MIAMI—South Florida's industrial scene continues gaining momentum in the fourth quarter. And McCraney Property Company is tapping right into the flow.

McCraney secured two new leases spanning 30,936 square feet at its two new class A industrial buildings in West Pam Beach—prior to Certificate of Occupancy. The buildings are located at 2211 and 2213 Vista Parkway within Vista Distribution Center.

The pre-leasing to the following companies represents roughly 33% of the total 96,077 square feet available. Epic Gymnastics is taking down 12,682 square feet of Building 1's 51,764 square feet at 2211 Vista Parkway. Nodara is leasing 18,254 square feet of Building 2's 44,313 square feet at 2213 Vista Parkway.

"In recent months, we've experienced increased demand in the Palm Beach County industrial market from businesses seeking a requirement for 10,000 to 20,000 square feet of class A space," Steven McCraney, president and CEO of McCraney, tells GlobeSt.com. "We have already seen 658,791 square feet of absorption to date in 2015, the majority of which has taken place within our properties, and we anticipate absorption to continue at an aggressive pace."

According to McCraney's research, the vacancy rate in West Palm Beach's industrial market is about 4.2%. The limited supply of class A product is putting pressure on lease rates and sale prices, and impacting tenants seeking medium to large floorplans in the market.

“In advance of today's market conditions of increased demand for class A industrial product to the point of a shortage of available options, we committed to build spec product to meet the growing demand in West Palm Beach,” says McCraney. “With 658,791 square feet of absorption in the West Palm Beach industrial market to date this year, we're confident that Vista Distribution Center and our next project, 388,000 square feet of new construction on 45 acres at Turnpike Distribution Center, will be well received in the market due to our approach of delivering modern spaces in line with today's business needs.”

The new spec warehouse space is designed to allow signage along Jog Road for 50 percent of the building with the other 50% facing Vista Parkway. Built with 24-foot tilt up concrete, the dock area can accommodate any size freight with ample doors per bay and includes some grade level loading. Christopher Thomson, Senior Director with Cushman & Wakefield, represented McCraney Property Company during the latest transaction at the property.