Market Data as of August 31, 2026
Spectra — Rental Market Data
Building Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Spectra at 85 Queens Wharf Road in Toronto's CityPlace / Fort York submarket is a 470-suite residential tower built in 2015 by Concord Adex. As of August 31, 2026, seven units are actively listed for rent, representing a 1.5 percent availability rate across the building. Leasing activity remains steady: six leases closed in the past 30 days at an average of $2,558 per month with a 14-day average time on market, while the broader 90-day window shows 19 closed leases averaging $2,368 per month and a 24-day average DOM.
Current asking rents at Spectra average $2,643 per month with a median of $2,550, compared to the 90-day realized lease average of $2,368 per month. Active listings carry an average asking rate of $4.09 per square foot across 653 square feet of average suite size, whereas the 90-day lease cohort transacted at $4.34 per square foot. The building's active inventory skews toward compact one-bedroom and one-bedroom-plus-den layouts, keeping the nominal monthly outlay below the submarket asking benchmark of $3,101 per month despite a slightly lower per-square-foot rate.
Marketing friction at Spectra is moderate but measurable. Delisted units sat on the market for an average of 69 days and asked $3,000 per month, which is $442 above the 30-day realized lease average, indicating that overpriced listings are the primary driver of extended DOM rather than structural demand weakness. On the negotiation side, tenants captured an average discount of $17 per month (0.61 percent below asking), with 24 percent of leases closing under the listed price. Active inventory depth is thin: three one-bedroom units and three one-bedroom-plus-den units offer limited choice, while a single two-bedroom listing at $3,550 per month represents the only multi-bedroom option currently available.
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Active Rental Inventory & Asking Rates
Current market availability, asking prices, and unit price histories at Spectra as of August 31, 2026 (comparing August 2026 vs July 2026).
Active Market Insights & Questions
How has rental availability changed at Spectra recently?
Spectra at 85 Queens Wharf Road carries seven active rental listings as of August 31, 2026, with asking rents ranging from $2,300 to $3,550 per month, an average of $2,643, and a median of $2,550. The average suite in the active pool measures 653 square feet at an asking rate of $4.09 per square foot. One-bedroom and one-bedroom-plus-den layouts each account for 42.9 percent of available inventory, meaning the current mix leans toward compact entry-level and flex-space suites rather than multi-bedroom executive configurations.
What floor plans and unit layouts are currently available at Spectra?
The dominant active layout at Spectra is the one-bedroom, with three listings representing 42.9 percent of available inventory at an average asking rent of $2,433 per month across 550 square feet and a rate of $4.42 per square foot. One-bedroom-plus-den suites also hold three listings (42.9 percent share) averaging $2,550 per month over 689 square feet at $3.72 per square foot, while a single two-bedroom unit lists at $3,550 per month for 850 square feet at $4.18 per square foot.
What is the average asking rent and $/SF by suite size at Spectra?
Spectra's active asking rents span from a minimum of $2,300 per month to a peak of $3,550 per month, producing a dollar spread of $1,250 and a percentage spread of 54.3 percent. The median asking rent sits at $2,550 per month. The entry-level suite is a one-bedroom measuring 550 square feet at $4.18 per square foot, while the peak listing is a two-bedroom at 850 square feet, also priced at $4.18 per square foot.
How much extra do parking spaces and dens cost at Spectra?
Spectra's active den premium is $117 per month for an additional 139 square feet of flex space, translating to a marginal cost of $0.84 per square foot for the extra den area. Active parking premiums cannot be reliably isolated from current listings due to insufficient paired samples, though historical verified leases at the building established a parking stall benchmark of $213 per month.
How do asking rents at Spectra compare to local and municipal benchmarks?
Spectra's active asking rent of $2,643 per month and $4.09 per square foot both trail the CityPlace / Fort York submarket asking benchmarks of $3,101 per month and $4.58 per square foot. The building's per-square-foot rate runs 10.7 percent below the submarket asking average, and the lower nominal monthly outlay is reinforced by the fact that active suites average 653 square feet, a compact footprint relative to the submarket. Spectra's seven active listings represent approximately 4.7 percent of the 148 total active listings across the CityPlace / Fort York submarket.
