Gallery Square - Tower A — Rental Market Data

Gallery Square – Tower A holds three active listings as of August 31, 2026, with asking rents ranging from $2,850 to $4,100 per month, an average of $3,317 and a median of $3,000. The average suite size across active inventory is 900 square feet at an asking rate of $3.26 per square foot. All three listings are two-bedroom or larger units, with no one-bedroom or studio options currently available, indicating that active inventory leans firmly toward multi-bedroom family and executive layouts rather than compact entry-level suites.

The active inventory at Gallery Square – Tower A is evenly split across three layout tiers, each holding one listing and a 33.3 percent share of available units. The 2-Bedroom tier offers one unit at 850 square feet for $2,850 per month at $3.35 per square foot, while the 2-Bedroom + Den tier lists one unit at 950 square feet for $3,000 per month at $3.16 per square foot. The 3-Bedroom+ tier carries one listing at $4,100 per month, though square footage and per-square-foot pricing are not yet quantified in the current dataset.

Gallery Square – Tower A's three active listings span a $1,250 spread, or 43.9 percent, from a minimum entry rent of $2,850 to a peak asking rent of $4,100 per month. The median asking rent sits at $3,000 per month. The entry-level option is a 2-Bedroom suite of 850 square feet priced at $3.35 per square foot, while the peak listing is a 3-Bedroom+ unit at $4,100 per month with square footage and per-square-foot rate not yet confirmed in the current data.

Gallery Square – Tower A does not currently have a quantified den premium or square-footage delta between den and non-den suites in its active listings, so the marginal cost of extra den space cannot be reliably isolated. Parking stall premiums are likewise inconclusive; the active sample contains an unreliable outlier or insufficient paired data to establish a verified monthly parking add-on, and historical lease records do not provide a confirmed parking benchmark either.

Gallery Square – Tower A's active asking rent of $3,317 per month exceeds the Markham City Centre submarket average of $2,711 per month, yet the building's rate of $3.26 per square foot is 8.9 percent below the submarket asking benchmark of $3.58 per square foot. The higher nominal monthly outlay is driven by larger suite sizing—900 square feet on average in active listings versus the smaller footprints typical of submarket inventory—rather than a premium per-unit-area price. Gallery Square – Tower A accounts for three of the 96 active listings across the Markham City Centre submarket, representing roughly 3.1 percent of total available inventory.

Gallery Square – Tower A's average closed lease rent of $2,402 per month sits $10 below the four-comparable average of $2,412, placing it marginally under the micro-market midpoint while still exceeding the submarket-wide leased benchmark of $2,500 per month. Nexus North at 8130 Birchmount Rd commands the highest comp rent at $2,532 per month ($3.28 per square foot on 809 square feet), representing a $130 premium over the subject. Gallery Square – Tower B at 292 Verdale Crossing leases at $2,471 per month ($3.56 per square foot on 702 square feet), a $69 spread above Tower A. Nexus South at 8110 Birchmount Rd comes in lowest at $2,233 per month ($3.55 per square foot on 641 square feet), $169 below the subject's realized rent. Gallery Square – Tower C at 38 Simcoe Prom has no closed lease transactions to date, so no direct rent benchmark exists for that property.

Gallery Square – Tower A leases at $3.62 per square foot on an average 671-square-foot suite, trading at a small premium over every nearby competitor on a per-square-foot basis while offering less interior area than three of the four comparables. Against Nexus North, the subject carries a $0.34-per-square-foot (10.4%) premium yet delivers 138 fewer square feet, meaning a renter pays more per unit of space for a 2024-built product versus a 2014 tower. Versus Gallery Square – Tower B, the premium narrows to $0.06 per square foot (1.7%) with 31 fewer square feet, a near-parity trade-off between two same-year buildings. Compared with Nexus South, the subject actually provides 30 more square feet while still commanding a $0.07-per-square-foot (2.0%) premium, making it the only comp where Tower A tenants gain both space and a modest rate increase. The submarket-wide leased rate of $3.57 per square foot confirms Tower A's 1.4% premium is within normal variance for a newly stabilized, amenity-dense product in Markham City Centre.

Gallery Square – Tower A differentiates itself from the water-amenity-heavy Nexus towers and the sauna-equipped Tower B by stacking fitness, social-dining, pet-care, and work-from-home features into a single lifestyle package. Where Nexus North and Nexus South both lead with indoor pools, hot tubs, saunas, and cold-plunge pools, Tower A instead offers a dedicated yoga studio, an indoor basketball court, a full dining room with kitchen, and a rooftop BBQ area—amenities absent from both Nexus properties. The subject also includes a library and reading room plus a meeting room, neither of which appears at Nexus North or Nexus South, giving remote workers and students on-site study and collaboration space beyond a basic co-working desk. On the pet front, Tower A pairs a dog run with a pet wash station, a combination that Nexus North lacks entirely (it has no dog run) and that distinguishes it from Nexus South, which offers only a pet wash station without a dedicated run. Finally, the shared laundry room at Tower A is missing from both Nexus towers, adding day-to-day convenience for tenants who prefer in-building laundry over off-site facilities. This amenity mix best serves young professional and graduate-student renters aged 22 to 35 who prioritize active fitness, social cooking and entertaining, pet ownership, and flexible work spaces over resort-style aquatic leisure.