URBANPULSE INC.  |  Confidential to subscribers
2022-Q1  Purpose-Built & Condo Rental Monitor  —  CORE DISTRICTS ONLY

Effective rent / sq ft (avg 720 sf suite):  $3.09 psf
Implied average monthly rent (720 sf):      $2,228
Geography: Meridian Core Districts (C-1 + C-8)
Sample: 1,140 leased suites

Methodology
UrbanPulse does not publish metro-wide averages. The series is a Core
Districts (C-1 Harbour + C-8 Civic Core) blended index. Do not splice
this series onto MREB metro figures without a documented premium.

Cadence: this firm publishes Q1 and Q3 in full; Q2/Q4 notes are brief
and sometimes skipped. Missing a quarter is not a zero — it is unpublished.
