Downtown SLC is a trophy-tier Salt Lake City submarket with average asking rent around $42/sqft/yr.

  • Average asking rent: $42/sqft/yr.
  • Tier: trophy.
  • Citywide Class A rent context: $32/sqft/yr ($32 USD).
  • Citywide vacancy: 17.4% — submarket-level availability is typically tighter at trophy tier.

Downtown SLC, Salt Lake City office rents and availability

Downtown SLC is a trophy-tier Salt Lake City submarket with average asking rent around $42/sqft/yr.

TL;DR

  • Average asking rent: $42/sqft/yr.
  • Tier: trophy.
  • Citywide Class A rent context: $32/sqft/yr ($32 USD).
  • Citywide vacancy: 17.4% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

Downtown SLC averages around $42/sqft/yr for Class A, against a citywide Class A index of 32. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

The financial-services trophy core. Banking (Goldman Sachs, Wells Fargo, Zions), law firms, professional services.

Key facts

citySalt Lake City
submarketDowntown SLC
tiertrophy
averageRentLocal$42/sqft/yr
cityClassARentUsd$32/sqft/yr
cityVacancyPct17.4%

Frequently asked questions

What is the average Class A rent in Downtown SLC, Salt Lake City?
Around $42/sqft/yr. The citywide Class A index sits at $32/sqft/yr.

Related

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

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