Thompson Residences — Rental Market Data

Thompson Residences carries 8 active listings as of August 31, 2026, with asking rents ranging from $1,950 per month to $5,000 per month, averaging $2,711 per month and a median of $2,422 per month. Active suites average 489 square feet with an average asking rate of $5.61 per square foot. One-bedroom layouts dominate the available inventory with an 87.5 percent share, skewing current active listings heavily toward compact entry-level suites rather than multi-bedroom executive layouts.

The dominant active layout at Thompson Residences is the 1-Bedroom, accounting for 7 active listings and an 87.5 percent inventory share. One-bedroom suites average $2,384 per month across an average of 423 square feet at an asking rate of $5.66 per square foot. The remaining inventory consists of a single 2-bedroom listing representing a 12.5 percent share, averaging $5,000 per month across 950 square feet at an asking rate of $5.26 per square foot.

Thompson Residences features a minimum entry rent of $1,950 per month and a peak asking rent of $5,000 per month, creating a dollar spread of $3,050 and a percentage spread of 156.4 percent. The median asking rent sits at $2,422 per month. The entry-level suite is a 1-bedroom offering 400 square feet at an asking rate of $4.88 per square foot, while the peak suite is a 2-bedroom offering 950 square feet at an asking rate of $5.26 per square foot.

Thompson Residences has active den premium data and square footage deltas that are currently null. Active den marginal cost per square foot cannot be calculated because den dimensions and pricing differentials are unquantified in the active dataset. Active parking premium data cannot be reliably isolated due to an anomalous outlier or insufficient paired sample.

Thompson Residences asks an average of $2,711 per month at $5.61 per square foot, comparing against submarket average asking rents of $3,080 per month at $4.81 per square foot. The lower nominal monthly outlay for subject suites is driven by more compact suite sizing rather than cheaper unit pricing. The building's asking rate per square foot exceeds the submarket asking benchmark by 16.6 percent, while the property accounts for 8 active listings out of 170 total active suites across the Downtown West submarket.

Thompson Residences achieves an average 1-year lease rent of $2,583 per month, closely aligning with the overall competitive benchmark average of $2,564 per month across nearby properties including Six50 King West - King Building, 550 Wellington West, and 20 Stewart. Individual competitor performance varies by age and suite configuration within the immediate King West cluster. Six50 King West - King Building at 650 King St W reports an average lease rent of $2,480 per month at $4.52 per square foot across an average of 559 square feet. 550 Wellington West at 55 Stewart/552 Wellington records an average lease rent of $2,313 per month at $4.80 per square foot across compact 489-square-foot layouts. Meanwhile, 20 Stewart at 20 Stewart St commands an average lease rent of $2,899 per month at $4.07 per square foot across larger 738-square-foot floor plans. Additionally, 32 Stewart at 32 Stewart St is positioned right next door but currently maintains zero active lease transactions in the 180-day tracking window.

Thompson Residences delivers a compelling value proposition, trading at an average 1-year leased rate of $4.54 per square foot across an average suite size of 589 square feet, which positions it competitively against the submarket average asking rate of $4.81 per square foot. Renters evaluating Thompson Residences against 550 Wellington West experience a favorable square foot trade-off, as the subject building provides more interior square footage (averaging 589 square feet versus 550 Wellington West's 489 square feet) while offering a lower rate per square foot of $4.54 compared to 550 Wellington West's higher rate of $4.80 per square foot. Conversely, when compared to 20 Stewart—where older, larger units average 738 square feet at $4.07 per square foot—Thompson Residences trades at an 11.5% premium per square foot in exchange for newer 2016 construction, more efficient modern layouts, and superior building infrastructure.

Thompson Residences delivers an extensive lifestyle and amenity package that outpaces many surrounding mid-2000s competitors in the Downtown West submarket. Signature amenities at Thompson Residences include a concierge and security service, a fully equipped gym and fitness centre, a dedicated yoga studio, an outdoor pool, and a rooftop terrace. When contrasted with nearby peers, Thompson Residences surpasses 20 Stewart—which offers basic features like a concierge, BBQ area, party room, and Beanfield Fibre—by providing an outdoor pool, hot tub, and dedicated fitness spaces. Furthermore, while Six50 King West includes a gym, courtyard, and rooftop terrace, Thompson Residences matches or exceeds these offerings with its dual indoor fitness and yoga infrastructure alongside resort-style pool amenities. This robust amenity suite primarily serves young professionals and urbanites seeking active, hotel-inspired downtown living.