The cost to rent an office along the popular Knox Street corridor is now higher than any other street in Dallas and most others nationally, a new report shows.
Renting offices in the buzzing urban environment with shops and restaurants along the Katy Trail comes at a significant premium. It was more than double the Dallas-area office market's average asking rent of about $34 per square foot as of the end of 2023, per JLL data. The top 10 most expensive streets in the city are largely in the Uptown area. Olive Street was the most expensive in the company's previous studies in 2015 and 2019. Before then, Crescent Court took the lead in 2005 and 2010.in downtown Austin, which has been bucking the trend of office market woes in the city's central business district, Austin Business Journal reported.
Mixed-use communities with a diversity of commercial, residential and entertainment uses have especially thrived in the post-pandemic leasing environment, recovering more quickly than office-centric cores, JLL said. Knox Street is no exception, set to