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Old Posted Jan 9, 2018, 2:29 PM
We vs us We vs us is offline
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Join Date: Sep 2015
Location: Austin, TX
Posts: 3,601
Did this one reduce in size? At some point I thought it was supposed to be taller than Fifth and West. If it's now only 31 floors, that's some major shrinkage.

This was also interesting to me:

Quote:
Parsley follows several other companies in Austin, including Google, Indeed, HomeAway and Facebook, that have leased entire buildings either before they broke ground or while still under construction.

Parsley’s newly signed deal is one of downtown Austin largest ever office leases, according to research from Cushman & Wakefield, a commercial real estate services firm that tracks the local office market.

(snip)

Diana Holford, senior vice president in Austin with commercial real estate services firm JLL, said downtown Austin “continues to be the location of choice for employers.”

“Demand is so great, new construction tends to be leased before the building is five feet above the ground,” Holford said. And with demand for space exceeding the supply, she said, “rental rates continue to escalate.”
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