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DEN Property Group is an innovative, turn-key real estate group that creatively solves our clients' challenges from selling, buying and investing in architecturally-significant, sustainable and luxury...

The Linden Residences

Take Advantage of Pre-Construction Sales

The Linden is a 28-story, contemporary tower that introduces a new concept in inspired living where world-class luxury meets Austin’s artful soul.

Exclusively listed by DEN Property Group

Austin Proper
Hotel & Residences

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For owners of Austin Proper Residences, with elevated living brings 32 stories of glass and skyline views.

Exclusively Listed by DEN Property Group in partnership with KOR

Bespoke, 2–Story Penthouse at Austin City Lofts

800 W 5th St | No. 1208

Rare opportunity to own in Downtown Austin. The Austin City Lofts are an intimate collection of 82 residences & home to this bespoke, 2-story penthouse w/ 22-ft ceilings & expansive windows. The impre...

Modern Tarrytown Retreat

2207 Sunny Slope Drive

This exceptional modern, new–construction opportunity in Tarrytown is nearing completion. Impeccable design by architects Patrick Ousey and Pam Chandler of the award-winning firm FAB Architecture. T...

Wimberley Sanctuary Along the Blanco River

111 Lazy L Lane

A treasured and exceptional sanctuary with over 700 feet of waterfront with shallow rapids along the deepest end of the Blanco River just moments from charming and artsy downtown Wimberley.

Community First! Village

As a part of DEN Property Group’s relentless optimism and philanthropic commitment to giving back to the places and people who inspire us...

Horseshoe Bay Development Opportunity

164 Acres & Waterfront Access

Final phase of The Trails of Horseshoe Bay with access to hiking trails, horseback riding trails, Lake LBJ, resort & more…

The most expensive street in Texas? It's in downtown Austin

Posted on Tuesday, December 1st, 2015 at 11:48am.

Austin's residential real estate market isn't alone when it comes to skyrocketing prices. In fact, a new report from JLL reveals the most expensive commercial streets in the U.S., and one is in the heart of downtown.

Congress Avenue is the 11th most expensive street in America — and the most expensive in Texas — according to the report. The investment firm found that the average rent on this downtown thoroughfare is $48.11 per square foot, $16 higher than the Austin market average.

"Limited construction and growing tenant demand" is increasing rent in midsized markets like Austin, which has seen a 14.4 percent increase in prices in just two years. And, notes JLL, amenities like restaurants are adding to both the value and the price.

"Tenants will pay a little bit more in rent to have restaurants, retail, entertainment, and residential right by the office — their employees are demanding this," says Ben Heller, managing director with JLL, in a press release. "Going forward, surrounding amenities will play a huge role in where a tenant signs their lease." That information bodes well for property owners on Congress Avenue, which boasts some of Austin's top attractions. 

On the heels of Congress Avenue are two other pricey Texas streets. McKinney Avenue in Dallas ranks No. 14 overall; the average rent there is $43.81 per square foot. Louisiana Street in Houston comes in at No. 15, with an average price per square foot of $43.67. 

Source: CultureMap Austin

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