Recent Leased Transactions & Contract Prices
Recent lease transactions, absorption velocity, and the difference between landlord asking prices and actual prices agreed to by tenants at Spectra (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at Spectra last month, and how fast did they rent?
Spectra at 85 Queens Wharf Rd closed leases in 14 days on average over the trailing 30 days, compared to 24 days over the prior 90 days and a lifetime average of 27 days, all well ahead of the CityPlace / Fort York submarket benchmark of 20 days. The building recorded 6 closed leases in the last 30 days, 19 in the last 90 days, and 25 over the full trailing year, indicating leasing turnover accelerated sharply into late summer after a slower spring. The 30-day DOM compression from 24 to 14 days signals that tenant demand outpaced available inventory during the August window.
What is the negotiation spread between asking rents and closed lease prices at Spectra?
Spectra tenants negotiated an average discount of $17 per month (0.61% below asking), saving $204 per year in rent. Only 24.0% of the 25 tracked leases closed under the listed asking price, meaning roughly three-quarters of transactions settled at or above the landlord's initial figure. The net negotiation spread of -$17 per month reflects modest tenant leverage rather than a structural pricing gap, with landlords conceding small reductions to close deals faster.
What are typical executed lease prices across different layouts at Spectra?
The two highest-volume anchor layouts at Spectra are the 1-Bedroom (9 leases, $2,228 average, 31 DOM) and the 1-Bedroom + Den (7 leases, $2,486 average, 25 DOM), both representing statistically robust benchmarks. The 2-Bedroom tier closed 4 leases at $3,600 average (median $3,550, P25–P75 range $3,500–$3,650), averaging 910 sq. ft. at $4.00 per square foot with 23 DOM; this is a limited sample size and serves as a directional indicator only. The Studio tier also closed 4 leases at $1,925 average (median $1,925, P25–P75 range $1,888–$1,962), averaging 410 sq. ft. at $4.71 per square foot with 32 DOM; this is likewise a small sample and directional reference only. The 2-Bedroom + Den recorded a single transaction at $3,900 for 1,100 sq. ft. at $3.55 per square foot with just 3 DOM; this represents an individual single transaction, not a broad statistical benchmark.
What measurable rent premium did suites with parking achieve in closed leases at Spectra?
Spectra realized a verified leased parking premium of $213 per month above the base suite rent. Parking appears bundled into larger-unit leases, as the 2-Bedroom and 2-Bedroom + Den tiers show no separate parking line items in their pricing structure. Active listing data does not support a reliable parking premium figure due to insufficient paired samples, so the $213 verified lease-side value remains the most defensible reference point for parking cost at this building.
How does the lease-to-listing ratio at Spectra reflect current tenant demand?
Spectra rents followed a U-shaped trajectory across the tracked April-to-August timeline, dipping in July before recovering sharply in August. In April, 2 leases closed at $3,850 average, $3.50 per square foot, with 28 DOM. In May, 4 leases closed at $2,688 average, $3.85 per square foot, with 40 DOM. In June, 5 leases closed at $2,540 average, $4.06 per square foot, with 25 DOM. In July, 8 leases closed at $2,119 average, $4.37 per square foot, with 31 DOM. In August, 6 leases closed at $2,558 average, $4.54 per square foot, with 14 DOM.
De-Listed & Terminated Rental Market Dynamics
Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at Spectra (Data period: For the month of August 2026).
De-Listed Market Analysis & Questions
How many listings de-listed at Spectra, and what was their re-listing price compared to previous asking?
Spectra saw 2 units delisted over the tracked period—1 terminated and 1 expired, with 0 suspended—representing a delisted-to-leased ratio of 33.3% against the 6 leases closed in the trailing 30 days. That means roughly one listing was pulled for every two new leases signed, a moderate friction signal rather than a systemic pricing breakdown. The low absolute count (2 units out of 470 total suites) suggests isolated landlord decisions rather than a building-wide pushback on price.
How do asking prices on de-listed suites compare to executed leases and active listings at Spectra?
Spectra's 2 delisted units asked an average of $3,000 per month, which is $442 per month (17.3%) ABOVE the $2,558 realized lease average, indicating direct overpricing relative to what tenants actually paid. The delisted units carried an average rate of $3.70 per square foot versus the 30-day realized average of $4.54 per square foot, a gap that reflects both the higher nominal asking and the smaller suite footprints in the delisted pool. Landlords who priced these units above market failed to convert interest into signed leases within the active window.
