The Lehi office parks are emptying out. Seed-stage startups are moving in.
Sublease rates near Thanksgiving Point have fallen for six straight quarters, and small teams are taking the space on short terms.
By Jordan Pace · Oct 29
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Brokers in north Utah County say half the sublease listings along the I-15 corridor are now under 5,000 square feet, carved out of floors once leased by a single growth-stage company.
Founders say the appeal is flexibility: month-to-month terms, furniture included and a parking lot that is no longer full by 9 a.m.