(Save the date: RealShare Industrial 2012 comes to The Bankers Club, Miami, December 5 - 6.)

PALM BEACH, FL—South Florida’s industrial market continues improving as cargo traffic increases from the Miami International Airport and the Panama Canal expansion promises to send even more opportunity to the region. Occupancy at Quadrant Business Center in Deerfield Beach has seen occupancy rise about 50% in the last 12 months.

Colliers International South Florida brokers Robert Listokin and Clinton Casey have signed on four large users and several smaller tenants, which equates to about 100,000 square feet of executed leases, over the past 12 months. Coverall North America, Breezer Holdings, Guardian Pharmacies, and Blue Ocean Ventures are among the newest tenants. All but Guardian Pharmacies are corporate headquarters deals.

"An aggressive marketing plan, along with incentives for co-brokers, brought awareness to the market, and tenants to the building," Listokin said in a statement. Listokin noted that State Teachers Retirement System of Ohio has owned the industrial asset for more than 15 years.

Quadrant Business Center still has office and warehouse space available for lease. The property offers quick and easy access to Interstate 95, Florida's Turnpike, and the Sawgrass Expressway.

“As world economy grows the export economy grows, and it’s flowing through Miami if it is going to Latin America or the Caribbean,” Christian Lee, vice chairman of CBRE’s Miami office, tells GlobeSt.com. “The projected growth on exports is 20% over the next five years. Although we feel that the widening of the Panama Canal is going to be a boon for the economy and help our industrial markets, if 20% growth occurs on Miami exports we won’t have enough land to support all the industrial developments.”