Colliers’ Q1 2012 Market Report for Waterloo Region Office Space

We have just completed our Colliers Market Report for Q1 2012.  The story behind this report is again RIM.  Much of the absorption shown is due to our addition of a number of RIM buildings that came on-line, we added to inventory and included as absorbed space.  RIM strives to control their real estate through ownership and this latest addition definitely completes a long-term phase of that strategy.  It will be interesting to see how this will affect the leasing market over the next 24 months since RIM has been such a large consumer of space over the past three years.