[AustinGoesVertical]

With such robust demand for Class A office space in the CBD, I don't understand why these office proposals continue to be disproportionately made up of parking. And if there needs to be a 10+ story parking podium, then why aren't they building more office space into the project. If a developer is getting this entire building pre-leased prior to groundbreaking, then they're just leaving money on the table by not maximizing the use of the land. There are only so many downtown sites. These new office towers need to be 600-700 ft, not 30-stories. Construction costs obviously increase with added height, but with pre-leased demand like this, not spec projects, financing should be easier to get. And you leverage your return with debt if you leverage the size of the project as well.