Liberty Market Lofts — Rental Market Data

Liberty Market Lofts at 5 Hanna Ave has two active listings as of August 31, 2026, with asking rents ranging from $2,900 to $2,950 per month and an average of $2,925 per month. Both suites average 638 square feet at an asking rate of $4.59 per square foot, and the entire active inventory consists of one-bedroom layouts representing 100 percent of available units. This small selection skews toward compact entry-level one-bedroom suites rather than multi-bedroom executive configurations, with no two-bedroom or larger options currently on the market.

The dominant and sole active layout at Liberty Market Lofts is the one-bedroom, with two listings comprising 100 percent of available inventory. Both units average $2,925 per month across 638 square feet at $4.59 per square foot, and no other bedroom tiers are currently listed. Renter options are therefore limited to this single layout tier, with no two-bedroom or studio alternatives available in the building at this time.

Liberty Market Lofts shows a minimum entry rent of $2,900 per month and a peak asking rent of $2,950 per month, producing a dollar spread of $50 and a percentage spread of 1.7 percent. The median asking rent sits at $2,925 per month across both listings. The entry-level suite is a 625-square-foot one-bedroom asking $2,900 at $4.64 per square foot, while the peak suite is a 650-square-foot one-bedroom at $2,950 and $4.54 per square foot, meaning the larger unit actually carries a slightly lower rate per square foot.

Active den premiums and square-footage deltas at Liberty Market Lofts cannot be quantified due to insufficient paired sample data across the two available listings. Parking stall costs likewise cannot be reliably isolated, as the paired sample is too small or contains anomalous outliers to produce a defensible monthly figure. Renters should request direct pricing from the leasing office for both den configurations and parking add-ons rather than relying on platform-quoted premiums.

Liberty Market Lofts asks an average of $2,925 per month at $4.59 per square foot, compared to the Liberty Village submarket average asking rent of $2,900 per month and $4.45 per square foot. The building's 3.1 percent premium on a rate-per-square-foot basis reflects its slightly higher positioning within the submarket, while the nominal monthly rent is only marginally above the submarket average because active suites at 638 square feet are more compact than the submarket norm. Liberty Market Lofts accounts for 2 out of 70 available listings in the Liberty Village submarket, representing a 2.9 percent share of total active inventory.

Liberty Market Lofts realized an average lease rent of $3,135 per month over the trailing year, sitting $196 above the four-comp benchmark of $2,939 and outpacing three of four nearby peers on a nominal basis. Toy Factory Lofts at 43 Hanna Ave (0.16 km, 5 closed leases) averaged $3,479 per month at $3.96 per square foot across 900 square feet, meaning the subject trades at a $344-per-month lower rent than this 2009-era competitor. Liberty Market Tower at 135 East Liberty St (0.17 km, 18 closed leases) averaged $2,656 per month at $4.71 per square foot across 584 square feet, placing the subject $479 higher in monthly rent. Liberty Place at 150 East Liberty St (0.23 km, 22 closed leases) recorded $2,540 per month at $4.33 per square foot across 600 square feet, with the subject commanding $595 more per month. King West Condominiums – I at 85 East Liberty St (0.25 km, 17 closed leases) averaged $3,082 per month at $4.17 per square foot across 759 square feet, a near-parity spread of just $53 in the subject's favour. All four competitors posted active closed-lease volume, so no zero-transaction reference buildings dilute this comparison.

Liberty Market Lofts leases at $4.31 per square foot across an average 737-square-foot suite, a rate and size combination that splits the difference between the premium-per-foot newer towers and the larger-footprint older lofts in this immediate pocket. Against Toy Factory Lofts, the subject commands a $0.35-per-square-foot (8.8%) premium while providing 163 fewer interior square feet; the lower nominal rent of $344 per month is entirely a function of the smaller footprint rather than a weaker per-foot rate. Liberty Market Tower presents the inverse trade-off: the subject trades at a $0.40-per-square-foot (8.5%) discount below this 2022 building yet delivers 153 more interior square feet, so the $479 higher monthly rent reflects additional space rather than a higher valuation per foot. Liberty Place shows a near-identical pattern, with the subject at a $0.02-per-square-foot (0.5%) discount and 137 more square feet, meaning the $595 rent premium is almost purely a size premium. King West Condominiums – I, the closest in both age and scale, sees the subject at a $0.14-per-square-foot (3.4%) premium with 22 fewer square feet, a modest rate advantage that more than offsets the slight size reduction.

Liberty Market Lofts fields a 13-item amenity suite that differentiates sharply on creative-lifestyle and pet-friendly features absent from every nearby competitor. The building's Basketball Court, Pet Wash Station, Hobby Room, and Art Gallery have no direct counterpart in Toy Factory Lofts, Liberty Market Tower, Liberty Place, or King West Condominiums – I, giving renters a maker-oriented, community-driven environment that the surrounding towers do not replicate. Conversely, the competitors lean on aquatic and wellness infrastructure the subject lacks: Toy Factory Lofts and King West Condominiums – I both offer Sauna & Steam Room and Hot Tub & Jacuzzi facilities, while King West adds an Indoor Pool, Golf Simulator, Bowling Alley, and Hair Salon & Spa. Liberty Market Tower and Liberty Place each include a Media & Theatre Room and Games & Billiards Room that the subject does not carry, and Liberty Market Tower's EV Charging Station is also absent here. The subject's package—centred on a Yoga Studio, Business Centre, Meeting Room, Dining Room & Kitchen, Rooftop Terrace, and the unique Art Gallery and Hobby Room—best serves creative professionals, small-business operators, and pet-owning renters who prioritise collaborative workspace and community programming over resort-style wellness or media entertainment.