(Read more on the industrial market.)

DALLAS-Preliminary market reports show third-quarter absorption in the industrial sector has managed to keep pace with deliveries, keeping the vacancy rate in the single digits. By one firm's calculations, the market still has 16.2 million under construction.

“So far, they are absorbing what they're building, but the question is will it hold up,” says Jean F. Russo, senior director for Cushman & Wakefield of Texas Inc. C&W's preliminary report pegs year-to-date absorption at 7.25 million sf. CB Richard Ellis, also rolling out numbers, has Q3 absorbing 4.1 million sf. C&W's under-construction count is 16.2 million sf; CBRE's 15.7 million sf. CBRE's report includes preleasing, which shows slightly more than two million sf of the rising space has been reserved.