UrbanRental is the latest report by Urbanation, and will track rental activity in the condominium apartment market. Urbanation has compiled data on the new, resale and future condominium market in our Condominium Market Survey since 1981. UrbanRental is a natural extension of our brand.
The increased level of investor activity in the new condominium market has created a booming condominium rental market and a need to statistically analyze and monitor this data. Urbanation is utilizing its database of unit sizes in over 1,100 buildings (over 200,000 units) to provide both macro and micro level analysis. As average unit sizes continue to shrink, Urbanation’s ability to review rents on a per-square-foot basis is our competitive advantage. Urbanation’s 30-plus years of condominium market knowledge is the backbone for identifying trends and shifts in this emerging market.
UrbanRental will review quarterly and annual changes in index rents for the Toronto CMA as a whole, and the smaller areas within the CMA: municipalities, submarkets and on a project-by-project basis. The new report will also cover average and median monthly rents, average suite sizes, days on market, lease-to-listings ratio and much, much more. What projects had the most rental activity, the highest rents, and which provide the best value? What are the hottest areas, the up-and-coming markets?
Who is UrbanRental for?
With many downtown condominium projects selling over 70% of their units to investors, developers need to keep a keen eye on index price movement and rental transaction activity. Any signals of a future investor pullback will surface in the pages of UrbanRental and help developers from launching the wrong product at the wrong time.
This data is invaluable for realtors and brokers, to truly represent your clients you need to know the entire picture plus the micro level data that your investors crave. UrbanRental will set you apart from other realtors out there; knowledge is power.
For purpose built rental apartment owners, this data will help you establish rental rates for your units. UrbanRental has the registration year for every project in our database, compare your buildings to condominium apartments built around the same time. Is it the right time to build another rental project, an area with a very high lease-to-listings ratio may point to an underserved rental market.
Are you an individual investor that holds five or six units? UrbanRental will provide the hard facts relating to your specific building; are rents flat, is it time to sell your suite? Are rental listings low in your submarket, is it time for a rent increase on your suite? What unit size should you buy next, and in what area?
UrbanRental is available for $1,375 annually and includes four quarterly PDF reports per year and an excel list of the average unit size, monthly lease rate, index rent, and average days-on-market for over 1,100 buildings in the Toronto CMA.
A sample report will be provided upon request, please email Pauline@Urbanation.ca.
If you would like to sign up for UrbanRental, please fill out the form on this page and we will send you an invoice for $1,375 plus HST. The report will be sent to one email address, additional email recipients per firm will be charged at a rate of $25.