CULTUREMAP- Fifth Avenue, Pennsylvania Avenue ... Congress Avenue? According to a new study, this 12-block stretch of downtown is raking in some seriously high rents.
According to professional services firm JLL, Congress Avenue is the 10th most expensive stretch of real estate in the U.S., joining such famous streets as San Francisco's Sand Hill Road (No. 1); New York City's Fifth Avenue (No. 2); and Pennsylvania Avenue in Washington, D.C. (No. 6).
In order to determine the 50 most expensive streets in the U.S., JLL looked at a variety of factors, including average full-service rent, average market asking price per square foot, and the ratio of the street's average price to market average.
Read full story on CultureMap Austin.