Mile & Creek - Building 2 — Rental Market Data

Mile & Creek – Building 2 has two active listings as of August 31, 2026, with asking rents ranging from $2,199 to $2,200 per month and an average and median of $2,200. Both units average 600 square feet at a combined asking rate of $3.69 per square foot, and the 100 percent layout share is one-bedroom-plus-den. The current inventory leans toward compact entry-level suites rather than multi-bedroom executive layouts, with the two available footprints (550 and 650 square feet) sitting well below the building's historical lease average of 717 square feet.

The sole active layout at Mile & Creek – Building 2 is the one-bedroom-plus-den, accounting for both listings and a 100 percent inventory share. This small selection of two units averages $2,200 per month, 600 square feet, and $3.69 per square foot, with no studio, two-bedroom, or three-bedroom tiers currently available. Renters seeking a different bedroom configuration will need to look beyond this building's limited active inventory.

Mile & Creek – Building 2 shows a nominal spread of just $1 between its minimum entry rent of $2,199 and peak asking rent of $2,200, a 0 percent dollar spread across two active units. The entry-level suite is a 650-square-foot one-bedroom-plus-den asking $2,199 per month at $3.38 per square foot, while the peak listing is a 550-square-foot one-bedroom-plus-den at $2,200 per month and $4.00 per square foot. The tighter footprint on the higher-priced unit drives the per-square-foot differential despite the near-identical monthly asking rent.

Mile & Creek – Building 2 does not have a quantified den premium, as the active den dollar amount and square-footage delta are unrecorded for the current two listings. Marginal cost per square foot for additional den space therefore cannot be calculated from available data. Parking stall premiums also cannot be reliably isolated from the current sample, and no verified parking add-on figure should be assumed when budgeting monthly costs.

Mile & Creek – Building 2's active asking rent of $2,200 per month and $3.69 per square foot compare to the Milton submarket averages of $2,483 per month and $3.57 per square foot. The building's nominal rent is $283 lower than the submarket asking average, but that gap is explained by the 96-square-foot smaller average footprint (600 versus 696 square feet implied by the submarket), which pushes the per-square-foot rate 3.4 percent above the submarket asking benchmark. The building represents 2 out of 44 available listings in the Milton submarket, or roughly 4.5 percent of total active inventory.

Mile & Creek – Building 2 realized an average lease rent of $2,367 per month over its full leasing history, which is $119 above the four-comparable benchmark of $2,248 and $107 below the Milton submarket average of $2,374. Against the nearest active peer, Mile and Creek at 750 Whitlock Avenue (0.05 km, 2 closed leases, $2,125 average rent, $3.27 per square foot, 650 sq ft), the subject commands a higher monthly rent of $242. Mile And Creek Condos at 720 Whitlock Avenue E (0.1 km, 4 closed leases, $2,188 average rent, $3.28 per square foot, 676 sq ft) also trades below the subject by $179 per month. The highest-volume competitor, Mile & Creek at 740 Whitlock Avenue (0.15 km, 30 closed leases, $2,266 average rent, $3.60 per square foot, 632 sq ft), sits $101 below the subject's realized rent. The one competitor above the subject is Mile & Creek – Building 1 at 770 Whitlock Ave (0.31 km, 10 closed leases, $2,413 average rent, $3.36 per square foot, 740 sq ft), where the subject trades at a lower monthly rent of $46. All four competitors recorded positive lease volume over the trailing 180 days, so each provides a realized pricing reference rather than a zero-transaction placeholder.

Mile & Creek – Building 2 leases at an average rate of $3.32 per square foot across 717 square feet of interior space, positioning it below the four-comparable average of $3.38 per square foot and 675 square feet while delivering a larger suite footprint than three of four nearby peers. Against Mile and Creek (750 Whitlock Ave), the subject commands a $0.05 per square foot (1.5%) premium and provides 67 more interior square feet, so the higher nominal rent of $242 reflects both a rate advantage and additional living area. Compared with Mile And Creek Condos (720 Whitlock Ave E), the subject carries a $0.04 per square foot (1.2%) premium and 41 additional square feet, again pairing a modest rate edge with a larger footprint. The trade-off sharpens against Mile & Creek at 740 Whitlock Avenue: the subject trades at a $0.28 per square foot (7.8%) discount below that competitor yet still realizes $101 more in monthly rent because it provides 85 more interior square feet—the nominal rent variance is driven by the expanded suite size rather than asset valuation. Against Mile & Creek – Building 1 (770 Whitlock Ave), the subject trades at a $0.04 per square foot (1.2%) discount and provides 23 fewer interior square feet, resulting in a $46 lower monthly rent; here both the rate and the footprint work in the same direction, making Building 1 the larger, slightly pricier option for renters prioritizing space.

Mile & Creek – Building 2 offers a 12-feature lifestyle package that includes a Meeting Room and Dining Room & Kitchen, two amenities absent from three of its four immediate competitors, giving it a functional edge for remote-work and social-dining tenants. Specifically, the subject's Meeting Room is not available at Mile and Creek (750 Whitlock Ave), Mile And Creek Condos (720 Whitlock Ave E), or Mile & Creek – Building 1 (770 Whitlock Ave); only the 740 Whitlock Avenue building matches that feature. The subject's Dining Room & Kitchen is likewise missing from both the 750 and 720 Whitlock Avenue buildings, though it appears at 740 Whitlock Avenue and Building 1. In return, the subject does not offer the EV Charging Station found at Mile And Creek Condos or the Games & Billiards Room at 740 Whitlock Avenue, two lifestyle touches that may matter to specific tenant segments. All four buildings share a core set of concierge, gym, yoga studio, media room, business centre, party lounge, rooftop terrace, BBQ area, pet wash station, and automated parcel storage, so the differentiating features are narrow but meaningful. The building's amenity mix—pairing a dedicated meeting room and full kitchen/dining space with a rooftop terrace and pet wash station—best serves young professionals and small households in Milton who want a turnkey remote-work setup and social hosting capability without paying for a luxury resort-style package.