Corporate expansions creating demand for office space
James Lee Sorenson has begun building one of the first speculative office buildings along the Wasatch Front in years.
But the Utah businessman says he isn’t worried about finding tenants for the 120,000-square-foot building in Draper that is being constructed without a single signed lease.
“By the time we complete it, we will not only be fully leased but we will be turning people away,” he said of The Point II.
Sorenson isn’t alone in his optimism about the Wasatch Front’s office sector, which driven by corporate expansions seems to be in the midst of a turnaround after slumping during the downturn.
Sorenson, manager of Sorenson...