MIAMI—The West Building at Aventura Optima Plaza is filling up fast. CNL Commercial Real Estate just inked three new leases at the office building, which brings occupancy to 94%.

Randy Olen and Sareska Alonso of CNL Commercial Real Estate represented the landlord in these transactions. The deals account for about 16,396 square feet of office space and are part of a trend toward new-to-market tenants in the region.

"Having leased office space in South Florida for over 25 years, I can confirm we are currently experiencing a landlord's market in Miami-Dade County," Olen tells GlobeSt.com. "With factors such as lack of office construction and pent-up-demand for office space, we can anticipate rental rates spiking six to 7% per year over the next few years or until we see new office construction."