What market friction causes rental listings to stall or de-list at Spectra?
Spectra's delisted units sat on the market for an average of 69 days, compared to the 14-day realized lease DOM over the same 30-day window, a 55-day excess. That excess equates to roughly 1.8 months of lost rent at the $3,000 asking rate—approximately $5,400 in foregone revenue—plus ongoing condo maintenance fees and carrying costs during the unrented period. The 42-day excess against the lifetime 27-day DOM further confirms that these specific listings faced meaningful pricing friction rather than a general market slowdown.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/SF), and days on market over time. Use filters below to benchmark specific layouts.
| Date | Units Available | Avg Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-04-27 | 5 | 2710 | 712 | 3.86 | 31 |
| 2026-04-28 | 5 | 2710 | 712 | 3.86 | 32 |
| 2026-04-29 | 5 | 2710 | 712 | 3.86 | 33 |
| 2026-04-30 | 3 | 2300 | 583 | 3.95 | 51 |
| 2026-05-01 | 2 | 2225 | 550 | 4.05 | 51 |
| 2026-05-02 | 2 | 2225 | 550 | 4.05 | 52 |
| 2026-05-03 | 2 | 2225 | 550 | 4.05 | 53 |
| 2026-05-04 | 3 | 2150 | 500 | 4.36 | 36 |
| 2026-05-05 | 4 | 2238 | 563 | 4.11 | 28 |
| 2026-05-06 | 4 | 2238 | 563 | 4.11 | 29 |
| 2026-05-07 | 3 | 2250 | 567 | 4.14 | 12 |
| 2026-05-08 | 4 | 2588 | 635 | 4.18 | 10 |
| 2026-05-09 | 4 | 2588 | 635 | 4.18 | 11 |
| 2026-05-10 | 4 | 2588 | 635 | 4.18 | 12 |
| 2026-05-11 | 4 | 2588 | 635 | 4.18 | 13 |
| 2026-05-12 | 4 | 2588 | 635 | 4.18 | 14 |
| 2026-05-13 | 4 | 2588 | 635 | 4.18 | 15 |
| 2026-05-14 | 4 | 2588 | 635 | 4.18 | 16 |
| 2026-05-15 | 4 | 2538 | 585 | 4.39 | 14 |
| 2026-05-16 | 4 | 2538 | 585 | 4.39 | 15 |
| 2026-05-17 | 4 | 2538 | 585 | 4.39 | 16 |
| 2026-05-18 | 4 | 2538 | 585 | 4.39 | 17 |
| 2026-05-19 | 3 | 2183 | 500 | 4.42 | 20 |
| 2026-05-20 | 3 | 2183 | 500 | 4.42 | 21 |
| 2026-05-21 | 3 | 2183 | 500 | 4.42 | 22 |
| 2026-05-22 | 3 | 2183 | 500 | 4.42 | 23 |
| 2026-05-23 | 3 | 2183 | 500 | 4.42 | 24 |
| 2026-05-24 | 4 | 2263 | 538 | 4.28 | 19 |
| 2026-05-25 | 4 | 2263 | 538 | 4.28 | 20 |
| 2026-05-26 | 4 | 2263 | 538 | 4.28 | 21 |
| 2026-05-27 | 5 | 2550 | 650 | 4.10 | 18 |
| 2026-05-28 | 5 | 2550 | 650 | 4.10 | 19 |
| 2026-05-29 | 5 | 2550 | 650 | 4.10 | 20 |
| 2026-05-30 | 6 | 2517 | 650 | 4.02 | 17 |
| 2026-05-31 | 6 | 2517 | 650 | 4.02 | 18 |
| 2026-06-01 | 6 | 2517 | 650 | 4.02 | 19 |
| 2026-06-02 | 7 | 2657 | 679 | 4.03 | 17 |
| 2026-06-03 | 7 | 2657 | 679 | 4.03 | 18 |
| 2026-06-04 | 7 | 2657 | 679 | 4.03 | 19 |
| 2026-06-05 | 6 | 2708 | 683 | 4.10 | 23 |
| 2026-06-06 | 6 | 2708 | 683 | 4.10 | 24 |
| 2026-06-07 | 6 | 2708 | 683 | 4.10 | 25 |
| 2026-06-08 | 4 | 2613 | 675 | 4.08 | 31 |
| 2026-06-09 | 4 | 2613 | 675 | 4.08 | 32 |
| 2026-06-10 | 4 | 2613 | 675 | 4.08 | 33 |
| 2026-06-11 | 4 | 2613 | 675 | 4.08 | 34 |
| 2026-06-12 | 4 | 2613 | 675 | 4.08 | 35 |
| 2026-06-13 | 4 | 2613 | 675 | 4.08 | 36 |
