South Beach Condos - East Tower — Rental Market Data

At South Beach Condos - East Tower, the 30-day leasing velocity averaged 28 days on market, the 90-day velocity averaged 18 days on market, against a Mimico submarket benchmark of 24 days. Closed lease counts shifted from 4 transactions in the last 30 days to 10 transactions over the trailing 90 days, matching the 13 total lifetime leases tracked in the dataset and indicating steady leasing turnover heading through the late summer.

At South Beach Condos - East Tower, tenants secured an average discount of $28 per month, representing a 1.18% reduction below asking price and annual tenant savings of $336 per year. Exactly 30.8% of leases closed under asking, reflecting minor landlord concessions and mild tenant pricing leverage in the building.

At South Beach Condos - East Tower, the two highest-volume anchor layouts were 1-Bedroom suites averaging $2,220 per month over 28 days on market and 1-Bedroom + Den suites averaging $2,581 per month over 33 days on market. This limited sample size includes 4 closed leases for standard 1-Bedroom units with an average rent of $2,220 per month, a median rent of $2,225 per month, a P25-P75 range of $2,188 to $2,258 per month, an average size of 513 square feet, and $4.40 per square foot. The 1-Bedroom + Den tier comprises 4 closed leases with an average rent of $2,581 per month, a median rent of $2,550 per month, a P25-P75 range of $2,506 to $2,625 per month, an average size of 625 square feet, and $4.14 per square foot. A limited sample of 3 closed 2-Bedroom + Den units achieved an average rent of $3,500 per month, a median of $3,450 per month, a P25-P75 range of $3,425 to $3,550 per month, an average size of 1,007 square feet, $3.48 per square foot, and 11 days on market. Representing an individual single transaction rather than a broad statistical benchmark, 1 closed 2-Bedroom unit rented for $2,700 per month with a median of $2,700 per month, a P25-P75 range of $2,700 to $2,700 per month, an average size of 850 square feet, $3.18 per square foot, and 18 days on market. Representing an individual single transaction rather than a broad statistical benchmark, 1 closed 3-Bedroom+ unit rented for $7,500 per month with a median of $7,500 per month, a P25-P75 range of $7,500 to $7,500 per month, an average size of 1,600 square feet, $4.69 per square foot, and 8 days on market.

At South Beach Condos - East Tower, parking premium data was inconclusive due to insufficient paired lease records. Suite bundling patterns indicate that parking was largely included or unseparated in baseline lease agreements without isolated line-item values. Active asking parking rates similarly lack sufficient paired samples to reliably isolate a dedicated premium.

At South Beach Condos - East Tower, overall rent trajectory moved through modest monthly fluctuations from spring into late summer. In April 2026, 2 deals closed averaging $2,888 per month at $3.91 per square foot over 25 days on market. In May 2026, 1 deal closed at $2,850 per month at $4.38 per square foot over 69 days on market. In June 2026, 2 deals closed averaging $3,000 per month at $3.78 per square foot over 4 days on market. In July 2026, 4 deals closed averaging $3,558 per month at $4.23 per square foot over 16 days on market. In August 2026, 4 deals closed averaging $2,763 per month at $3.95 per square foot over 28 days on market.