88 North — Rental Market Data

At 88 North on 77 Shuter St, active inventory totals 4 units as of August 31, 2026, with asking rents ranging from $2,300 to $3,050 per month and an average asking rent of $2,525 per month alongside a median of $2,375 per month. Active suites average 582 square feet with an asking rate of $4.33 per square foot, dominated by 1-Bedroom + Den layouts accounting for 75 percent of current listings. This inventory leans toward compact, functional entry-level layouts rather than large multi-bedroom executive footprints.

The dominant active layout at 88 North is the 1-Bedroom + Den, accounting for 3 active listings and a 75 percent inventory share. This tier averages $2,350 per month with a median asking rent of $2,350 per month, spanning an average of 559 square feet at an asking rate of $4.20 per square foot. The remaining inventory consists of a single 2-Bedroom suite holding a 25 percent share, asking an average of $3,050 per month across 650 square feet at $4.69 per square foot.

At 88 North, the pricing spread spans a minimum entry rent of $2,300 per month and a peak asking rent of $3,050 per month, creating a dollar spread of $750 per month and a percentage spread of 32.6 percent. The median asking rent sits at $2,375 per month. The entry-level tier comprises 1-Bedroom + Den suites averaging 550 square feet at $4.18 per square foot, whereas the peak tier is anchored by 2-Bedroom suites averaging 650 square feet at $4.69 per square foot.

At 88 North, active den premiums and square footage deltas cannot be isolated due to insufficient sample data. Parking premium data for active listings is similarly inconclusive as an unreliable outlier or insufficient sample, meaning parking stall costs cannot be reliably separated from current asking rents without further paired leasing records.

Asking rents at 88 North average $2,525 per month at $4.33 per square foot, tracking just below the Downtown East submarket asking rent benchmark of $2,636 per month while aligning closely with the submarket asking rate of $4.36 per square foot. Nominal monthly savings for renters are driven by more compact suite sizing rather than cheaper unit pricing, with the building's asking rate per square foot sitting 0.7 percent below the submarket average. The building currently represents 4 of the 192 active listings across the broader submarket.

88 North achieves an average lease rent of $2,359 per month, which sits below the overall competitive set average of $2,493 per month alongside key benchmarks such as Garden District Condos and Fleur. Garden District Condos (47 Mutual St) reports an average lease rent of $2,782 per month at $3.92 per square foot across an average of 716 square feet. Core Condominiums (68 Shuter St) records an average lease rent of $2,203 per month at $4.08 per square foot across an average of 548 square feet. Fleur (60 Shuter St) commands an average lease rent of $2,495 per month at $4.42 per square foot across an average of 581 square feet. Meanwhile, 76 Shuter (76 Shuter St) lists no active lease transactions for the period.

88 North establishes its value proposition by trading at an average of $4.28 per square foot across an average suite size of 562 square feet, balancing modern construction efficiency against local alternatives like Core Condominiums and Fleur. When evaluated against nearby options, renters at 88 North secure compact, highly functional floor plans that avoid the heavy utility burdens of older buildings while enjoying a competitive rate per square foot. Specifically, the subject building trades at a $0.20 per square foot (4.9%) premium over Core Condominiums, where suites average 548 square feet at $4.08 per square foot, providing 14 square feet of additional space. Conversely, 88 North trades at a $0.14 per square foot (3.2%) discount below Fleur, which commands $4.42 per square foot across an average of 581 square feet.

88 North delivers an extensive lifestyle and amenity profile that compares favorably against neighboring properties in the Downtown East micro-market. The subject building features nine signature amenities, including an outdoor pool, rooftop terrace, gym and fitness centre, concierge and security, and a games and billiards room. This suite of offerings matches or exceeds comparable assets such as Fleur, which includes an indoor pool and rooftop terrace, and Garden District Condos, which features a pet wash station, indoor kids' play room, and yoga studio. Additionally, 76 Shuter incorporates specialized wellness facilities like a sauna, steam room, and massage room, while Core Condominiums anchors its shared spaces with an on-site café. These amenity profiles collectively serve urban professionals and residents seeking a resort-inspired, high-amenity downtown living experience.