Fashion House - Adelaide Building — Rental Market Data

Fashion House - Adelaide Building has two active rental listings as of August 31, 2026, spanning a price range of $2,350 to $3,300 per month with an average and median asking rent of $2,825. The combined average suite size is 700 square feet at an asking rate of $4.08 per square foot, and the inventory splits evenly between one-bedroom and two-bedroom layouts at 50 percent each. Both tiers are represented by a single listing, so the building offers no depth in any bedroom category and current stock leans toward mid-size and executive footprints rather than compact entry-level units.

The dominant active layout at Fashion House - Adelaide Building is the one-bedroom tier, with one listing representing 50 percent of available inventory at an average asking rent of $2,350 per month across 550 square feet and a rate of $4.27 per square foot. The two-bedroom tier mirrors that share with one listing at $3,300 per month over 850 square feet, pricing out to $3.88 per square foot. Both tiers are single-listing samples, so renters should treat each as an individual deal rather than a representative market rate.

Fashion House - Adelaide Building shows a minimum entry asking rent of $2,350 per month and a peak asking rent of $3,300 per month, producing a dollar spread of $950 or 40.4 percent across the two active units. The median asking rent sits at $2,825 per month, anchoring the midpoint of that range. The entry-level suite is a one-bedroom at 550 square feet priced at $4.27 per square foot, while the peak offering is a two-bedroom at 850 square feet priced at $3.88 per square foot, reflecting the inverse relationship between suite size and per-square-foot rate within this small sample.

Fashion House - Adelaide Building does not have a quantified active den premium, as no paired den-versus-no-den listings exist in the current inventory to isolate a marginal cost per square foot. Parking stall premiums likewise cannot be reliably isolated from the available data, and no verified monthly parking fee should be assumed for either active listing. Renters interested in den space or parking should request itemized add-on costs directly from the leasing office.

Fashion House - Adelaide Building's active asking rate of $4.08 per square foot sits 15.2 percent below the Downtown West submarket asking benchmark of $4.81 per square foot, even though the average nominal rent of $2,825 per month is slightly under the submarket average of $3,080. The building's active suites average 700 square feet, which is 60 square feet larger than the submarket implied average of 640 square feet, so the lower per-square-foot rate partly reflects more expansive footprints rather than a discount on unit quality. The two active listings represent 2 out of 170 available listings in the Downtown West submarket, or roughly 1.2 percent of total active inventory.

Fashion House – Adelaide Building's all-time average realized lease rent of $2,333 per month sits $995 below the four-comp benchmark of $3,328, a gap driven entirely by the subject's smaller suite footprint rather than a weaker per-square-foot valuation. Against 455 Adelaide W (10 Morrison St, 0.05 km, six closed leases, $3,050 average rent, $4.02 per square foot, 761 sq ft), the subject trades at a $717-per-month lower nominal rent. Fashion House – King Building (560 King St W, 0.08 km, 18 closed leases, $2,892 average rent, $4.38 per square foot, 676 sq ft) shows the subject at $559 per month lower. 123 Portland (123 Portland St, 0.09 km, six closed leases, $3,618 average rent, $4.20 per square foot, 825 sq ft) places the subject $1,285 per month below its realized rent. Quad Lofts I (19 Brant St, 0.15 km, one closed lease, $3,750 average rent, $5.00 per square foot, 750 sq ft) represents the widest gap at $1,417 per month lower for the subject; with only a single closed lease in the trailing 180 days, Quad Lofts I functions as a limited-volume reference point rather than a high-confidence pricing benchmark.

Fashion House – Adelaide Building leases at $4.72 per square foot across an average 500-square-foot suite, positioning it above the four-comp average of $4.40 per square foot while offering 253 fewer interior square feet than the 753-square-foot comp mean. Against 455 Adelaide W (10 Morrison St), the subject commands a $0.70 per square foot (17.4 percent) premium while providing 261 fewer interior square feet, meaning the lower nominal rent of $717 per month is a footprint effect, not a valuation discount. Versus Fashion House – King Building (560 King St W), the subject carries a $0.34 per square foot (7.8 percent) premium with 176 fewer interior square feet, again compressing total rent through a smaller plan. 123 Portland (123 Portland St) shows a $0.52 per square foot (12.4 percent) subject premium alongside 325 fewer interior square feet, the largest size delta in the set. Quad Lofts I (19 Brant St) is the sole exception: the subject trades at a $0.28 per square foot (5.6 percent) discount below that comp while still providing 250 fewer interior square feet, making it the one peer where both the rate and the total rent run lower.

Fashion House – Adelaide Building fields a ten-item amenity suite that outpaces three of its four nearby competitors in lifestyle breadth, though it cedes specific wellness and tech features to 123 Portland and Quad Lofts I. The subject's outdoor pool, rooftop terrace, dining room and kitchen, and media/theatre room are all absent from 455 Adelaide W (10 Morrison St), which offers only concierge, BBQ, a party lounge, and a garden courtyard. Against its sister property Fashion House – King Building (560 King St W), the subject adds a dedicated meeting room to an otherwise near-identical package. 123 Portland (123 Portland St) counters with a pet wash station, business centre, and EV charging station that the subject does not provide, while the subject retains the outdoor pool, media/theatre room, BBQ area, and garden courtyard that 123 Portland lacks. Quad Lofts I (19 Brant St) differentiates with an indoor pool, sauna and steam room, and a games/billiards room, whereas the subject's outdoor pool, rooftop terrace, and dining room and kitchen are not in that building's offering. The resulting lifestyle package—open-air aquatic access, a full dining kitchen, rooftop entertaining, and a dedicated meeting space—best serves young professionals and small households in Downtown West who want resort-style common areas and remote-work flexibility without the premium pricing of the larger-footprint 2024-era stock nearby.