• Development remained exclusively in Utah County North, with a total of 1.0 million sq. ft. under construction.
  • Three Class A properties delivered in Lehi, totaling 467,000 sq. ft.
  • Tenant departures from Utah County Central contributed to a jump in vacancy for the submarket.
  • Technology and coworking firms each accounted for approximately 30% of total new lease activity.
  • Strong employment and population growth support market improvement.