North Station Business Park

📍 Adjacent to Farmington FrontRunner Station, Farmington, UT · 2026–2027

The conventional wisdom about suburban office is that it's dead. Remote work killed it, the argument goes, and the suburban office park is a relic of the 20th century. North Station Business Park is a direct challenge to that narrative — and the pre-leasing activity suggests the market agrees with the challenge.

The Boyer Company and Woodbury Corporation are not naive developers. They have watched the suburban office market carefully, and their conclusion is nuanced: generic suburban office is struggling, but transit-accessible, amenity-rich suburban office in high-income markets is thriving. North Station Business Park is designed to be the latter. The FrontRunner adjacency means employees can commute from Salt Lake City, Ogden, or anywhere along the Wasatch Front without a car. The on-site café, fitness center, and conference facilities mean employees don't need to leave the campus for basic needs. The Class-A finishes and EV charging infrastructure signal that this is a building for companies that want to attract and retain talent.

The tenant profile that Boyer and Woodbury are targeting is specific: tech companies with 50–300 employees, medical and healthcare services firms, and professional services companies (law, accounting, consulting) that want a suburban campus with urban transit access. This is a well-defined niche — and it is a niche that is actively underserved in Davis County, where Class-A office supply has not kept pace with the growth of the professional services sector.

The employment impact deserves emphasis. North Station Business Park is projected to bring 800–1,200 white-collar jobs to Farmington — a significant diversification of a city whose employment base has historically been dominated by retail, education, and government. These are jobs with average salaries of $75,000–$120,000, held by people who will shop at Maker Way, eat at Canopy Square, and eventually buy homes in Farmington. The business park is not just a real estate investment; it is an economic development catalyst.

For residential property investors in the North Farmington Station area, the business park's arrival is a significant positive signal. Employment anchors are the most durable drivers of residential demand — they create a permanent, recurring need for housing that is independent of migration patterns or demographic trends. When 1,000 people work at North Station Business Park, many of them will want to live within walking distance. That demand will support residential values in the corridor for decades.

What This Means for Your Investment

Transit-oriented office is the most durable commercial real estate play in the Mountain West right now. Companies are actively seeking suburban campuses where employees can commute by rail — it reduces turnover, expands the talent pool, and cuts parking costs. North Station Business Park checks every box: FrontRunner access, Class-A finishes, and a trade area with one of the highest household incomes in Utah. For commercial property investors, this is the kind of anchor tenant magnet that lifts the entire corridor.

Employment anchors are the most durable drivers of residential real estate demand. The addition of 800–1,200 white-collar jobs at North Station Business Park will create permanent, recurring housing demand in the North Farmington Station area. Research on transit-oriented office campuses in comparable Mountain West markets shows that residential properties within a half-mile of a major employment anchor appreciate 8–15% faster than the broader market in the five years following the anchor's opening.

North Station Business Park will bring a daily population of 800–1,200 workers to the North Farmington Station area, creating the daytime activity that is essential for a vibrant mixed-use neighborhood. Workers will patronize the Maker Way restaurants for lunch, the Canopy Square coffee shops for morning meetings, and the Western Sports Park for after-work fitness. The business park transforms the corridor from a residential-only neighborhood into a true live-work-play community.

The Boyer Company is Utah's largest commercial real estate developer, with over 50 years of experience and a portfolio exceeding 30 million sq ft of office, industrial, and mixed-use space. Their partnership with Woodbury Corporation for North Station Business Park brings together the two most experienced commercial developers in the state for a project that both companies see as a defining asset in the emerging North Farmington Station corridor.

📍 Adjacent to Farmington FrontRunner Station, Farmington, UT

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