Dallas lands two spots on America’s priciest office submarkets

Bar chart titled “Top 25 most expensive office submarkets in the U.S. on average.” The vertical axis shows price per square foot ranging from $0 to $180. The horizontal axis lists 25 office submarkets, color-coded by region: NYC (purple), Bay Area (green), Boston (pink), Miami (gray), LA (blue), and Dallas (orange). Hudson Yards (NYC) is the highest at about $160 per square foot, followed by Central Park and Meatpacking District (NYC), Brickell (Miami), and Midtown Core (Boston). Dallas appears twice near the lower end with Preston Center and Uptown/Turtle Creek, both around $60 per square foot.
  • While it's no surprise that 14 of the top 25 submarkets are in Manhattan, with Hudson Yards claiming the top spot, two submarkets in Dallas have emerged on the scene as some of the most expensive in the country when compared to pre-pandemic averages.
  • Newcomers to the list include Preston Center and Uptown/Turtle Creek, which saw substantial increases of 59% and 35%, respectively, in their lease rents, placing them both in the top 5 submarkets nationally for largest percentage rent increase since pre-pandemic levels. 
  • This strong rent growth in Preston Center and Uptown/Turtle Creek is fueled by a flight to quality and heightened interest from financial firms expanding or relocating to Dallas amid the rise of “Y’all Street.” Notably, the Link at Uptown and Texas Capital Center ranked among the top 10 single-asset office sales nationally in Q3, signaling renewed institutional interest in these submarkets.

November 19, 2025

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Jordan Kile

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