Life — Rental Market Data

Life features 2 active listings as of August 31, 2026, commanding a price range of $2,100 to $3,700 per month with an average asking rent of $2,900 per month and a median asking rent of $2,900 per month. Active suites average 471 square feet at an asking rate of $6.04 per square foot. Equal 50% inventory shares between 1-bedroom and 2-bedroom configurations show that current supply splits evenly across entry-level and multi-bedroom layouts.

1-Bedroom units represent the dominant active layout at Life, securing 1 listing and a 50% inventory share. The 1-bedroom tier averages $2,100 per month across 400 square feet at an asking rate of $5.25 per square foot. The remaining 50% inventory share consists of a single 2-bedroom listing averaging $3,700 per month across 541 square feet at an asking rate of $6.84 per square foot.

Life displays a minimum entry rent of $2,100 per month and a peak asking rent of $3,700 per month, generating a dollar spread of $1,600 or a 76.2% asking spread. Median asking rent rests at $2,900 per month. The entry-level option is a 1-bedroom suite spanning 400 square feet at an asking rate of $5.25 per square foot, whereas the peak tier is a 2-bedroom suite spanning 541 square feet at an asking rate of $6.84 per square foot.

Active den premium data cannot be reliably isolated at Life due to zero active den inventory and a null square footage delta. Parking premium data for active listings cannot be reliably isolated due to an unreliable outlier or insufficient sample. Verified historical leases indicate a realized parking premium of $308 per month.

Life asks an average rent of $2,900 per month at $6.04 per square foot, comparing against North Midtown submarket benchmarks of $2,803 per month and $4.27 per square foot. Higher nominal monthly rents and a 41.5% premium in asking rate per square foot reflect more compact suite sizing rather than elevated baseline pricing. The building accounts for 0.9% of the broader 232-unit submarket active inventory.

Life at 68 Merton St averages $2,528 per month, aligning closely with the overall competitive benchmark average of $2,625 per month across nearby properties including The Rio I, The Radius, and The Metro A. Individual active and historical comps show varied performance: The Rio I (35 Merton St) reports an average lease rent of $2,850 per month at $3.06 per square foot across an average of 931 square feet; The Radius (18 Merton St) records an average lease rent of $2,500 per month at $3.85 per square foot across 650 square feet; and The Metro A (119 Merton St) logs an average lease rent of $2,525 per month at $3.88 per square foot across 650 square feet. Greenwich Terrace (111 Merton St) currently maintains zero closed leases in the past 180 days with no reported rent figures.

Life at 68 Merton St defines its value proposition by offering modern 2016-era construction finishes that trade competitively against larger, older footprints in the immediate North Midtown micro-market. When evaluated against nearby alternatives, the subject building achieves rates per square foot that sit in close parity with properties like Greenwich Terrace, while commanding modest premiums of $0.10 per square foot over The Radius ($3.85 per square foot, 650 square feet) and $0.07 per square foot over The Metro A ($3.88 per square foot, 650 square feet). Renters balance the trade-off between securing newer construction layouts with lower operational and utility burdens versus opting for the larger interior square footages—such as The Rio I's 931-square-foot layouts at $3.06 per square foot—found in turn-of-the-millennium alternatives.

Life at 68 Merton St delivers a comprehensive lifestyle and amenity profile that compares favourably against older neighbouring towers in the North Midtown micro-market. Residents at Life enjoy signature amenities including a Concierge & Security service, Gym & Fitness Centre, Party & Lounge Room, Meeting Room, Games & Billiards Room, Media & Theatre Room, BBQ Area, Shared Laundry Room, and a Dining Room & Kitchen, which directly rival specialized offerings at competing buildings such as The Rio I's Hot Tub & Jacuzzi and Sauna & Steam Room, The Metro A's Car Wash Bay and Pet Wash Station, and Greenwich Terrace's Rooftop Terrace and Garden & Courtyard. This robust amenity suite particularly serves young professionals and couples seeking modern building infrastructure and active communal spaces within a walkable transit-oriented corridor.