Canary District — Rental Market Data

Canary District has two active rental listings as of August 31, 2026, with asking rents ranging from $2,350 to $2,400 per month and an average and median of $2,375 per month. Both suites measure 400 square feet, producing an average asking rate of $5.94 per square foot. The inventory is evenly split between a 1-Bedroom and a 1-Bedroom + Den layout, each representing 50 percent of active availability, so the current mix skews toward compact entry-level one-bedroom suites rather than multi-bedroom executive configurations.

The dominant active layout at Canary District is the 1-Bedroom, with one unit representing 50 percent of current inventory at an average asking rent of $2,400 per month, 400 square feet, and $6.00 per square foot. The 1-Bedroom + Den tier also holds one unit at 50 percent share, asking $2,350 per month on the same 400-square-foot footprint at $5.88 per square foot. Both tiers are single-listing samples, so neither offers a comparative depth advantage for renters evaluating size or pricing within the building.

Canary District's two active listings span a $50 spread from a minimum entry rent of $2,350 per month to a peak asking rent of $2,400 per month, a 2.1 percent range. The median asking rent sits at $2,375 per month, effectively the midpoint of the pair. The entry-level suite is a 1-Bedroom + Den at 400 square feet and $5.88 per square foot, while the peak suite is a 1-Bedroom at the same 400-square-foot size but commanding $6.00 per square foot.

At Canary District, the active den premium is negative $50 per month, meaning the 1-Bedroom + Den unit asks $50 less than the standard 1-Bedroom despite identical 400-square-foot footprints, so no measurable marginal cost per square foot can be isolated for the den space. Active parking premiums cannot be reliably isolated from current listings due to an insufficient paired sample, though verified historical leases established a $100-per-month parking stall benchmark.

Canary District's active asking rent of $2,375 per month sits well below the East Bayfront submarket average of $3,234 per month, yet the building's $5.94 per square foot exceeds the submarket asking benchmark of $4.65 per square foot by 27.7 percent. The lower monthly outlay is driven entirely by the compact 400-square-foot suite sizing rather than a cheaper per-unit pricing structure. Canary District's two listings represent approximately 2.9 percent of the 70 active listings currently available across the East Bayfront submarket.

Canary District's all-time average closed-lease rent of $2,229 per month undercuts the four-comp average of $2,533 by roughly $304, positioning it as the most affordable option in this immediate East Bayfront cluster. Canary House at 425 Front St E leases at an average of $2,419 per month ($4.29 per square foot across 582 square feet), Canary Commons at 35 Rolling Mills Rd / 180 Mill St commands $2,826 per month ($4.17 per square foot over 696 square feet), Canary Block at 60 Tannery Rd averages $2,361 per month ($3.68 per square foot for 644 square feet), and Maple House at Canary Landing on 131-181 Mill Street leases at $2,526 per month ($3.37 per square foot across 750 square feet). The spread tells a clear story: Canary District rents below the two newer, larger-footprint towers while pricing above the two comps that offer more interior space at a lower per-square-foot rate.

Canary District leases at $4.15 per square foot for an average of 545 square feet, a combination that sits below the submarket leased benchmark of $4.53 per square foot and below the four-comp average of $3.88 per square foot only when adjusted for the building's smaller suite footprint. Against Canary House (582 sq ft at $4.29/sq ft) and Canary Commons (696 sq ft at $4.17/sq ft), the subject building provides 37 and 151 fewer interior square feet respectively, trading at a slight per-square-foot discount of $0.14 and $0.02. Conversely, compared with Canary Block (644 sq ft at $3.68/sq ft) and Maple House at Canary Landing (750 sq ft at $3.37/sq ft), the subject commands a premium of $0.47 and $0.78 per square foot while offering 99 and 205 fewer square feet of living area. Renters choosing Canary District are accepting a more compact suite in exchange for a lower absolute monthly rent and a denser amenity package that includes a sauna and steam room not found at three of the four competitors.

Canary District's amenity profile leans heavily toward wellness and social recreation, distinguishing it from the business- and family-oriented packages at its nearest competitors. The building's sauna and steam room is absent from Canary House, Canary Commons, and Canary Block, giving tenants a dedicated recovery space that only Maple House at Canary Landing matches. The games and billiards room at Canary District is missing from Canary Commons, which instead offers a hobby room and an indoor kids' play area. A dedicated meeting room at the subject building is not available at either Canary House or Canary Commons, both of which substitute a general business centre. The garden and courtyard at 455 Front St E is likewise absent from Canary Commons, whose outdoor offering is limited to a rooftop terrace and BBQ area. In return, tenants forgo the pet wash stations, outdoor pool, EV charging, and children's playgrounds found across the competitor set. This lifestyle package best serves young professionals and couples in their late twenties to mid-thirties who prioritise post-work recovery, social gaming nights, and a walkable waterfront address over family-oriented or pet-centric facilities.