•  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  • 

Waterloo

Revenue increased by 1% in 2009 when compared to 2008 for the three office buildings known as the Waterloo Technology Campus, due mainly to a lease renewal accompanied by an increase in rental rate. Occupancy remains at 100% with 3% of the total space leased on a temporary basis to an already existing tenant of the Campus who is looking at the possibility of expansion. Another existing major tenant’s lease expires in 2010 and is examining its spatial requirements with the expectation of downsizing. We are currently working with both tenants to see if we can meet their requirements as well as investigating the market for other potential tenancies. The City of Waterloo’s economic situation has continued to be stable with respect to the Class ‘A’ office market.

 408 Albert Street
 410 Albert Street
 412 Albert Street