Marchex, Inc. entered into a sublease agreement with RentSpree, Inc. for its office space at 1200 5th Avenue, Seattle, WA. The sublease covers 12,300 square feet for a term beginning May 1, 2026, and ending September 28, 2027. Total fixed rent payments over the term are approximately $337,000. The company will record a non-cash impairment charge of approximately $203,000 in Q1 2026 due to the carrying value of the right-of-use asset exceeding its fair value.