Despite this glut, Sunrise-based Kellstrom Industries Inc. appears committed to a $15 million asking price, or $73.17 per sf, on 205,000-sf of office-warehouse space it is vacating at 1100 International Parkway.

Kellstrom retained CB Richard Ellis about 90 days ago to market the property. The decision to sell the building followed the company's acquisition last year of Aviation Sales Co. and plans to merge operations into a 660,000-sf warehouse-distribution site in the neighboring community of Miramar.

"We think the quality of the building, and the newness of the building (built in 1999), warrants the price," Harry Tangalakis, a CB Richard Ellis first vice president, tells GlobeSt.com. "It just has to be seen to be understood."

The building's 45,000-sf of office space easily ranks as class A, Tangalakis says, with hardwood floors, a high-tech conference room, an open floor plan with executive suites.

"A building of this size is typically is going to be bought by a publicly held corporation or large private company," Tangalakis says. "Unfortunately, most of the publicly held corporations are responding to Wall Street and don't want to put a lot of debt on the balance sheet."

It might be easy to blame a softer economy for the slower movement of these properties, Metzger says. He suspects most prospective buyers and tenants are just biding time.

"The big question is not so much economics as it's the commitment," Metzger says. "We've not really seeing a rejection of space because of economics. It's the commitment of whether they can use the space. And it's some of that indecisiveness that has stalled the closing on some leases and sales."