The market experienced strong leasing of more than 1.1 million sf in the third quarter, according to the report. This figure makes the year-to-date leasing total nearly 3.8 million sf, which is up from almost 3.4 million sf for the same period last year. Among the major leases that quarter was Air Spares America's 56,320-sf warehouse/distribution lease in the Deerfield Beach submarket. Also, Trane leased 52,081 sf of warehouse/distribution space in Pompano Beach.

Industrial sales also had a decent quarter, with sales reaching nearly 1.2 million sf in the third quarter and close to 3.5 million sf year-to-date. The biggest sale of the quarter was the 276,000-sf warehouse distribution building located at 5701 N.W. 94th Ave. in Tamarac. Gray Capital LLC was the buyer; the building sold for about $6.5 million.

Despite the positive signs, the overall vacancy rate in the county rose from 9.2% after the second quarter to 9.5% third quarter. The increase is partly attributed to new space delivered in the third quarter.