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AUSTIN-Last week, Cousins Properties Inc. announced it had launched construction on the 371,000-square-foot Colorado Tower, a class A office building smack in the heart of the CBD. According to local media reports, Colorado Tower is the second high-rise office development in the downtown submarket; in April, developers broke ground on the 195,000-square-foot IBC Bank Plaza.

Cousins has already secured Dubois Bryant & Campbell LLP and Scott Douglass & McConnico LLP as tenants for Colorado Tower. The question here becomes, however, whether there is enough demand for the supply coming online.

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