"The infrastructure is newer and better than in Miami-Dade," Kingsley says, "and, ever since Hurricane Andrew hit Miami-Dade, there has been a steady migration north." This migration, he notes, accompanies neighboring Miami-Dade's severe land constraints and residential growth that is taking place throughout South Florida.

Average asking rental rates for class A space here in the CBD is $28.71 per sf, a "minimal increase for the year," he says, while suburban rates rose 3% to an average of $23.90 per sf. The overall Broward County vacancy rate is 10.2% and just 586,688 sf of new spec office construction is under way. Of that, just 64,734 sf is taking place in the CBD.

Outside the CBD, which commands the highest rental rate in the county, stands the Hollywood submarket with an asking average of $26.20 per sf in the class A sector. Of the 11 submarkets in the country, rates in Hallandale trail the lot at an asking average of $20.50 per sf.

"Healthcare and insurance companies along with sales offices of multinational companies" are primary among new tenants in the county, Kingsley says, noting the county added 10,500 jobs in the past year. As a result, he projects continuing office absorption "for the next nine to 12 months."