diff --git a/js_modules/dagster-ui/packages/app-oss/src/App.tsx b/js_modules/dagster-ui/packages/app-oss/src/App.tsx
index f44c84b2f9b29..7d2ac4e68c901 100644
--- a/js_modules/dagster-ui/packages/app-oss/src/App.tsx
+++ b/js_modules/dagster-ui/packages/app-oss/src/App.tsx
@@ -6,6 +6,7 @@ import {AppTopNav} from '@dagster-io/ui-core/app/AppTopNav';
 import {ContentRoot} from '@dagster-io/ui-core/app/ContentRoot';
 import {UserSettingsButton} from '@dagster-io/ui-core/app/UserSettingsButton';
 import {logLink, timeStartLink} from '@dagster-io/ui-core/app/apolloLinks';
+import {LiveDataPollRateContext} from '@dagster-io/ui-core/asset-data/AssetLiveDataProvider';
 import {DeploymentStatusType} from '@dagster-io/ui-core/instance/DeploymentStatusProvider';
 import React from 'react';
 
@@ -13,7 +14,7 @@ import {CommunityNux} from './NUX/CommunityNux';
 import {extractInitializationData} from './extractInitializationData';
 import {telemetryLink} from './telemetryLink';
 
-const {pathPrefix, telemetryEnabled} = extractInitializationData();
+const {pathPrefix, telemetryEnabled, liveDataPollRate} = extractInitializationData();
 
 const apolloLinks = [logLink, errorLink, timeStartLink];
 
@@ -37,14 +38,16 @@ const appCache = createAppCache();
 // eslint-disable-next-line import/no-default-export
 export default function AppPage() {
   return (
-    <AppProvider appCache={appCache} config={config}>
-      <AppTopNav searchPlaceholder="Search…" allowGlobalReload>
-        <UserSettingsButton />
-      </AppTopNav>
-      <App>
-        <ContentRoot />
-        <CommunityNux />
-      </App>
-    </AppProvider>
+    <LiveDataPollRateContext.Provider value={liveDataPollRate ?? 2000}>
+      <AppProvider appCache={appCache} config={config}>
+        <AppTopNav searchPlaceholder="Search…" allowGlobalReload>
+          <UserSettingsButton />
+        </AppTopNav>
+        <App>
+          <ContentRoot />
+          <CommunityNux />
+        </App>
+      </AppProvider>
+    </LiveDataPollRateContext.Provider>
   );
 }
diff --git a/js_modules/dagster-ui/packages/app-oss/src/extractInitializationData.ts b/js_modules/dagster-ui/packages/app-oss/src/extractInitializationData.ts
index 14ce8793b114f..bd8296776e20e 100644
--- a/js_modules/dagster-ui/packages/app-oss/src/extractInitializationData.ts
+++ b/js_modules/dagster-ui/packages/app-oss/src/extractInitializationData.ts
@@ -1,8 +1,10 @@
 const ELEMENT_ID = 'initialization-data';
 const PREFIX_PLACEHOLDER = '__PATH_PREFIX__';
 const TELEMETRY_PLACEHOLDER = '__TELEMETRY_ENABLED__';
+const LIVE_DATA_POLL_RATE = '__LIVE_DATA_POLL_RATE__';
 
-let value: {pathPrefix: string; telemetryEnabled: boolean} | undefined = undefined;
+let value: {pathPrefix: string; telemetryEnabled: boolean; liveDataPollRate?: number} | undefined =
+  undefined;
 
