Park Avenue Place - Tower 2 — Rental Market Data

Park Avenue Place – Tower 2 has two active listings as of August 31, 2026, with asking rents ranging from $2,200 to $2,250 per month, an average of $2,225, and a median of $2,225. Both units are one-bedroom layouts averaging 550 square feet at $4.05 per square foot. The active inventory is entirely entry-level one-bedroom stock, with no two-bedroom or den-equipped suites currently on the market.

The sole active layout at Park Avenue Place – Tower 2 is the one-bedroom, accounting for both listings and 100 percent of available inventory. The two units average $2,225 per month at 550 square feet, yielding a rate of $4.05 per square foot. No other bedroom tiers are currently listed, so renters seeking two-bedroom or den configurations must look to the broader Maple submarket.

Park Avenue Place – Tower 2's two active listings span a $50 spread, from a minimum entry rent of $2,200 to a peak asking rent of $2,250 per month, a 2.3 percent range. The median asking rent sits at $2,225 per month. The entry-level suite is a one-bedroom at 550 square feet priced at $4.00 per square foot, while the peak unit is also a one-bedroom at 550 square feet carrying a slightly higher rate of $4.09 per square foot.

Den premiums and marginal cost per square foot for additional den space cannot be quantified at Park Avenue Place – Tower 2, as no active den-equipped listings exist to establish a reliable comparison. Active parking stall costs also cannot be reliably isolated due to an insufficient paired sample of verified listings; however, historical lease data confirms a verified parking premium of $150 per month for closed transactions.

Park Avenue Place – Tower 2's active asking rent of $2,225 per month sits below the Maple submarket average asking rent of $2,629, while its $4.05 per square foot rate runs 4.9 percent above the submarket asking benchmark of $3.86 per square foot. The lower nominal rent reflects the building's more compact 550-square-foot active suites compared to the larger footprints typical of submarket listings, meaning renters are paying a higher rate per square foot despite a lower monthly figure. The building currently holds two out of 38 active listings in the Maple submarket, representing roughly 5.3 percent of available inventory.

Park Avenue Place – Tower 2's average realized lease rent of $2,389 per month sits $6 below the four-comp benchmark of $2,395, with the spread driven by a split between two higher-renting peers and two lower-renting peers. Park Avenue Place – Tower 1 (9075 Jane St, 0.05 km, 13 closed leases) averaged $2,644 per month at $3.38 per square foot across 788 square feet, meaning the subject trades at a $255-per-month discount to that sister tower. Abeja District – Tower I (10 Abeja St, 0.11 km, 15 closed leases) averaged $2,427 per month at $3.54 per square foot over 691 square feet, placing the subject $38 lower on a monthly basis. On the other side of the spread, Abeja District – Tower II (474 Caldari Rd, 0.11 km, 22 closed leases) realized $2,219 per month at $3.68 per square foot in 622-square-foot suites, so the subject commands a $170-per-month premium over that tower. Abeja District – Tower III (498 Caldari Rd, 0.17 km, 27 closed leases) averaged $2,288 per month at $3.59 per square foot across 651 square feet, with the subject trading $101 higher per month. All four comparables recorded active lease transactions in the trailing 180 days, so every figure reflects realized rents rather than asking prices.

Park Avenue Place – Tower 2 leases at $3.61 per square foot across an average 675-square-foot suite, a rate that sits above the four-comp average of $3.55 per square foot and the submarket leased benchmark of $3.52 per square foot, while its footprint runs slightly below the peer-set mean of 688 square feet. Against Park Avenue Place – Tower 1, the subject trades at a $0.23-per-square-foot (6.8%) premium yet provides 113 fewer interior square feet, so the $255-per-month lower nominal rent is a function of the smaller suite footprint rather than a weaker per-square-foot valuation. The same dynamic holds with Abeja District – Tower I: the subject carries a $0.07-per-square-foot (2.0%) premium over that 2025 tower while delivering 16 fewer square feet, compressing the monthly rent to $38 below the comp despite the higher rate. With Abeja District – Tower II, the relationship inverts—the subject trades at a $0.07-per-square-foot (1.9%) discount below that tower's $3.68-per-square-foot rate while providing 53 more interior square feet, which is why the nominal rent lands $170 higher: the larger footprint, not a per-square-foot premium, drives the higher monthly figure. Against Abeja District – Tower III, the subject commands a modest $0.02-per-square-foot (0.6%) premium and offers 24 more square feet, producing a $101-per-month higher realized rent that reflects both a slightly richer rate and a wider interior plan.

Park Avenue Place – Tower 2 fields a ten-item amenity suite centred on social gathering and casual recreation—fire pit, library and reading room, games and billiards room, BBQ area, rooftop terrace, garden and courtyard, gym, party lounge, media theatre, and concierge security—positioning it as a community-oriented residential building rather than a wellness-resort product. The three Abeja District towers each layer in features the subject does not offer: indoor or plunge pools, yoga studios, sauna and steam rooms, pet wash stations, co-working or business centres, artist studios, kids' play rooms, and (at Tower I) a bar. Conversely, the subject's outdoor fire pit is absent from all three Abeja towers, and its dedicated library and reading room is missing from Tower I and Tower III, giving Park Avenue Place – Tower 2 a distinct quiet-social character that the wellness-heavy 2025 product does not replicate. Tower 1, the sister building, mirrors the subject's amenity list almost exactly and adds a single meeting room. The lifestyle package here—fire pit evenings, a stocked reading room, billiards, and an open garden courtyard—suits young professionals and small households who prioritise informal social spaces and low-key recreation over pool-and-spa wellness infrastructure, and who value a 2022-built building with established community rhythms over the newer but amenity-dense Abeja towers.