Concorde Park I — Rental Market Data

Concorde Park I's all-time average realized lease rent of $2,443 per month sits $1,283 below the four-comp cluster average of $3,726 per month, anchored by two high-rent Highgate buildings that pull the benchmark upward. Park II at 7 Concorde Pl (0.05 km, 15 closed leases) averaged $2,470 per month at $3.18 per square foot across 820 square feet, making the subject's rent $27 lower per month. Highgate Residence II at 3 Concorde Pl (0.10 km, 4 closed leases) averaged $4,869 per month at $7.40 per square foot over 693 square feet, placing the subject $2,426 lower per month. Courtyards of Concorde I & II at 18 Concorde Pl (0.14 km, 1 closed lease) averaged $2,550 per month at $3.19 per square foot across 800 square feet, with the subject trading $107 lower per month. Highgate Residence I at 1 Concorde Pl (0.15 km, 4 closed leases) averaged $5,013 per month at $5.02 per square foot over 938 square feet, putting the subject $2,570 lower per month. No competitor in this set recorded zero lease transactions, so every figure above reflects realized closed-lease pricing rather than asking or listing data.

Concorde Park I leases at $3.03 per square foot across an average 832-square-foot suite, trading at a discount below every active competitor in the Concorde Place cluster and 19.9 percent below the Don Mills submarket leased rate of $3.76 per square foot. Against Park II (0.05 km), the subject offers a $0.15 per square foot (4.7 percent) discount while providing 12 more interior square feet, so the $27-per-month lower rent reflects a modestly larger footprint at a slightly lower rate rather than a smaller unit. Versus Highgate Residence II (0.10 km), the subject trades at a $4.37 per square foot (59.1 percent) discount and delivers 139 more interior square feet, meaning the $2,426-per-month rent gap is overwhelmingly driven by the comp's premium per-square-foot pricing on a compact 693-square-foot layout. Courtyards of Concorde I & II (0.14 km) carries a $0.16 per square foot (5.0 percent) premium over the subject, with the subject providing 32 more interior square feet and a $107-per-month lower rent. Highgate Residence I (0.15 km) is the one comp where the subject provides 106 fewer interior square feet, yet still trades at a $1.99 per square foot (39.6 percent) discount, confirming the lower $2,570-per-month rent is a rate differential rather than a space concession.

Concorde Park I offers an 11-feature indoor amenity suite—concierge and security, gym and fitness centre, indoor pool, hot tub and jacuzzi, sauna and steam room, tennis and pickleball court, squash and racquetball court, party and lounge room, meeting room, games and billiards room, and library and reading room—but provides no outdoor recreational or lifestyle spaces. Every nearby competitor layers additional features on top of this core set: Park II adds a car wash bay, media and theatre room, BBQ area, and garden courtyard; Highgate Residence II contributes a hobby room, dining room and kitchen, BBQ area, rooftop terrace, garden courtyard, and putting green; Courtyards of Concorde I & II includes a yoga studio, dog run, children's outdoor playground, woodworking room, rooftop terrace, karaoke room, basketball court, and car wash bay; and Highgate Residence I offers a pet wash station, putting green, rooftop terrace, dining room and kitchen, and BBQ area. The subject's package is squarely indoor-recreation focused—aquatic, fitness, racquet sports, and social gathering—without the outdoor courtyards, pet facilities, or rooftop access that define its peers. This profile best serves cost-conscious professionals and small households who prioritize a full indoor gym-and-pool complex with racquet courts and a meeting room over outdoor leisure spaces, and who value a lower monthly rent at a competitive per-square-foot rate within a walkable Concorde Place cluster.