MIAMI—Existing core trophy office remains at a premium. Condo developers have snapped up most of the available land in the urban core.

What does that mean for Miami's office market? Although most industry watchers agree now is not the time to build, the market may soon shift from a tenant to landlord, especially for premium spots.

We caught up with Tere Blanca, president & CEO of Blanca Commercial Real Estate, to get her thoughts on the topic. She tells GlobeSt.com when she looks at office submarkets across Miami-Dade, places like downtown Miami and Brickell, Coral Gables, Doral, Coconut Grove, Aventura and South Miami are all experiencing rising occupancy, rising leasing rates, and little by way of new inventory expected over the next three years.