square foot, illustrating how larger layouts deliver meaningfully lower unit pricing.

Mobilio – East Tower's active den premium is quantified at $423 per month for an additional 150 square feet of den space, equating to a marginal cost of $2.82 per square foot for the extra area. Active parking premiums cannot be reliably isolated from current listings due to insufficient paired samples, though verified historical leases established a $66 per month parking stall benchmark.

Mobilio – East Tower's active asking rent of $2,249 per month sits $66 below the Vaughan Metropolitan Centre submarket average of $2,315, yet its $4.04 per square foot rate exceeds the submarket asking benchmark of $3.73 per square foot by 8.3 percent. The lower nominal outlay is driven by more compact suite sizing—566 square feet on average—rather than cheaper unit pricing. The building's eight active listings represent approximately 7 percent of the submarket's 115 total active listings.

Mobilio – East Tower's all-time average closed-lease rent of $2,158 per month sits $86 (4.1%) above the four-comp average of $2,072, with the nearest benchmarks being Mobilio – South Tower at $2,130 and Mobilio – West Tower at $2,131 per month. Grand Festival – Landmark Tower (28 Interchange Way) closed leases averaging $2,050 per month at $3.82 per square foot across 546 square feet of space, while Festival – Landmark Tower (195 Commerce St) realized $1,976 per month at $3.86 per square foot over 520 square feet. The two sister Mobilio towers—South Tower at $2,130 per month, $4.09 per square foot, 528 square feet, and West Tower at $2,131 per month, $3.90 per square foot, 552 square feet—book within a narrow $1 band of each other and roughly $27 to $28 below the East Tower's realized average, confirming that the East Tower's premium is driven more by its per-square-foot rate than by suite size.

Mobilio – East Tower leases at $4.12 per square foot on an average 533-square-foot suite, a rate that runs $0.20 (5.1%) above the four-comp average of $3.92 per square foot and $0.41 (11.0%) above the broader Vaughan Metropolitan Centre submarket benchmark of $3.71 per square foot. Against Mobilio – West Tower (552 sq ft, $3.90/SF), the East Tower's suites are 19 square feet smaller yet carry a $0.22-per-square-foot premium, meaning renters trade roughly 3.4% less interior space for a 5.6% higher rate. Compared with Grand Festival – Landmark Tower (546 sq ft, $3.82/SF), the East Tower again offers 13 fewer square feet at a $0.30-per-square-foot premium, while against Festival – Landmark Tower (520 sq ft, $3.86/SF) the East Tower actually provides 13 more square feet at a $0.26-per-square-foot premium. The consistent pattern is clear: tenants choosing the East Tower accept a per-square-foot premium across the board, and in two of four comparisons they also receive slightly less interior area, making the building's value proposition hinge on brand, location convenience, and its specific amenity curation rather than raw space or rate competitiveness.

Mobilio – East Tower differentiates itself in the Vaughan Metropolitan Centre with a lifestyle package centred on outdoor social gathering and dedicated fitness, setting it apart from the resort-style amenity suites at the nearby Festival towers. The building's rooftop fire pit is unique among all four comparables—neither Mobilio – South Tower, Mobilio – West Tower, Grand Festival – Landmark Tower, nor Festival – Landmark Tower offers an outdoor fire feature—giving East Tower residents a year-round al fresco lounge that the others simply lack. Its dedicated yoga studio is absent from both South Tower and Grand Festival (which substitutes a spin studio), giving East Tower a calmer, flexibility-focused fitness option that those two buildings do not match. While Grand Festival and Festival both provide indoor pools, saunas, steam rooms, and dog runs that the East Tower does not include, the East Tower counters with a combined indoor kids' play room and outdoor children's playground pairing that South Tower also offers but that the Festival towers complement with elevated pedestrian bridges and outdoor theatres rather than dedicated play zones. The net effect is a building best suited to active young professionals and small families who prioritise outdoor social spaces, targeted fitness programming, and a walkable Vaughan Metropolitan Centre address over resort-style spa and aquatic amenities.