Blue at Imperial Plaza — Rental Market Data

At Blue at Imperial Plaza, the 30-day average days on market reached 41 days with 1 lease closed at an average of $2,800 per month, while the 90-day average settled at 18 days across 10 closed leases compared to a South Midtown submarket benchmark of 23 days. Tracking 13 total lifetime closed leases, leasing turnover accelerated sharply through the early summer months before moderating into August.

At Blue at Imperial Plaza, tenants secured an average monthly discount of $42 per month, representing a 1.79% markdown from initial asking prices and generating $504 in annual tenant savings. With 46.2% of leases closing under asking and the remainder matching list price, transaction dynamics favoured prospective renters seeking landlord concessions.

The two highest-volume anchor layouts at Blue at Imperial Plaza are 1-Bedroom suites averaging $2,170 per month across 14 days on market and 2-Bedroom suites averaging $2,900 per month across 23 days on market. The 1-Bedroom tier represents a robust sample of 10 closed leases, averaging 501 square feet at $4.37 per square foot with an average rent of $2,170 per month, a median rent of $2,100 per month, and a P25-P75 range of $2,012 to $2,175 per month. The 2-Bedroom tier serves as a small sample size of 2 closed leases, averaging 750 square feet at $3.87 per square foot with an average rent of $2,900 per month, a median rent of $2,900 per month, and a P25-P75 range of $2,850 to $2,950 per month. Additionally, the 1-Bedroom + Den configuration represents an individual single transaction with 1 closed lease averaging $2,500 per month, 550 square feet, $4.55 per square foot, and 22 days on market (note that this represents an individual deal rather than a broad statistical benchmark).

At Blue at Imperial Plaza, realized leased parking commanded a verified premium of $283 per month. Parking stalls were typically bundled into larger multi-bedroom suite agreements, aligning closely with realized monthly vehicle accommodation values. Active asking parking data remained unreliably sparse, precluding direct comparison against current unrented listings.

At Blue at Imperial Plaza, monthly average rents followed a distinct spring expansion before peaking in late summer. April recorded 2 closed deals averaging $2,075 per month at $4.17 per square foot over 9 days on market. May registered 1 closed deal averaging $2,100 per month at $5.25 per square foot over 6 days on market. June posted peak spring volume with 6 closed deals averaging $2,442 per month at $4.44 per square foot over 19 days on market. July achieved 3 closed deals averaging $2,100 per month at $4.01 per square foot over 9 days on market. August closed 1 deal at $2,800 per month and $3.73 per square foot over 41 days on market.