City Square — Rental Market Data

City Square has five active rental listings as of August 31, 2026, with asking rents ranging from $2,000 to $2,350 per month, an average of $2,230 and a median of $2,300. The average suite measures 685 square feet at an asking rate of $3.29 per square foot. Inventory is split between one-bedroom units (60 percent) and one-bedroom-plus-den layouts (40 percent), placing the building firmly in the compact entry-level to mid-range segment rather than the multi-bedroom executive tier.

The dominant active layout at City Square is the one-bedroom, with three units representing 60 percent of current availability at an average asking rent of $2,183 per month across 633 square feet and a rate of $3.48 per square foot. The one-bedroom-plus-den tier accounts for the remaining 40 percent with two units averaging $2,300 per month over 764 square feet at $3.01 per square foot. Both tiers offer a small but meaningful selection rather than a single listing, giving renters at least two options within each layout category.

City Square's active asking rents span from $2,000 to $2,350 per month, a dollar spread of $350 and a percentage spread of 17.5 percent. The median asking rent sits at $2,300 per month. The entry-level suite is a 563-square-foot one-bedroom at $3.55 per square foot, while the peak listing is a 750-square-foot one-bedroom priced at $3.13 per square foot, meaning the higher-priced unit actually delivers a lower rate per square foot due to its larger footprint.

City Square carries a verified active den premium of $117 per month for an additional 131 square feet of den space, translating to a marginal cost of $0.89 per square foot for the extra room. Active parking is priced at a verified $275 per month. Historical lease data does not provide sufficient paired parking information to establish a separate benchmark from closed transactions.

City Square's active asking rent of $2,230 per month and $3.29 per square foot both exceed the Central Hamilton submarket averages of $2,026 per month and $2.94 per square foot, respectively. The building commands an 11.9 percent premium on a per-square-foot basis relative to the submarket asking benchmark, and because both nominal rent and rate per square foot are higher, the premium is not an artifact of suite sizing. City Square's five active listings represent approximately 2.5 percent of the 197-unit active inventory across the Central Hamilton submarket.

City Square's average realized lease rent of $2,125 sits $8 above the overall comp benchmark of $2,117, placing it essentially at parity with the immediate peer set. One Hundred Charlton at 100 Charlton Avenue W (0.04 km) closed two leases averaging $2,298 per month at $2.93 per square foot across 784 square feet, pricing $173 above City Square. City Square Tower 2 at 85 Robinson St (0.05 km) closed three leases averaging $2,033 at $3.13 per square foot over 655 square feet, coming in $92 below the subject. Gatsby at City Square at 81 Robinson St (0.06 km) closed four leases averaging $2,019 at $3.45 per square foot across 589 square feet, $106 under City Square. The Garrison at 49 Robinson St (0.12 km) recorded zero closed leases over the trailing 180 days and therefore has no realized rent benchmark to compare against.

City Square leases at $3.01 per square foot across an average 712 square feet, a rate below the overall comp benchmark of $3.17 per square foot and a footprint 36 square feet larger than the comp average of 676. Against One Hundred Charlton, the subject trades at a $0.08 per square foot (2.7%) premium while providing 72 fewer interior square feet, meaning the higher nominal rent of $2,125 versus $2,298 is actually $173 lower despite the premium rate—a reflection of the smaller footprint. Against City Square Tower 2, the subject offers a $0.12 per square foot (3.8%) discount while delivering 57 more interior square feet, so the $92 lower rent is driven by both a cheaper unit rate and a larger interior. Against Gatsby at City Square, the subject carries a $0.44 per square foot (12.8%) discount and provides 123 more square feet, making the $106 lower rent a product of substantially more space at a meaningfully lower per-square-foot cost. The Garrison recorded zero lease transactions and offers no active pricing comparison.

City Square's amenity package—Party & Lounge Room, Gym & Fitness Centre, and Meeting Room—sits in the middle of the local peer set, offering more than the 1920-era One Hundred Charlton and the 1988-built The Garrison but fewer lifestyle features than the 2015 and 2020 buildings. One Hundred Charlton provides only a concierge desk and shared laundry, lacking any fitness or meeting infrastructure, while The Garrison offers a party room and billiards but no gym or dedicated workspace. City Square Tower 2 adds a media theatre, rooftop terrace, and BBQ area that the subject does not carry, and Gatsby at City Square layers on a yoga studio, dining room, games room, EV charging, and shared laundry beyond the subject's three-amenity core. The subject's Meeting Room is absent from One Hundred Charlton, City Square Tower 2, and The Garrison, giving it a distinct professional-use edge over three of four peers. This package best serves young professionals and small remote-work households in Central Hamilton who prioritize a functional gym, a bookable meeting space for client calls or side-business work, and a social lounge without paying the premium attached to rooftop terraces or dedicated wellness studios.