| 2026-06-14 | 4 | 2613 | 675 | 4.08 | 37 |
| 2026-06-15 | 5 | 2470 | 620 | 4.21 | 30 |
| 2026-06-16 | 6 | 2467 | 606 | 4.27 | 26 |
| 2026-06-17 | 6 | 2467 | 606 | 4.27 | 27 |
| 2026-06-18 | 6 | 2467 | 606 | 4.27 | 28 |
| 2026-06-19 | 6 | 2467 | 606 | 4.27 | 29 |
| 2026-06-20 | 6 | 2467 | 606 | 4.27 | 30 |
| 2026-06-21 | 6 | 2467 | 606 | 4.27 | 31 |
| 2026-06-22 | 7 | 2433 | 598 | 4.24 | 28 |
| 2026-06-23 | 8 | 2366 | 578 | 4.25 | 25 |
| 2026-06-24 | 9 | 2359 | 577 | 4.23 | 23 |
| 2026-06-25 | 8 | 2373 | 580 | 4.25 | 17 |
| 2026-06-26 | 7 | 2361 | 587 | 4.20 | 19 |
| 2026-06-27 | 7 | 2361 | 587 | 4.20 | 20 |
| 2026-06-28 | 8 | 2354 | 582 | 4.20 | 19 |
| 2026-06-29 | 8 | 2354 | 582 | 4.20 | 20 |
| 2026-06-30 | 8 | 2354 | 582 | 4.20 | 21 |
| 2026-07-01 | 8 | 2354 | 582 | 4.20 | 22 |
| 2026-07-02 | 8 | 2354 | 582 | 4.20 | 23 |
| 2026-07-03 | 8 | 2354 | 582 | 4.20 | 24 |
| 2026-07-04 | 8 | 2354 | 582 | 4.20 | 25 |
| 2026-07-05 | 8 | 2354 | 582 | 4.20 | 26 |
| 2026-07-06 | 8 | 2354 | 582 | 4.20 | 27 |
| 2026-07-07 | 7 | 2404 | 608 | 4.08 | 23 |
| 2026-07-08 | 7 | 2404 | 608 | 4.08 | 24 |
| 2026-07-09 | 8 | 2391 | 601 | 4.09 | 22 |
| 2026-07-10 | 8 | 2391 | 601 | 4.09 | 23 |
| 2026-07-11 | 8 | 2391 | 601 | 4.09 | 24 |
| 2026-07-12 | 8 | 2391 | 601 | 4.09 | 25 |
| 2026-07-13 | 9 | 2414 | 579 | 4.36 | 23 |
| 2026-07-14 | 7 | 2419 | 573 | 4.46 | 22 |
| 2026-07-15 | 6 | 2505 | 601 | 4.41 | 22 |
| 2026-07-16 | 6 | 2505 | 601 | 4.41 | 23 |
| 2026-07-17 | 6 | 2505 | 601 | 4.41 | 24 |
| 2026-07-18 | 6 | 2505 | 601 | 4.41 | 25 |
| 2026-07-19 | 6 | 2505 | 601 | 4.41 | 26 |
| 2026-07-20 | 6 | 2505 | 601 | 4.41 | 27 |
| 2026-07-21 | 6 | 2505 | 601 | 4.41 | 28 |
| 2026-07-22 | 6 | 2505 | 601 | 4.41 | 29 |
| 2026-07-23 | 5 | 2700 | 654 | 4.42 | 24 |
| 2026-07-24 | 6 | 2567 | 612 | 4.47 | 21 |
| 2026-07-25 | 6 | 2567 | 612 | 4.47 | 22 |
| 2026-07-26 | 6 | 2567 | 612 | 4.47 | 23 |
| 2026-07-27 | 6 | 2567 | 612 | 4.47 | 24 |
| 2026-07-28 | 7 | 2714 | 646 | 4.44 | 21 |
| 2026-07-29 | 5 | 2900 | 694 | 4.46 | 29 |
| 2026-07-30 | 5 | 2900 | 694 | 4.46 | 30 |
| 2026-07-31 | 4 | 3050 | 730 | 4.53 | 31 |
| 2026-08-01 | 4 | 3050 | 730 | 4.53 | 32 |
| 2026-08-02 | 4 | 3050 | 730 | 4.53 | 33 |
| 2026-08-03 | 5 | 2900 | 694 | 4.46 | 27 |
| 2026-08-04 | 5 | 2900 | 694 | 4.46 | 28 |
| 2026-08-05 | 5 | 2950 | 690 | 4.58 | 21 |
| 2026-08-06 | 5 | 2950 | 690 | 4.58 | 22 |
| 2026-08-07 | 6 | 2900 | 684 | 4.49 | 19 |
| 2026-08-08 | 6 | 2900 | 684 | 4.49 | 20 |
| 2026-08-09 | 6 | 2900 | 684 | 4.49 | 21 |
| 2026-08-10 | 7 | 2850 | 678 | 4.42 | 19 |
| 2026-08-11 | 7 | 2850 | 678 | 4.42 | 20 |
| 2026-08-12 | 7 | 2850 | 678 | 4.42 | 21 |
| 2026-08-13 | 6 | 2883 | 682 | 4.48 | 24 |
| 2026-08-14 | 6 | 2883 | 682 | 4.48 | 25 |
| 2026-08-15 | 6 | 2883 | 682 | 4.48 | 26 |
| 2026-08-16 | 6 | 2883 | 682 | 4.48 | 27 |
| 2026-08-17 | 5 | 2940 | 738 | 4.08 | 27 |
| 2026-08-18 | 7 | 2764 | 701 | 4.01 | 20 |