 // Determine the path prefix value, which is set server-side.
 // This value will be used for prefixing paths for the GraphQL
@@ -10,6 +12,7 @@ let value: {pathPrefix: string; telemetryEnabled: boolean} | undefined = undefin
 export const extractInitializationData = (): {
   pathPrefix: string;
   telemetryEnabled: boolean;
+  liveDataPollRate?: number;
 } => {
   if (!value) {
     value = {pathPrefix: '', telemetryEnabled: false};
@@ -22,6 +25,9 @@ export const extractInitializationData = (): {
       if (parsed.telemetryEnabled !== TELEMETRY_PLACEHOLDER) {
         value.telemetryEnabled = parsed.telemetryEnabled;
       }
+      if (parsed.liveDataPollRate !== LIVE_DATA_POLL_RATE) {
+        value.liveDataPollRate = parsed.liveDataPollRate;
+      }
     }
   }
   return value;
diff --git a/js_modules/dagster-ui/packages/app-oss/src/pages/_document.tsx b/js_modules/dagster-ui/packages/app-oss/src/pages/_document.tsx
index b3b8fe3d427dc..4111160df449a 100644
--- a/js_modules/dagster-ui/packages/app-oss/src/pages/_document.tsx
+++ b/js_modules/dagster-ui/packages/app-oss/src/pages/_document.tsx
@@ -35,7 +35,8 @@ export default function Document() {
             __html: `
     {
       "pathPrefix": "__PATH_PREFIX__",
-      "telemetryEnabled": "__TELEMETRY_ENABLED__"
+      "telemetryEnabled": "__TELEMETRY_ENABLED__",
+      "liveDataPollRate": "__LIVE_DATA_POLL_RATE__"
     }
   `,
           }}
diff --git a/js_modules/dagster-ui/packages/ui-core/src/asset-data/AssetLiveDataProvider.tsx b/js_modules/dagster-ui/packages/ui-core/src/asset-data/AssetLiveDataProvider.tsx
index 1b7913fbb3bbd..d93602ebb546c 100644
--- a/js_modules/dagster-ui/packages/ui-core/src/asset-data/AssetLiveDataProvider.tsx
+++ b/js_modules/dagster-ui/packages/ui-core/src/asset-data/AssetLiveDataProvider.tsx
@@ -112,6 +112,8 @@ const BATCHING_INTERVAL = 250;
 export const SUBSCRIPTION_IDLE_POLL_RATE = 30 * 1000;
 const SUBSCRIPTION_MAX_POLL_RATE = 2 * 1000;
 
+export const LiveDataPollRateContext = React.createContext<number>(SUBSCRIPTION_IDLE_POLL_RATE);
+
 type DataForNodeListener = (stringKey: string, data?: LiveDataForNode) => void;
 
 const AssetLiveDataContext = React.createContext<{
@@ -179,6 +181,8 @@ export const AssetLiveDataProvider = ({children}: {children: React.ReactNode}) =
     setOldestDataTimestamp(oldestDataTimestamp === Infinity ? 0 : oldestDataTimestamp);
   }, []);
 
+  const pollRate = React.useContext(LiveDataPollRateContext);
+
   React.useEffect(() => {
     if (!isDocumentVisible) {
       return;
@@ -186,26 +190,29 @@ export const AssetLiveDataProvider = ({children}: {children: React.ReactNode}) =
     // Check for assets to fetch every 5 seconds to simplify logic
     // This means assets will be fetched at most 5 + SUBSCRIPTION_IDLE_POLL_RATE after their first fetch
     // but then will be fetched every SUBSCRIPTION_IDLE_POLL_RATE after that
-    const interval = setInterval(() => fetchData(client, onUpdatingOrUpdated), 5000);
-    fetchData(client, onUpdatingOrUpdated);
+    const interval = setInterval(
+      () => fetchData(client, pollRate, onUpdatingOrUpdated),
+      Math.min(pollRate, 5000),
+    );
+    fetchData(client, pollRate, onUpdatingOrUpdated);
     return () => {
       clearInterval(interval);
     };
-  }, [client, isDocumentVisible, onUpdatingOrUpdated]);
+  }, [client, pollRate, isDocumentVisible, onUpdatingOrUpdated]);
 
   React.useEffect(() => {
     if (!needsImmediateFetch) {
       return;
     }
     const timeout = setTimeout(() => {
-      fetchData(client, onUpdatingOrUpdated);
+      fetchData(client, pollRate, onUpdatingOrUpdated);
       setNeedsImmediateFetch(false);
       // Wait BATCHING_INTERVAL before doing fetch in case the component is unmounted quickly (eg. in the case of scrolling/filtering quickly)
     }, BATCHING_INTERVAL);
     return () => {
       clearTimeout(timeout);
     };
-  }, [client, needsImmediateFetch, onUpdatingOrUpdated]);
+  }, [client, needsImmediateFetch, pollRate, onUpdatingOrUpdated]);
 
   React.useEffect(() => {
     providerListener = (stringKey, assetData) => {
@@ -297,6 +304,7 @@ let isFetching = false;
 async function _batchedQueryAssets(
   assetKeys: AssetKeyInput[],
   client: ApolloClient<any>,
+  pollRate: number,
   setData: (data: Record<string, LiveDataForNode>) => void,
   onUpdatingOrUpdated: () => void,
 ) {
@@ -314,11 +322,11 @@ async function _batchedQueryAssets(
   });
   onUpdatingOrUpdated();
 
