775 King West - East Building — Rental Market Data

775 King West – East Building realized an average lease rent of $2,561 per month over the trailing year, sitting $1,235 below the four-comp benchmark average of $3,796 and $472 below the Downtown West submarket average of $3,033. The closest active peer, 775 King West at 775 King St W (0.03 km, 8 closed leases), averaged $2,691 per month at $4.23 per square foot across 649 square feet, placing the subject $130 lower on a monthly basis. Tecumseth Lofts at 766 King St W (0.04 km, 3 closed leases) averaged $4,267 per month at $7.43 per square foot over 708 square feet, a gap of $1,706 in the subject's favour. The Summit III at 725 King St W (0.06 km, 2 closed leases) averaged $2,425 per month at $3.68 per square foot across 660 square feet, meaning the subject commands $136 more per month than this 1985-era tower. Gotham Lofts at 781 King St W (0.09 km, 1 closed lease) recorded $5,800 per month at $11.60 per square foot over 500 square feet, a $3,239 spread that reflects both a premium rate and a notably compact suite format.

The subject's leased rate of $4.15 per square foot across an average 630-square-foot suite undercuts the comp benchmark of $6.74 per square foot and the submarket average of $4.55 per square foot, delivering a value proposition anchored in competitive pricing rather than premium positioning. Against 775 King West (0.03 km), the subject trades at a $0.08 per square foot discount (1.9 percent below) while providing 19 fewer interior square feet, so the slightly lower monthly rent of $130 reflects both the modest rate gap and the tighter footprint. Versus Tecumseth Lofts (0.04 km), the subject offers a $3.28 per square foot discount (44.1 percent below) with 78 fewer square feet, meaning the $1,706 lower nominal rent is driven substantially by the smaller interior area rather than a pure rate concession. The Summit III (0.06 km) is the one comp where the subject commands a $0.47 per square foot premium (12.8 percent above) and a $136 higher monthly rent, yet still provides 30 fewer square feet—here the higher total rent is a true rate premium over a 1985-era building rather than a footprint effect. Gotham Lofts (0.09 km) presents the widest spread: the subject trades at a $7.45 per square foot discount (64.2 percent below) while delivering 130 more interior square feet, so the $3,239 lower monthly rent is overwhelmingly a function of the larger suite size at a far more accessible rate per square foot.

775 King West – East Building offers a 13-feature amenity suite including a rooftop terrace, EV charging station, car share, dining room and kitchen, and dedicated yoga studio, positioning it as a full-service lifestyle building that outperforms three of its four immediate peers on breadth of common facilities. The subject's car share program is absent from all four competitors—775 King West (12 amenities), Tecumseth Lofts (concierge only), The Summit III (17 amenities), and Gotham Lofts (4 amenities)—giving it a distinct mobility advantage for renters without personal vehicles. Against The Summit III, the subject lacks the indoor and outdoor pools, sauna and steam room, squash and racquetball court, library, business centre, and children's playground that define that 1985 tower's wellness-and-recreation focus, but it counters with EV charging, a car share, and a dedicated dining room and kitchen that Summit III does not list. Tecumseth Lofts and Gotham Lofts offer only concierge-level or basic fitness amenities, making the subject's yoga studio, media and theatre room, games and billiards room, garden and courtyard, and party and lounge room a clear step up in daily-lifestyle programming. This package best serves young professionals and small households in their late twenties to mid-thirties who want a turnkey urban lifestyle—rooftop socializing, on-site fitness, remote-work meeting space, and car-share convenience—without the resort-style aquatic facilities that appeal to a different, typically older or family-oriented renter segment.