Fabrik — Rental Market Data

Fabrik at 435 Richmond Street West has one active listing as of August 31, 2026, asking $2,450 per month with both the average and median at that same figure. The suite measures 550 square feet at an asking rate of $4.45 per square foot. This single listing is a one-bedroom plus den, meaning 100 percent of current active inventory sits in the compact entry-plus tier rather than multi-bedroom executive layouts.

The sole active layout at Fabrik is the one-bedroom plus den, accounting for 100 percent of available inventory with one unit on the market. That listing asks $2,450 per month for 550 square feet at $4.45 per square foot. No other bedroom tiers—studio, two-bedroom, or three-bedroom—currently have active listings, so renters in those categories face zero-unit availability at this address.

Fabrik's active pricing spread is effectively zero: the minimum and maximum asking rents are both $2,450 per month, producing a dollar spread of $0 and a percentage spread of 0 percent. The median asking rent also lands at $2,450. The entry-level suite is a one-bedroom plus den at 550 square feet and $4.45 per square foot, and because only one unit is listed, the peak asking suite is identical in type, size, and rate.

Fabrik's active den premium cannot be quantified; the dollar amount, square-footage delta, and marginal cost per square foot for the den are all unrecorded in the current dataset. Parking stall costs at this building also cannot be reliably isolated from the available data, as the paired sample is insufficient to produce a credible monthly figure. Renters should request a direct parking quote from the leasing office before committing.

Fabrik's active asking rent of $2,450 per month and rate of $4.45 per square foot compare favorably against the Downtown West submarket asking benchmark of $3,080 per month at $4.81 per square foot, placing the building 7.5 percent below the submarket asking rate per square foot. The nominal monthly rent is lower partly because the active suite's 550-square-foot footprint is more compact than the submarket's typical asking unit, so the per-square-foot comparison is the more meaningful metric. Fabrik represents one out of 170 active listings in the Downtown West submarket, a 0.6 percent share of total available inventory.

Fabrik's all-time average realized lease rent of $2,879 per month sits $529 above the four-comp benchmark of $2,350, with every nearby competitor recording lower average rents over the trailing 180 days. The Morgan at 438 Richmond St W (0.04 km, 7 closed leases) averaged $2,607 per month at $3.85 per square foot across 693 square feet; The Woodsworth at 458 Richmond St W (0.05 km, 9 closed leases) averaged $2,192 per month at $4.44 per square foot across 498 square feet; Thirtytwo Camden at 32 Camden St (0.06 km, 3 closed leases) averaged $2,650 per month at $3.81 per square foot across 706 square feet; and Soho Condos at 477 Richmond St W (0.09 km, 1 closed lease) averaged $1,950 per month at $3.55 per square foot across 550 square feet. All four competitors posted active lease volume, so each figure reflects realized transactional pricing rather than an untested asking rate, and none of the comparables recorded zero closed leases in the measurement window.

Fabrik's leased rate of $4.37 per square foot across an average 676-square-foot suite places the building above the four-comp average of $3.91 per square foot and 612 square feet, yet below the submarket benchmark of $4.55 per square foot. Against The Morgan (0.04 km), the subject commands a $0.52 per square foot (13.5%) premium while providing 17 fewer interior square feet, meaning the higher nominal rent of $272 per month reflects both a steeper unit rate and a slightly tighter footprint. Against The Woodsworth (0.05 km), the subject trades at a $0.07 per square foot (1.6%) discount while delivering 178 more interior square feet; the $687-per-month nominal rent gap is therefore driven by the substantially larger suite size rather than a higher per-unit valuation, making Fabrik the more space-efficient choice for renters prioritizing square footage. Against Thirtytwo Camden (0.06 km), the subject commands a $0.56 per square foot (14.7%) premium with 30 fewer interior square feet, and against Soho Condos (0.09 km), the subject commands a $0.82 per square foot (23.1%) premium while providing 126 more interior square feet—here the larger footprint partially offsets the higher unit rate, keeping the total monthly delta at $929.

Fabrik offers a 13-item amenity package that exceeds every nearby competitor in breadth, including a Library & Reading Room, Pet Wash Station, and Car Sharing Program that no single peer replicates in full. The Morgan (438 Richmond St W) matches Fabrik on most lifestyle features but adds a Sauna & Steam Room and Massage Room absent from the subject, while Fabrik's Pet Wash Station and Car Sharing Program are not found at The Morgan. The Woodsworth (458 Richmond St W) provides only six amenities—Concierge, Gym, Party Room, Meeting Room, Rooftop Terrace, and BBQ Area—leaving Fabrik's Yoga Studio, Media & Theatre Room, Games & Billiards Room, Dining Room & Kitchen, Library & Reading Room, Pet Wash Station, and Car Sharing Program as clear differentiators. Thirtytwo Camden (32 Camden St) includes a Bike Share program that Fabrik does not offer, but lacks the subject's Yoga Studio, Media & Theatre Room, Library & Reading Room, and Pet Wash Station. Soho Condos (477 Richmond St W) provides only Concierge and Gym, making Fabrik's full lifestyle suite a significant upgrade for renters seeking wellness, social, and remote-work facilities. This amenity profile best serves young professionals and small households in the Downtown West who value a turnkey lifestyle package—yoga, co-working, pet care, and rooftop social space—without the need for third-party gym memberships or off-site meeting rooms.