-  function doNextFetch() {
+  function doNextFetch(pollRate: number) {
     isFetching = false;
-    const nextAssets = _determineAssetsToFetch();
+    const nextAssets = _determineAssetsToFetch(pollRate);
     if (nextAssets.length) {
-      _batchedQueryAssets(nextAssets, client, setData, onUpdatingOrUpdated);
+      _batchedQueryAssets(nextAssets, client, pollRate, setData, onUpdatingOrUpdated);
     }
   }
   try {
@@ -331,7 +339,7 @@ async function _batchedQueryAssets(
     });
     setData(data);
     onUpdatingOrUpdated();
-    doNextFetch();
+    doNextFetch(pollRate);
   } catch (e) {
     console.error(e);
     // Retry fetching in 5 seconds if theres a network error
@@ -369,7 +377,7 @@ function _unsubscribeToAssetKey(assetKey: AssetKeyInput, setData: DataForNodeLis
 }
 
 // Determine assets to fetch taking into account the last time they were fetched and whether they are already being fetched.
-function _determineAssetsToFetch() {
+function _determineAssetsToFetch(pollRate: number) {
   const assetsToFetch: AssetKeyInput[] = [];
   const assetsWithoutData: AssetKeyInput[] = [];
   const allKeys = Object.keys(_assetKeyListeners);
@@ -380,7 +388,7 @@ function _determineAssetsToFetch() {
       continue;
     }
     const lastFetchTime = lastFetchedOrRequested[key]?.fetched ?? null;
-    if (lastFetchTime !== null && Date.now() - lastFetchTime < SUBSCRIPTION_IDLE_POLL_RATE) {
+    if (lastFetchTime !== null && Date.now() - lastFetchTime < pollRate) {
       continue;
     }
     if (lastFetchTime && isDocumentVisible()) {
@@ -394,10 +402,11 @@ function _determineAssetsToFetch() {
   return assetsWithoutData.concat(assetsToFetch).slice(0, BATCH_SIZE);
 }
 
-function fetchData(client: ApolloClient<any>, onUpdatingOrUpdated: () => void) {
+function fetchData(client: ApolloClient<any>, pollRate: number, onUpdatingOrUpdated: () => void) {
   _batchedQueryAssets(
-    _determineAssetsToFetch(),
+    _determineAssetsToFetch(pollRate),
     client,
+    pollRate,
     (data) => {
       Object.entries(data).forEach(([key, assetData]) => {
         const listeners = _assetKeyListeners[key];
diff --git a/python_modules/dagster-webserver/dagster_webserver/app.py b/python_modules/dagster-webserver/dagster_webserver/app.py
index 9223fa27f0d84..5d04ecd3c9c71 100644
--- a/python_modules/dagster-webserver/dagster_webserver/app.py
+++ b/python_modules/dagster-webserver/dagster_webserver/app.py
@@ -1,3 +1,5 @@
+from typing import Optional
+
 from dagster import (
     _check as check,
 )
@@ -12,6 +14,7 @@
 def create_app_from_workspace_process_context(
     workspace_process_context: IWorkspaceProcessContext,
     path_prefix: str = "",
+    live_data_poll_rate: Optional[int] = None,
     **kwargs,
 ) -> Starlette:
     check.inst_param(
@@ -34,4 +37,5 @@ def create_app_from_workspace_process_context(
     return DagsterWebserver(
         workspace_process_context,
         path_prefix,
+        live_data_poll_rate,
     ).create_asgi_app(**kwargs)
diff --git a/python_modules/dagster-webserver/dagster_webserver/cli.py b/python_modules/dagster-webserver/dagster_webserver/cli.py
index 80452a0bcdf41..1dc6a3393a404 100644
--- a/python_modules/dagster-webserver/dagster_webserver/cli.py
+++ b/python_modules/dagster-webserver/dagster_webserver/cli.py
@@ -162,6 +162,14 @@ def create_dagster_webserver_cli():
     required=False,
     hidden=True,
 )
+@click.option(
+    "--live-data-poll-rate",
+    help="Rate at which the dagster UI polls for updated asset data (in milliseconds)",
+    type=click.INT,
+    required=False,
+    default=2000,
+    show_default=True,
+)
 @click.version_option(version=__version__, prog_name="dagster-webserver")
 def dagster_webserver(
     host: str,
@@ -175,6 +183,7 @@ def dagster_webserver(
     dagster_log_level: str,
     code_server_log_level: str,
     instance_ref: Optional[str],
+    live_data_poll_rate: int,
     **kwargs: ClickArgValue,
 ):
     if suppress_warnings:
@@ -205,7 +214,12 @@ def dagster_webserver(
             code_server_log_level=code_server_log_level,
         ) as workspace_process_context:
             host_dagster_ui_with_workspace_process_context(
-                workspace_process_context, host, port, path_prefix, uvicorn_log_level
+                workspace_process_context,
+                host,
+                port,
+                path_prefix,
+                uvicorn_log_level,
+                live_data_poll_rate,
             )
 
