Forward — Rental Market Data

Forward at 70 Queens Wharf Road has three active listings as of August 31, 2026, spanning $2,400 to $3,900 per month with an average asking rent of $2,917 and a median of $2,450. The three suites average 743 square feet at a blended asking rate of $4.05 per square foot. Each layout tier—1-Bedroom, 1-Bedroom + Den, and 3-Bedroom+—holds exactly one unit, so inventory is evenly split across compact entry-level and multi-bedroom executive formats rather than concentrating in any single tier.

Forward's active inventory is evenly divided, with the 1-Bedroom tier holding one unit at a 33.3 percent share, alongside one 1-Bedroom + Den and one 3-Bedroom+ unit. The 1-Bedroom asks $2,400 per month on 550 square feet at $4.36 per square foot, the 1-Bedroom + Den lists at $2,450 on 579 square feet at $4.23 per square foot, and the 3-Bedroom+ commands $3,900 on 1,100 square feet at $3.55 per square foot. No tier offers a second option, so renters in any given bedroom count face single-listing scarcity.

Forward's three active listings span a $1,500 spread from a $2,400 entry point to a $3,900 peak, a 62.5 percent range with a median asking rent of $2,450 per month. The entry-level suite is a 1-Bedroom at 550 square feet priced at $4.36 per square foot, while the peak listing is a 3-Bedroom+ at 1,100 square feet priced at $3.55 per square foot. The wider footprint of the top-tier unit drives the higher absolute rent despite its lower per-square-foot rate.

Forward's active den premium is quantified at $50 per month for an additional 29 square feet of den space, translating to a marginal cost of $1.72 per square foot for the extra room. Active parking stall premiums cannot be reliably isolated from the current dataset due to insufficient paired samples, so no verified parking add-on figure is available for these three listings.

Forward's active asking rent of $2,917 per month sits below the CityPlace / Fort York submarket average of $3,101, while its blended rate of $4.05 per square foot undercuts the submarket asking benchmark of $4.58 by 11.6 percent. The nominal rent gap narrows when suite size is factored in: Forward's active listings average 743 square feet versus the submarket's typical lease footprint, so the lower per-square-foot rate partially offsets the larger footprints. The building represents three out of 148 available listings in the submarket, or roughly two percent of total active inventory.

Forward's one-year average realized lease rent of $2,691 per month sits $26 above the four-building comp benchmark of $2,665, with the spread driven primarily by suite-size differences rather than a uniform rate premium. Exchange at 90 Queens Wharf Rd (0.04 km, 8 closed leases) posted an average rent of $2,963 per month at $4.10 per square foot across 719 square feet, meaning Forward's realized rent runs $272 per month lower than that peer. Newton at 80 Queens Wharf Rd (0.05 km, 15 closed leases) averaged $2,685 per month at $4.35 per square foot over 617 square feet, placing Forward just $6 per month above that benchmark. Spectra at 85 Queens Wharf Rd (0.08 km, 29 closed leases) recorded $2,581 per month at $4.13 per square foot across 643 square feet, so Forward trades $110 per month higher. Library District at 170 Fort York Blvd (0.1 km, 17 closed leases) averaged $2,431 per month at $4.88 per square foot over 511 square feet, with Forward's realized rent $260 per month above that figure.

Forward offers a $4.22-per-square-foot leased rate across an average 646-square-foot suite, positioning the building at a discount to the comp-set average of $4.37 per square foot while delivering more interior space than three of four nearby alternatives. Against Exchange, Forward trades at a $0.12-per-square-foot (2.9 percent) premium yet provides 73 fewer interior square feet, so the lower nominal rent of $272 per month is a direct function of the smaller footprint rather than a weaker asset valuation. Newton presents the inverse trade-off: Forward's rate sits at a $0.13-per-square-foot (3.0 percent) discount below Newton, and the 29 additional square feet in a Forward suite explain the marginal $6-per-month rent increase without implying any rate premium. Spectra shows Forward commanding a $0.09-per-square-foot (2.2 percent) premium with 3 more square feet, a near-identical footprint where the modest $110 rent gap reflects genuine per-foot value. Library District is the sharpest contrast—Forward trades at a $0.66-per-square-foot (13.5 percent) discount while delivering 135 more interior square feet, meaning the $260 higher nominal rent is entirely a footprint effect, not a rate advantage.

Forward's 21-amenity package—including an indoor pool, hot tub, sauna and steam room, basketball court, dedicated art and dance studios, pet wash station, and a shared laundry room—places it squarely in the full-service tier of the Queens Wharf cluster, with only marginal differentiators separating it from same-generation peers. The shared laundry room is the one facility Forward offers that none of the four competitors list, a practical convenience absent from Exchange, Newton, Spectra, and Library District. In the other direction, Exchange adds a tanning deck and photo studio, Newton includes a tai chi deck and photo studio, and Spectra layers in a spin studio, badminton court, outdoor tai chi deck, and a library and reading room that Forward does not carry. Library District, the oldest asset in the set, forgoes aquatic and court-sport facilities entirely, offering a leaner wellness and social mix. The building's lifestyle package—combining full aquatic recreation, dedicated creative studios, pet services, and in-building laundry—best serves young professionals and small families in their mid-to-late twenties who want a turnkey social and wellness environment without the premium per-foot pricing of the compact-suite alternatives nearby.