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10 most expensive shoebox homes to rent in central region

From sbr.

10 most expensive shoebox private
homes to rent in central region rent for as much as $3,400 a month.

According to Square Foot Research,
about three quarter of the estimated 150 projects comprising shoebox units are currently located in the Central Region. Out of the 50 projects completed since 2012, 38 of them are located in the Central Region whereas the remaining are located outside of the CentralRegion,it
addded. Based on the total rental contracts signed in the past 6 quarters, Square Foot Research also said that the Central Region saw a higher rental take�up rate compared to Outside of Central Region. "The rental take�up rate for new projects
with shoebox units in district 9 and 10 is strong. Vivace saw a 91% take�up rate based on the number of rental contracts signed versus the estimated number of shoebox
units available," said Square Foot
Research. The research firm also said that it is interesting to note that the number of rental contracts signed within a year for RV Suites exceeded the number of shoebox units in the project. This, it said, may be due to rental contracts that are short�term in nature (6 months) that have expired or early termination on rental
contracts. Whichever the case may be, Square Foot Research said that the high replacement rate is yet another indication that rental
demand for such units is strong.

9.5 Parc Somme
Average Rental: $2,750
Rental Take-up: 55.6%
Postal District: 8
Completion Year: 2012
Total no. of units: 30
Estimated no. of shoebox units: 18
No. of rental contracts signed: 10

9.5 Leicester Suites
Average Rental: $2,750
Rental Take-up: 4.9%
Postal District: 13
Completion Year: 2013
Total no. of units: 47
Estimated no. of shoebox units: 41
No. of rental contracts signed: 2

8. Bliss Loft
Average Rental: $2,790
Rental Take-up: 58.3%
Postal District: 12
Completion Year: 2012
Total no. of units: 48
Estimated no. of shoebox units: 12
No. of rental contracts signed: 7

7. The Verve
Average Rental: $2,800
Rental Take-up: 44.1%
Postal District: 12
Completion Year: 2012
Total no. of units: 106
Estimated no. of shoebox units: 34
No. of rental contracts signed: 15

6. Eight @ Woodleigh
Average Rental: $2,840
Rental Take-up: 71.4%
Postal District: 13
Completion Year: 2012
Total no. of units: 330
Estimated no. of shoebox units:28
No. of rental contracts signed: 20

5. Loft @ Rangoon
Average Rental: $2,890
Rental Take-up: 54.5%
Postal District: 8
Completion Year: 2013
Total no. of units: 24
Estimated no. of shoebox units: 22
No. of rental contracts signed: 1

4. Alexis
Average Rental: $3,130
Rental Take-up: 68.8%
Postal District: 3
Completion Year: 2012
Total no. of units: 40
Estimated no. of shoebox units: 34
No. of rental contracts signed: 29

3. Domus
Average Rental: $3,280
Rental Take-up: 34.6%
Postal District: 12
Completion Year: 2012
Total no. of units: 104
Estimated no. of shoebox units: 26
No. of rental contracts signed: 9

2. Vivace
Average Rental: $3,340
Rental Take-up: 91.9%
Postal District: 9
Completion Year: 2012
Total no. of units: 85
Estimated no. of shoebox units: 62
No. of rental contracts signed: 57

1. RV Suites
Average Rental: $3,400
Rental Take-up: -
Postal District: 10
Completion Year: 2012
Total no. of units: 96
Estimated no. of shoebox units: 15
No. of rental contracts signed: 18

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