Fashion House - King Building — Rental Market Data

Fashion House – King Building carries three active listings as of August 31, 2026, spanning $2,295 to $4,000 per month with an average asking rent of $3,265 and a median of $3,500. The average suite measures 800 square feet at an asking rate of $4.09 per square foot, and the two-bedroom tier dominates at 66.7 percent of available inventory. Current listings lean toward larger multi-bedroom layouts rather than compact entry-level suites, with the sole one-bedroom unit at 550 square feet representing the only sub-600-square-foot option on the market.

The two-bedroom layout leads active inventory with two units representing 66.7 percent of available space, averaging $3,750 per month across 925 square feet at $4.05 per square foot. The one-bedroom tier holds a single listing at 33.3 percent share, asking $2,295 per month on 550 square feet at $4.17 per square foot. No studio or three-bedroom units are currently listed, leaving renters with a narrow two-tier selection.

Fashion House – King Building's active asking rents range from $2,295 to $4,000 per month, a $1,705 spread representing 74.3 percent variance between the entry and peak units. The median asking rent sits at $3,500 per month. The entry-level one-bedroom at 550 square feet asks $4.17 per square foot, while the peak two-bedroom at 950 square foot commands $4.21 per square foot, a modest four-cent-per-square-foot premium for the additional 400 square feet of living space.

Den premiums and marginal cost per square foot for extra den space cannot be quantified at Fashion House – King Building due to insufficient paired active listings. Active parking stall costs also cannot be reliably isolated from the current sample, as the data reflects an anomalous outlier or insufficient paired transactions. Historical lease records do confirm a verified parking premium of $265 per month, which serves as the most reliable reference point for budgeting.

Fashion House – King Building asks an average of $3,265 per month at $4.09 per square foot, compared to the Downtown West submarket asking benchmark of $3,080 per month and $4.81 per square foot. The building's nominal rent runs $185 above the submarket average, yet its rate per square foot is 15 percent lower, a gap fully explained by the 800-square-foot active footprint versus the smaller suites typically transacting across the broader submarket. The building accounts for three out of 170 available listings in Downtown West, or roughly 1.8 percent of total submarket inventory.

Fashion House – King Building's one-year average realized rent of $2,860 per month sits $217 below the four-comp benchmark of $3,077, with the spread driven primarily by smaller suite footprints rather than a weaker rate per square foot. Against 455 Adelaide W (10 Morrison St, 0.07 km, six closed leases, $3,050 average rent, $4.02 per square foot, 761 sq ft), the subject trades at a $190-per-month lower rent. Fashion House – Adelaide Building (461 Adelaide St W, 0.08 km, four closed leases, $2,313 average rent, $4.56 per square foot, 513 sq ft) is the one comp where the subject commands a $547-per-month higher rent, reflecting the King Building's larger 667-square-foot average suite versus Adelaide's 513. Seventy5 Portland (75 Portland St, 0.13 km, seven closed leases, $3,807 average rent, $4.34 per square foot, 852 sq ft) shows the widest gap: the subject's rent is $947 lower, a function of 185 fewer square feet per suite. Finally, 66 Portland (66 Portland St, 0.15 km, four closed leases, $3,138 average rent, $4.18 per square foot, 751 sq ft) carries a $278-per-month premium over the subject, again tied to its 84-square-foot larger average unit.

Fashion House – King Building leases at $4.40 per square foot over an average 667-square-foot suite, a rate that runs above the four-comp mean of $4.28 per square foot while delivering roughly 52 fewer square feet than the 719-square-foot comp average, making it a compact, rate-dense product in the Downtown West pocket. Versus 455 Adelaide W (10 Morrison St), the subject commands a $0.38-per-square-foot (9.5 percent) premium while providing 94 fewer interior square feet, so the higher per-foot rate is offset by a tighter footprint that keeps total monthly rent $190 below that comp. Against Fashion House – Adelaide Building (461 Adelaide St W), the subject trades at a $0.16-per-square-foot (3.5 percent) discount and provides 154 more interior square feet, meaning renters gain meaningful space at a lower per-foot rate, though the larger suite pushes total rent $547 higher. Seventy5 Portland (75 Portland St) sees the subject at a $0.06-per-square-foot (1.4 percent) premium with 185 fewer square feet, and 66 Portland (66 Portland St) shows a $0.22-per-square-foot (5.3 percent) premium with 84 fewer square feet. In every active comparison, the nominal rent variance is a footprint effect: the King Building's smaller suites compress total rent even as its per-square-foot rate holds at or above peer levels.

Fashion House – King Building offers a nine-item amenity suite that includes an outdoor pool, media and theatre room, and a dedicated dining room and kitchen—three lifestyle features absent from three of its four immediate competitors. 455 Adelaide W (10 Morrison St) provides only concierge, BBQ, party lounge, and garden courtyard, lacking any aquatic, fitness, or entertainment programming. Seventy5 Portland (75 Portland St) adds a gym and games room but omits the outdoor pool, media theatre, dining kitchen, and BBQ area. 66 Portland (66 Portland St) is the leanest peer, offering just concierge, BBQ, party lounge, and rooftop terrace with no fitness, aquatic, or media facilities. Fashion House – Adelaide Building (461 Adelaide St W) is the closest match, carrying every King Building amenity plus a meeting room, making it the only true amenity peer in the set. The King Building's combination of an outdoor pool, full gym and fitness centre, media theatre, and communal dining kitchen targets professionals and young households who want resort-style recreation and social programming within a walkable radius of the Entertainment District, without paying the larger-suite premiums that Seventy5 Portland or 66 Portland demand for comparable lifestyle access.