The Palm — Rental Market Data

The Palm features 2 active listings as of August 31, 2026, with an overall price range spanning $2,600 to $2,700 per month, an average asking rent of $2,650 per month, and a median asking rent of $2,650 per month. Active inventory averages 751 square feet with an average asking rate of $3.53 per square foot. The current available inventory consists entirely of 2-bedroom layouts, representing a 100% share of active listings and leaning exclusively toward multi-occupant executive layouts.

The dominant active layout at The Palm is the 2-Bedroom suite, which accounts for 2 active listings and a 100% share of current inventory. Available 2-bedroom units average $2,650 per month across an average of 751 square feet at an asking rate of $3.53 per square foot.

The Palm exhibits a minimum entry rent of $2,600 per month and a peak asking rent of $2,700 per month, creating a nominal dollar spread of $100 and a percentage spread of 3.8%. The median asking rent stands at $2,650 per month, while the entry-level tier consists of a 2-bedroom suite measuring 752 square feet at an asking rate of $3.46 per square foot. By comparison, the peak suite is a 2-bedroom layout spanning 750 square feet with an asking rate of $3.60 per square foot.

Active den premium data is currently unquantified as active den square footage deltas are not present in the active dataset. Verified parking stalls at The Palm require an additional fee of $100 per month.

The Palm asks an average rent of $2,650 per month at $3.53 per square foot, sitting below the North York City Centre submarket asking average of $2,753 per month at $3.84 per square foot. The nominal rent variance is influenced by suite sizing differences across available inventory, and the building's active rate per square foot trades at 8.1% below the submarket asking benchmark while representing a 0.9% share of submarket inventory.

The Palm achieves an average lease rent of $2,525 per month, sitting slightly below the overall micro-market comp average of $2,630 per month while trading competitively against key benchmarks such as Place Nouveau I and Luxe Condominiums - I. Specifically, Place Nouveau II at 5765 Yonge St reports 2 closed leases with an average rent of $2,638 per month at $2.92 per square foot across an average of 925 square feet. Place Nouveau I at 5785 Yonge St records 4 closed leases averaging $2,863 per month at $4.22 per square foot across 875 square feet. Luxe Condominiums - I at 5791 Yonge St exhibits 12 closed leases averaging $2,500 per month at $3.50 per square foot across 724 square feet. Finally, Luxe Condominiums II at 5793 Yonge St posts 8 closed leases averaging $2,519 per month at $3.40 per square foot across 750 square feet.

The Palm establishes its value proposition by offering a leased rate of $3.52 per square foot across an average of 725 square feet, aligning closely with adjacent mid-generation alternatives while providing modern building systems compared to older inventory in the node. Renters at the subject building navigate a practical trade-off, securing efficient, contemporary layouts that reduce wasted hallway space and utility burdens relative to older, larger footprints like the 925 square feet found at Place Nouveau II, which leases at $2.92 per square foot, or the 875 square feet at Place Nouveau I, which commands $4.22 per square foot. Meanwhile, the subject property maintains parity with nearby early-2010s peers such as Luxe Condominiums - I at $3.50 per square foot across 724 square feet and Luxe Condominiums II at $3.40 per square foot across 750 square feet.

The Palm delivers an extensive lifestyle and amenity package that successfully rivals or exceeds the offerings of surrounding mid-generation and early-2010s developments in North York City Centre. Residents enjoy signature features including an indoor pool, a fully equipped gym and fitness centre, a dedicated sauna and steam room, an exclusive rooftop terrace, and a distinctive rain room, which collectively elevate the property above older alternatives. By comparison, Place Nouveau II and Place Nouveau I feature standard recreational facilities like indoor pools, squash courts, and hot tubs but lack modern experiential spaces like the subject building's rain room and expansive rooftop terrace. Meanwhile, nearby contemporaries such as Luxe Condominiums II provide yoga studios, reading rooms, and rooftop spaces, yet The Palm maintains a competitive edge for professionals and lifestyle-focused tenants seeking a comprehensive wellness and entertainment suite under one roof.