| 2026-08-19 | 7 | 2757 | 701 | 4.00 | 18 |
| 2026-08-20 | 7 | 2757 | 701 | 4.00 | 19 |
| 2026-08-21 | 7 | 2757 | 701 | 4.00 | 20 |
| 2026-08-22 | 8 | 2713 | 694 | 3.96 | 18 |
| 2026-08-23 | 8 | 2713 | 694 | 3.96 | 19 |
| 2026-08-24 | 8 | 2713 | 694 | 3.96 | 20 |
| 2026-08-25 | 9 | 2622 | 662 | 4.05 | 19 |
| 2026-08-26 | 8 | 2663 | 673 | 4.05 | 21 |
| 2026-08-27 | 8 | 2675 | 661 | 4.15 | 21 |
| 2026-08-28 | 8 | 2675 | 661 | 4.15 | 22 |
| 2026-08-29 | 8 | 2675 | 661 | 4.15 | 23 |
| 2026-08-30 | 7 | 2786 | 699 | 4.07 | 27 |
| 2026-08-31 | 7 | 2643 | 653 | 4.09 | 14 |
12-Month Market Dynamics & Trend Trajectory
Spectra has closed 25 leases over its tracked history at an average rent of $2,538 per month and $4.19 per square foot, with an average suite size of 623 sq. ft. and a lifetime DOM of 27 days. The building's tenant turnover has been steady, with the 1-Bedroom and 1-Bedroom + Den layouts accounting for 64% of all closed leases, reflecting a mid-market, family-adjacent occupancy profile typical of the CityPlace / Fort York submarket. On pricing discipline, 24.0% of leases closed below asking while the remaining 76% settled at or above the listed rate. The net negotiation spread of -$17 per month (0.61%) confirms a tenant-favorable but modest concession pattern; landlords at Spectra are willing to trim a small amount to close deals, but the majority of transactions hold firm at the initial asking price.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-04-26 | 1 | 2450 | 650 | 3.77 | 55 |
| 2026-05-03 | 1 | 2200 | 550 | 4.00 | 83 |
| 2026-05-10 | 1 | 2500 | 750 | 3.33 | 10 |
| 2026-05-17 | 1 | 3600 | 838 | 4.30 | 11 |
| 2026-05-24 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-31 | 1 | 2350 | 650 | 3.62 | 6 |
| 2026-06-07 | 2 | 2850 | 700 | 4.06 | 15 |
| 2026-06-14 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-21 | 2 | 2325 | 543 | 4.29 | 45 |
| 2026-06-28 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-05 | 1 | 2000 | 400 | 5.00 | 64 |
| 2026-07-12 | 3 | 2217 | 533 | 4.22 | 29 |
| 2026-07-19 | 2 | 2100 | 494 | 4.26 | 31 |
| 2026-07-26 | 2 | 2050 | 475 | 4.38 | 19 |
| 2026-08-02 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-09 | 1 | 2650 | 655 | 4.05 | 6 |
| 2026-08-16 | 2 | 3050 | 625 | 5.31 | 29 |
| 2026-08-23 | 2 | 2325 | 608 | 3.84 | 9 |
| 2026-08-30 | 1 | 1950 | 400 | 4.88 | 5 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Spectra at 85 Queens Wharf Rd sits in a tight cluster of four nearby competitors along the Fort York waterfront, all within 90 metres. Quartz (75 Queens Wharf Rd, 0.06 km) and Spectra share the same 2015 completion year, while Exchange (90 Queens Wharf Rd, 0.07 km) and Forward (70 Queens Wharf Rd, 0.08 km) both closed in 2018, giving them a three-year structural advantage. Library District (170 Fort York Blvd, 0.09 km) is the oldest of the set, built in 2014. Over the trailing 180 days, the