Murphy did five-year transactions with California-based Cal-East (62,000 sf), CalPERS of Sacramento, CA (26,500 sf) and Adler Group of Miami (20,000 sf).

"Many of the leases we have recently completed or are still being negotiated involve companies which had held off their decisions for several months to assess national economic conditions," the broker says. "Many of these companies simply could not continue to wait (any longer) so they appraised the strength of the Central Florida economy and decided to move forward."

Low interest rates and the financial strength of local and regional tenants are "contributing to an increase in tenants considering purchase options," Murphy says. That element, too, is buoying activity in the third quarter.