More than 11.5 million square feet of industrial space in South Florida was leased in 2017, pushing down vacancy rates and strengthening the industrial real estate market.

The industrial sector has been profiting from a favorable tip in the supply-and-demand balance. The upswing in the economy and employment and the growth of e-commerce are upping demand, and new construction isn’t keeping up, according to studies and interviews with market experts.

Barry D. Lapides.