competitive set recorded 67 closed lease transactions: Quartz logged 26, Forward 16, Library District 17, and Exchange 8, indicating steady tenant turnover across the micro-market despite Exchange's thinner volume. The four-comparable benchmark averages $2,715 in monthly rent at $4.29 per square foot across a mean suite size of 646 square feet. Spectra's realized lease average of $2,538 at $4.19 per square foot and 623 square feet positions it modestly below the comp set on both headline rent and per-square-foot pricing, while offering roughly 23 fewer square feet than the average competitor unit. Against the CityPlace / Fort York submarket lease benchmark of $2,818 and $4.36 per square foot, Spectra trades at a slight discount, reinforcing its value proposition as a mid-2010s waterfront building that undercuts newer or larger-footprint neighbours on cost per unit of space.
Comparable Analysis & Questions
How do rental rates at Spectra compare to neighbouring buildings within CityPlace / Fort York?
Spectra's average closed lease rent of $2,538 per month sits $177 below the four-comparable average of $2,715, making it the most competitively priced building in this immediate Queens Wharf cluster. Quartz at 75 Queens Wharf Rd (0.06 km) closed leases averaging $2,810 at $3.96 per square foot across 717 square feet; Exchange at 90 Queens Wharf Rd (0.07 km) commanded $2,963 at $4.10 per square foot over 719 square feet; Forward at 70 Queens Wharf Rd (0.08 km) recorded $2,655 at $4.22 per square foot for 636 square feet; and Library District at 170 Fort York Blvd (0.09 km) closed at $2,431 per month, the lowest headline rent in the set, at $4.88 per square foot across a compact 511-square-foot average suite.
Does Spectra offer a competitive price-per-square-foot ($/SF) against local comparables?
Spectra's realized rate of $4.19 per square foot across an average 623-square-foot suite undercuts the comp-set average of $4.29 per square foot and the submarket lease benchmark of $4.36, delivering a value edge for renters prioritizing cost efficiency in the CityPlace / Fort York corridor. Against Quartz (717 sq ft, $3.96/sf) and Exchange (719 sq ft, $4.10/sf), Spectra provides 94 and 96 fewer interior square feet respectively while trading at a $0.23 and $0.09 per-square-foot premium—meaning tenants accept a slightly smaller footprint in exchange for a comparable or marginally higher per-square-foot rate. Compared with Forward (636 sq ft, $4.22/sf), Spectra offers 13 fewer square feet at a $0.03 per-square-foot discount, a near-parity trade. The sharpest value contrast appears with Library District (511 sq ft, $4.88/sf): Spectra delivers 112 more square feet at a $0.69 per-square-foot discount, giving renters meaningfully more living space for less per-unit cost than the smallest building in the set.
How do building age, amenities, and developer reputation impact rent spreads?
