Where do asset management occupiers lease office space in Salt Lake City?

Most cluster in Downtown SLC. Rent runs ~32 USD/sqft ($32 USD) for trophy and prime stock.

What fit-out spec do asset management occupiers run in Salt Lake City?

Typically trophy at $220–310/sqft.

How much office space per seat should a asset management occupier plan in Salt Lake City?

Plan ~230 sqft per seat blended. A 100-person team typically takes 23,000 sqft.

What NAICS codes describe the asset management vertical?

Representative NAICS 2022 codes: 523930, 523920.

What is the talent index in Salt Lake City?

76/100. Use the city profile for full detail.

Asset management occupiers in Salt Lake City typically cluster in Downtown SLC, plan ~230 sqft per seat at trophy fit-out ($220–310/sqft), and pay around 32 USD/sqft ($32 USD) on Class A.

Preferred submarket: Downtown SLC.
Typical fit-out spec: Trophy ($220–310/sqft).
Plan ~230 sqft per seat for headcount sizing.
Class A rent context: 32 USD/sqft ($32 USD).
Typical lease: 7 years with 10 months rent-free.
Talent depth in Salt Lake City: 76/100.

Asset management office space in Salt Lake City

Asset management occupiers in Salt Lake City typically cluster in Downtown SLC, plan ~230 sqft per seat at trophy fit-out">fit-out ($220–310/sqft), and pay around 32 USD/sqft ($32 USD) on Class A.

TL;DR

Preferred submarket: Downtown SLC.
Typical fit-out spec: Trophy ($220–310/sqft).
Plan ~230 sqft per seat for headcount sizing.
Class A rent context: 32 USD/sqft ($32 USD).
Typical lease: 7 years with 10 months rent-free.
Talent depth in Salt Lake City: 76/100.

Where they cluster

Asset management occupiers in Salt Lake City typically anchor in Downtown SLC. Banking (Goldman Sachs, Wells Fargo, Zions), law firms, professional services.

What they pay

Class A rent in Salt Lake City runs 32 USD/sqft ($32 USD) on a 7-year lease with 10 months free. Trophy submarkets command a 20–40% premium above the city index.

Spec and fit-out

Typical asset management fit-out targets trophy specification at $220–310/sqft. Bespoke design, signature feature, top-tier MEP and acoustic packages are standard.

Headcount sizing

Plan around 230 sqft per seat blended (workstation + circulation + amenity). A 100-headcount asset mgmt office in Salt Lake City typically targets 23,000 sqft of leasable area.

Talent angle

Portfolio teams cluster around private-banking corridors; family-office tenancy keeps boutique trophy stock tight. Strong tech, finance, and engineering talent. University of Utah and BYU anchor the local engineering pipeline. Multilingual talent pool driven by LDS missionary culture supports international operations.

Tax and lease context

Headline corporate tax: 25.85%. Modified-gross structures. 7-10 year terms standard. Free rent of 8-12 months and TI of $70-$100/sqft typical on a 10-year Class A deal.

Key facts

city	Salt Lake City
industry	Asset management
naics	523930, 523920
preferredSubmarket	Downtown SLC
preferredFitoutSpec	Trophy
fitoutBand	$220–310/sqft
sqftPerSeat	230
classARentLocal	32 USD/sqft/yr
classARentUsd	$32/sqft/yr
vacancyPct	17.4%
typicalLeaseYears	7
typicalRentFreeMonths	10
talentIndex	76
corporateTaxPct	25.85%

Frequently asked questions

Where do asset management occupiers lease office space in Salt Lake City?: Most cluster in Downtown SLC. Rent runs ~32 USD/sqft ($32 USD) for trophy and prime stock.
What fit-out spec do asset management occupiers run in Salt Lake City?: Typically trophy at $220–310/sqft.
How much office space per seat should a asset management occupier plan in Salt Lake City?: Plan ~230 sqft per seat blended. A 100-person team typically takes 23,000 sqft.
What NAICS codes describe the asset management vertical?: Representative NAICS 2022 codes: 523930, 523920.
What is the talent index in Salt Lake City?: 76/100. Use the city profile for full detail.

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.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

Full sources index · Submit a correction