Autofit rectangle to wrapped text
It would be great to have an option that sized the rectangle to the size that your text needs. Currently, you need to manually resize your box, which can look quite poor and it's a game to get it just the right size.
In the above example, a workaround might be to use point text with a callout instead, but this isn't very intuitive to find, nor is it intuitive to have two places to do the same thing with slightly different options. Plus, when you have a paragraph or so, you have to use rectangle text unless you want it all on one line or feel like messing with manual paragraph returns. The only option right now for rectangle text is to drag the handles to the point just before the text disappears on you.
I think what I'm looking for is a setting - perhaps similar to the one used in legends - for specifying a width or height and having it resize the other (or both) automatically.
InDesign has a similar functionality, outlined here: https://creativepro.com/auto-size-indesigns-text-frames/
Are you sure you're not just describing the Rectangle text tool in layout view?
When you make the text box, you then set the wrapping, background, border, and it takes care of itself.