Spectra's 21-amenity lifestyle package at 85 Queens Wharf Rd extends beyond the standard waterfront fitness-and-social mix found at its nearest competitors, particularly in dedicated wellness programming and outdoor recreation. The building's Spin Studio is unique in this immediate cluster—none of Quartz, Exchange, Forward, or Library District offers a dedicated cycling room. Spectra's Outdoor Tai Chi Deck is likewise unmatched by any of the four comparables, providing a rare open-air mind-body practice space. While Quartz includes a Badminton Court, neither Exchange nor Library District does, and Spectra pairs its own Badminton Court with a Basketball Court that Library District also lacks. The Pet Wash Station at Spectra is absent from Quartz's amenity list, and the Massage Room is not offered at Quartz either, giving Spectra an edge in in-building wellness services for pet-owning and self-care-oriented residents. Together, these differentiators—dedicated spin cycling, open-air tai chi, dual court sports, on-site pet grooming, and private massage—position Spectra as the lifestyle anchor for active, wellness-driven professionals and young families seeking a full-service waterfront home in CityPlace without stepping outside for fitness or recreation.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Spectra.
Building Amenities
- Concierge & Security
- Party & Lounge Room
- Meeting Room
- Media & Theatre Room
- Games & Billiards Room
- Library & Reading Room
- Dining Room & Kitchen
- Gym & Fitness Centre
- Yoga Studio
- Spin Studio
- Indoor Pool
- Hot Tub & Jacuzzi
- Sauna & Steam Room
- Basketball Court
- BBQ Area
- Rooftop Terrace
- Kids' Play Room - Indoor
- Pet Wash Station
- Massage Room
- Badminton Court
- Outdoor Tai Chi Deck
Residential Buildings in the Vicinity
- Quartz62 m
- Exchange71 m
- Forward80 m
- Library District91 m
- Parade 2 - South Tower & Podium109 m
- Newton116 m
- The LakeFront - LakeShore East Tower172 m
- Panorama (Cityplace)175 m
- The LakeShore - West Tower181 m
- Parade 2 - North Tower187 m
- Garrison at Fort York191 m
- Parade 1 - North Tower226 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Spectra.
Snapshot Dates & Benchmark Cadence
- Standardized Snapshot: Market metrics reflect a standardized monthly snapshot locked as of August 31, 2026.
- Benchmark Comparison Cadence: Month-over-month comparisons evaluate changes across standardized month-end reporting windows (August 2026 vs July 2026), ensuring consistent baseline periods and eliminating intra-month reporting volatility.
- Point-in-Time Daily History: Daily charts capture point-in-time active listings available on any given calendar day.
Public Data Aggregation & Thresholds
- Public Data Aggregation: FastScreen aggregates residential rental listing and completed lease transaction records from publicly available sources.
- Threshold Filtering: All listings are subject to a minimum monthly rental threshold of $1,000 to filter out standalone storage lockers, private parking spaces, and misclassified commercial entries from condominium statistics.
Calculation Formulations
- Average Asking Rent: Weighted average of active asking prices across available suites in the reporting period.
- Price Per Square Foot ($/SF): Calculated by dividing rent by square footage only for listings that provide unit dimensions (suites without stated square footage are excluded from $/SF calculations).
- Days on Market (DOM): Measures elapsed calendar days between the date a suite is first listed and either the benchmark snapshot date (for active listings) or the finalized date leased.
- Parking & Den Differentials: Average asking rent differences between suites with vs. without parking, and suites with vs. without a den.
Data Limitations & Scope
- Exclusively Public Records: Statistics are derived exclusively from publicly available rental listings and completed lease records. Private direct-to-landlord arrangements, unadvertised tenant renewals, and off-market rental agreements are not captured.
- Agreed Contract Amounts: Reported lease amounts reflect agreed contract rents and do not account for private move-in allowances or individual unit renovations that may influence pricing spreads.
Disclaimer: The information and statistics presented on this page (including asking rents, lease prices, de-listed listings, average square footage, days on market, and implied suite premiums) are aggregated from public listing sources for general informational, educational, and reference purposes only. FastScreen does not guarantee the accuracy, completeness, or timeliness of any data shown. This information does not constitute financial, investment, legal, or professional real estate advice. Users should conduct their own independent research and consult with licensed professionals before making any rental, leasing, property management, or real estate investment decisions.