MIAMI—Miami's office market continues its rise from the doldrums. But what should we expect in the year ahead? Some say there's no slowdown in sight.

"In 2016, the Miami-Dade office market will continue to be defined by limited inventory that has driven lease rates up and brought down concessions," Keith Edelman, a principal in Avison Young's tenant representation division in Fort Lauderdale. He's looking at specific submarkets and asset classes.

"Within the CBD—Downtown and Brickell—large blocks of space are limited and those options available will be at higher rates, particularly for class A product, as new office development lags behind other developments, such as condos and retail construction," says Edelman. "Look out in the new year for the production time for architectural/engineering construction drawings to possibly be impacted due to Miami's significant and steady pace of new development."