"We're seeing a lot of large, short-term requirements … with all the uncertainties in the economy," Eric Person of Grubb & Ellis tells GlobeSt.com, adding that although these three leases are for six to nine months, they have much value. "The space gets taken down and removed from the market."

In one recent deal, Smith Terminal Warehouse Co. has subleased 100,000 sf of industrial space from USCO Distribution Services. The space is located in Beacon Station at 10805 NW 100th St. in Medley, FL. Smith Terminal is a public warehousing company, which offers contract warehousing space.

This lease has an approximate estimated value in the $262,500 to $393,000 range, based on average sublease rental rates in the low to mid-$5 range per sf. Person of Grubb & Ellis represented USCO Distribution Services in this deal.