Lake Highlands Office Space for Rent
Lake Highlands is a large residential neighborhood in northeast Dallas, bordered by Richardson to the north, Garland to the east, East Dallas to the south, and North Dallas and the Central Expressway to the west. It is comprised of a collection of smaller subdivisions, the majority of which fall within the Richardson Independent School District, making it one of few neighborhoods in the Dallas area not served by the Dallas Independent School District.
While most of Dallas is fairly flat, Lake Highlands’ topography sets it apart, with hills and valleys that earn it its name and also offer great views of Downtown Dallas. It is considered one of the best Dallas neighborhoods to live, work, and play in, thanks to an abundance of outdoor activities and opportunities. White Rock Lake, a reservoir built in the early 20th century, is a destination for boaters, joggers, bikers, and more, with kayaks, canoes, and stand-up paddle boards available for rent, as well as a 9.3-mile trail and a dog park.
The population of Lake Highlands is young and educated, with a median age of 35 and 36% of residents over 25 holding a four-year degree or higher, a high percentage for the Dallas-Fort Worth area. It is home to Richland College, with Southern Methodist University and the University of Texas at Dallas nearby.
Lake Highlands Office Space | Lease and Data Trends
Lake Highlands is home to Texas Instruments, one of the largest suppliers of semiconductors and digital signal processors in the world. It is also located near three major business areas in DFW: the Platinum Corridor, the Preston Center, and the Telecom Corridor.
According to 2018 commercial real estate leasing data, there is nearly 12 million square feet of office space inventory available in the North Central Expressway area of Dallas, with an average asking rent of just under $29 per square foot. Class A office space accounts for more than half of the local commercial real estate inventory, with an average asking rent of about $30 per square foot, and Class B office space accounts for the remaining office space assets, with an average asking rent of just under $25 per square foot.
What Brokers Say About Lake Highlands Office Space for Rent
While it is primarily a residential area, Lake Highlands offers a host of attractions, particularly for outdoors enthusiasts. It also boasts a number of favorite restaurants and bars, from healthy options to Southern staples and great ethnic cuisine.
There are over 875 acres of park space in Lake Highlands; with 26 miles of trails, disc golf courses, baseball and soccer fields, and playgrounds, there is something for everyone when it comes to playing outside. White Rock Lake is a favorite destination, with boat rentals, trails, and more, as well as the 66-acre Dallas Arboretum and Botanical Garden on its eastern shore. In addition to the lake trails, there are trails along White Rock Creek, which feeds into the lake and continues on to join the Trinity River southeast of Downtown Dallas.
The Lake Highlands restaurant scene boasts an impressive variety of eateries for a residential neighborhood. For drinks, our brokers recommend the newly opened Oak Highlands brewery, the first craft brewery in the neighborhood, as well as Cedar & Vine Community Kitchen and Cocktails. Mario Bros Tacos, Resident Taqueria, and El Fenix serve up Mexican and Tex-Mex favorites, while Yenat Guada and Arif Café offer authentic Ethiopian cuisine. Locals love ONE90 Smoked Meats, winner of Dallas Magazine’s 2016 Best Barbecue award, as well as classic-feeling spots such as Keller’s Drive In, Norma’s Cafe, and Fish City Grill. For those seeking healthier fare, modern new joints Nature’s Plate and Unleavened Fresh Kitchen come highly recommended.
For a residential neighborhood, Lake Highlands is buzzing with activity and a growing food and culture scene, surely a draw for its young population.
Lake Highlands Neighborhood History
Lake Highlands is one of the youngest neighborhoods in Dallas; Lake Highlands Elementary School dates back only to 1955, and Lake Highlands High School wasn’t completed until the mid-1960’s. The area surrounding Richland College, in what is now Lake Highlands, was settled in the 1840’s by people moving in from Kentucky and Tennessee. However, after the Civil War, the newly constructed railroad bypassed this area, and the settlement shifted to the northwest to be closer to the railroad, becoming the town of Richardson, which borders Lake Highlands to the north.
Before the neighborhood now known as Lake Highlands came to be, there was a small neighborhood located inside the triangle formed by Lake Highlands Drive, Northwest Highway, and White Rock Lake that went by that name. After Lake Highlands High School opened to the northwest as part of the Richardson school district, this area was referred to simply as “The Peninsula” until, in the 1990’s, its subdivisions of Lake Terrace, Lake Highlands Pointe, Bel Aire Estates, Lake Highlands Estates, and Park Highlands joined together to form the Old Lake Highlands Neighborhood Association. Old Lake Highlands is part of the Dallas Independent School District.
Getting Around Lake Highlands, TX
Like much of Dallas, Lake Highlands is still primarily a car-dependent neighborhood. However, it does have access to Dallas Area Rapid Transit, or DART, which began operating in the area in 1996. Residents can access the Red and Orange Lines at Forest Lane Station and LBJ/Central Station, and the Blue Line at White Rock Station, Lake Highlands Station, and LBJ/Skillman Station. The Red Line connects Lake Highlands to Downtown, Uptown, Richardson, and Plano. The Orange Line connects to Downtown and Uptown, as well as DFW Airport, Irving, Las Colinas, Dallas Love Field, and Victory Park. The Blue Line connects to East Dallas and Garland.
The growing network of bike trails in Lake Highlands is great for getting around the neighborhood and for recreational cycling, but a lack of sufficient bike lanes means that biking is still not a favorite form of commuting for Lake Highlands-based workers.