 
@@ -227,6 +241,7 @@ def host_dagster_ui_with_workspace_process_context(
     port: Optional[int],
     path_prefix: str,
     log_level: str,
+    live_data_poll_rate: Optional[int] = None,
 ):
     check.inst_param(
         workspace_process_context, "workspace_process_context", IWorkspaceProcessContext
@@ -234,11 +249,12 @@ def host_dagster_ui_with_workspace_process_context(
     host = check.opt_str_param(host, "host", "127.0.0.1")
     check.opt_int_param(port, "port")
     check.str_param(path_prefix, "path_prefix")
+    check.opt_int_param(live_data_poll_rate, "live_data_poll_rate")
 
     logger = logging.getLogger(WEBSERVER_LOGGER_NAME)
 
     app = create_app_from_workspace_process_context(
-        workspace_process_context, path_prefix, lifespan=_lifespan
+        workspace_process_context, path_prefix, live_data_poll_rate, lifespan=_lifespan
     )
 
     if not port:
diff --git a/python_modules/dagster-webserver/dagster_webserver/webserver.py b/python_modules/dagster-webserver/dagster_webserver/webserver.py
index 37aa16e977aa6..96b10e04592ec 100644
--- a/python_modules/dagster-webserver/dagster_webserver/webserver.py
+++ b/python_modules/dagster-webserver/dagster_webserver/webserver.py
@@ -2,7 +2,7 @@
 import io
 import uuid
 from os import path, walk
-from typing import Generic, List, TypeVar
+from typing import Generic, List, Optional, TypeVar
 
 import dagster._check as check
 from dagster import __version__ as dagster_version
@@ -51,9 +51,11 @@ def __init__(
         self,
         process_context: T_IWorkspaceProcessContext,
         app_path_prefix: str = "",
+        live_data_poll_rate: Optional[int] = None,
         uses_app_path_prefix: bool = True,
     ):
         self._process_context = process_context
+        self._live_data_poll_rate = live_data_poll_rate
         self._uses_app_path_prefix = uses_app_path_prefix
         super().__init__(app_path_prefix)
 
@@ -315,7 +317,7 @@ def index_html_endpoint(self, request: Request):
                     **{"Content-Security-Policy": self.make_csp_header(nonce)},
                     **self.make_security_headers(),
                 }
-                return HTMLResponse(
+                content = (
                     rendered_template.replace(
                         "BUILDTIME_ASSETPREFIX_REPLACE_ME", f"{self._app_path_prefix}"
                     )
@@ -323,9 +325,14 @@ def index_html_endpoint(self, request: Request):
                     .replace(
                         '"__TELEMETRY_ENABLED__"', str(context.instance.telemetry_enabled).lower()
                     )
-                    .replace("NONCE-PLACEHOLDER", nonce),
-                    headers=headers,
+                    .replace("NONCE-PLACEHOLDER", nonce)
                 )
+
+                if self._live_data_poll_rate:
+                    content = content.replace(
+                        "__LIVE_DATA_POLL_RATE__", str(self._live_data_poll_rate)
+                    )
+                return HTMLResponse(content, headers=headers)
         except FileNotFoundError:
             raise Exception("""
                 Can't find webapp files.
diff --git a/python_modules/dagster/dagster/_cli/dev.py b/python_modules/dagster/dagster/_cli/dev.py
index 6937e10c0bfef..ac49c7ad0c2aa 100644
--- a/python_modules/dagster/dagster/_cli/dev.py
+++ b/python_modules/dagster/dagster/_cli/dev.py
@@ -81,6 +81,13 @@ def dev_command_options(f):
     help="Host to use for the Dagster webserver.",
     required=False,
 )
+@click.option(
+    "--live-data-poll-rate",
+    help="Rate at which the dagster UI polls for updated asset data (in milliseconds)",
+    default="2000",
+    show_default=True,
+    required=False,
+)
 @deprecated(
     breaking_version="2.0", subject="--dagit-port and --dagit-host args", emit_runtime_warning=False
 )
@@ -89,6 +96,7 @@ def dev_command(
     log_level: str,
     port: Optional[str],
     host: Optional[str],
+    live_data_poll_rate: Optional[str],
     **kwargs: ClickArgValue,
 ) -> None:
     # check if dagster-webserver installed, crash if not
@@ -163,6 +171,7 @@ def dev_command(
             + (["--port", port] if port else [])
             + (["--host", host] if host else [])
             + (["--dagster-log-level", log_level])
+            + (["--live-data-poll-rate", live_data_poll_rate] if live_data_poll_rate else [])
             + args
         )
         daemon_process = open_ipc_subprocess(