The Towne II — Rental Market Data

At The Towne II, the 30-day days on market average is 21 days, the 90-day average is 17 days, and the submarket benchmark stands at 23 days. Closed lease counts shifted from 1 deal in May to 6 deals in July, moderating to 2 deals in August for a lifetime total of 9 completed transactions.

At The Towne II, tenants secured an average discount of $20 per month, representing a 0.63% reduction from asking prices and yielding annual tenant savings of $240 per year. Exactly 44.4% of leases closed below asking price, reflecting a tenant-favorable leasing environment where landlords offered minor concessions to secure commitments.

At The Towne II, the highest-volume anchor layouts are 1-Bedroom + Den and 2-Bedroom configurations. The 1-Bedroom + Den tier comprises 3 closed leases with an average monthly rent of $2,367 per month, a median of $2,350 per month, a P25-P75 range of $2,325 to $2,400 per month, an average size of 750 square feet, a rate of $3.28 per square foot, and an average days on market of 20 days; this represents a limited sample size and directional reference only. The 2-Bedroom tier comprises 3 closed leases with an average monthly rent of $2,717 per month, a median of $2,700 per month, a P25-P75 range of $2,700 to $2,725 per month, an average size of 1,005 square feet, a rate of $2.76 per square foot, and an average days on market of 11 days; this represents a limited sample size and directional reference only. The 2-Bedroom + Den tier comprises 2 closed leases with an average monthly rent of $2,900 per month, a median of $2,900 per month, a P25-P75 range of $2,900 to $2,900 per month, an average size of 1,117 square feet, a rate of $2.60 per square foot, and an average days on market of 15 days; this represents a limited sample size and directional reference only. The 1-Bedroom tier comprises 1 closed lease with an average monthly rent of $2,350 per month, a median of $2,350 per month, a P25-P75 range of $2,350 to $2,350 per month, an average size of 850 square feet, a rate of $2.76 per square foot, and an average days on market of 35 days; note that this represents an individual transaction rather than a broad statistical benchmark.

At The Towne II, realized parking premiums could not be isolated due to insufficient paired data. Suite leasing patterns indicate that parking stalls were bundled directly into the base rent without separate line-item disclosures. Active asking data similarly lacked reliable paired observations to extract an independent parking value.

At The Towne II, overall monthly rent trajectories moved from $2,900 per month in May down to a stable summer average of approximately $2,550 per month. In May 2026, 1 deal closed at an average rent of $2,900 per month, a rate of $2.60 per square foot, and 25 days on market. In July 2026, 6 deals closed at an average rent of $2,567 per month, a rate of $3.03 per square foot, and 15 days on market. In August 2026, 2 deals closed at an average rent of $2,550 per month, a rate of $2.63 per square foot, and 21 days on market.