City Square Tower 2 — Rental Market Data

City Square Tower 2 has three active listings as of August 31, 2026, with asking rents ranging from $1,900 to $2,100 per month, an average of $1,967, and a median of $1,900. The average active suite measures 540 square feet at an asking rate of $3.85 per square foot. Inventory skews toward compact entry-level one-bedroom layouts, which account for 66.7 percent of available units, with the remaining 33.3 percent represented by a single one-bedroom-plus-den executive suite.

The dominant active layout at City Square Tower 2 is the one-bedroom, with two units representing 66.7 percent of available inventory at an average asking rent of $1,900 per month across 440 square feet and a rate of $4.35 per square foot. The one-bedroom-plus-den tier holds one listing at 33.3 percent share, asking $2,100 per month for 740 square feet at $2.84 per square foot. Both tiers reflect a small selection rather than deep inventory, and the den suite is a single-listing offering with no comparable alternatives currently on the market.

City Square Tower 2's active asking rents span from a minimum of $1,900 per month to a peak of $2,100 per month, a dollar spread of $200 and a percentage spread of 10.5 percent. The median asking rent sits at $1,900 per month, anchored by the entry-level one-bedroom suite measuring 400 square feet at $4.75 per square foot. At the top of the range, the one-bedroom-plus-den suite offers 740 square feet at $2.84 per square foot, delivering nearly double the footprint of the entry unit at a $200 monthly premium.

City Square Tower 2 carries an active den premium of $200 per month for an additional 300 square feet of space, equating to a marginal cost of $0.67 per square foot for the extra den area. Parking stall premiums cannot be reliably isolated for this building due to insufficient paired data and anomalous outliers in the available sample, so no verified monthly parking fee can be quoted with confidence.

City Square Tower 2's active asking rent of $1,967 per month sits $59 below the Central Hamilton submarket average asking rent of $2,026, while its asking rate of $3.85 per square foot runs 31 percent above the submarket benchmark of $2.94 per square foot. The lower nominal rent is a direct function of suite size: active units average 540 square feet compared to the submarket's implied 689-square-foot average, a 149-square-foot deficit that compresses the monthly figure despite the higher per-square-foot rate. City Square Tower 2 currently holds three of the 197 active listings tracked across Central Hamilton, representing approximately 1.5 percent of total submarket inventory.

City Square Tower 2's all-time average realized lease rent of $2,033 per month sits $144 below the three-active-comp benchmark of $2,177 per month, with the primary drivers being the larger-footprint competitors at City Square and One Hundred Charlton. Gatsby at City Square (81 Robinson St, 0.05 km, 4 closed leases) averaged $2,019 per month at $3.45 per square foot across 589 square feet, placing the subject $14 higher in nominal rent. City Square (90 Charlton Ave W, 0.05 km, 4 closed leases) averaged $2,213 per month at $3.01 per square foot across 738 square feet, meaning the subject trades at a $180-per-month lower rent. One Hundred Charlton (100 Charlton Avenue W, 0.07 km, 2 closed leases) averaged $2,298 per month at $2.93 per square foot across 784 square feet, putting the subject $265 per month below that mark. The Garrison (49 Robinson St, 0.12 km) recorded zero closed leases over the trailing 180 days and therefore carries no realized rent benchmark for comparison.

City Square Tower 2 leases at $3.13 per square foot across an average 655-square-foot suite, a rate that matches the comp-set average of $3.13 per square foot while delivering fewer interior square feet than two of the three active competitors. Against Gatsby at City Square, the subject trades at a $0.32-per-square-foot (9.3%) discount and provides 66 more interior square feet, so the $14-per-month higher nominal rent is driven entirely by the larger footprint rather than a per-area premium. Against City Square, the subject commands a $0.12-per-square-foot (4.0%) premium yet provides 83 fewer interior square feet, meaning the $180-per-month lower rent reflects the compact suite size rather than weaker asset valuation. One Hundred Charlton shows the same pattern at a wider spread: the subject commands a $0.20-per-square-foot (6.8%) premium while providing 129 fewer interior square feet, and the $265-per-month lower rent is a direct function of that reduced footprint. In every active comparison, the nominal rent variance is a square-footage effect, not a per-area pricing gap.

City Square Tower 2 offers a five-item amenity package—Gym & Fitness Centre, Party & Lounge Room, Media & Theatre Room, Rooftop Terrace, and BBQ Area—that is leaner than Gatsby at City Square's ten-feature suite but broader than the three-item or two-item offerings at City Square and The Garrison. The subject's BBQ Area is the one lifestyle feature genuinely absent from all four nearby competitors, giving it a distinct outdoor-entertainment angle that Gatsby at City Square (which substitutes a Dining Room & Kitchen, Yoga Studio, and EV Charging Station) and City Square (limited to a Party & Lounge Room, Gym, and Meeting Room) do not match. Conversely, the subject lacks the Meeting Room, Shared Laundry Room, and EV Charging Station found at Gatsby at City Square, as well as the Concierge & Security desk at One Hundred Charlton. This package best serves cost-conscious young professionals and small households in Central Hamilton who want a rooftop social space and outdoor grilling access without paying for a full-service concierge or premium wellness suite.