MIAMI—Avison Young is clearly making a push in Florida. Acquiring two commercial real estate firms in four days earlier this month is just one sign that the firm is serious about its plans for the Sunshine State.

Indeed, Avison has done—and continues to do—its homework. Keith O'Donnell, an Avison principal, has some keen insights into what we can expect in Florida's commercial real estate market, particularly the office market, in 2015.

“2015 will be the return of the office market in the 'burbs,” O'Donnell tells GlobeSt.com. “Almost every asset class has recovered from its lowest valuations in 2008 and 2009 up to now, except for suburban office.”

About 750,000 square feet of office space has been absorbed in Miami's urban core since the recession, according to a recent Miami Downtown Development Authority report. The report also reveals the office vacancy rate in Downtown Miami has dramatically decreased in recent years and that trend is expected to continue, buoyed by the residential growth in the area.

“2015 will see the return of that asset class to where investors and occupiers will drive innovations in select new vertical development projects,” O'Donnell says. “Prices will command a premium due to the lack of land and rising  construction costs, but the disappearing blocks of quality space and the continued maturity of South Florida will influence this activity.”

Avison is acquiring Abood Wood-Fay Real Estate Group, which is currently doing business as Colliers International South Florida, it announced on November 10. Four days later, the firm acquired Orlando-based Morrison Commercial Real Estate (MCRE).