Biotech and life sciences occupiers in Salt Lake City typically cluster in Silicon Slopes (Provo), plan ~320 sqft per seat at high-end fit-out ($155–220/sqft), and pay around 32 USD/sqft ($32 USD) on Class A.
Biotech and life sciences occupiers in Salt Lake City typically cluster in Silicon Slopes (Provo), plan ~320 sqft per seat at high-end fit-out">fit-out ($155–220/sqft), and pay around 32 USD/sqft ($32 USD) on Class A.
Biotech and life sciences occupiers in Salt Lake City typically anchor in Silicon Slopes (Provo). Tech (Qualtrics), edtech, SaaS, BYU spinouts.
Class A rent in Salt Lake City runs 32 USD/sqft ($32 USD) on a 7-year lease with 10 months free. Prime submarkets sit at or modestly above the city index.
Typical biotech and life sciences fit-out targets high-end specification at $155–220/sqft. Branded reception, full client-facing programming, premium furniture, and specialist AV are standard.
Plan around 320 sqft per seat blended (workstation + circulation + amenity). A 100-headcount biotech office in Salt Lake City typically targets 32,000 sqft of leasable area.
Cluster effects are decisive: PhD-grade talent concentrates near academic-medical anchors and translational research institutes. 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.
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.
| city | Salt Lake City |
|---|---|
| industry | Biotech and life sciences |
| naics | 541714, 541715, 325412 |
| preferredSubmarket | Silicon Slopes (Provo) |
| preferredFitoutSpec | High-end |
| fitoutBand | $155–220/sqft |
| sqftPerSeat | 320 |
| classARentLocal | 32 USD/sqft/yr |
| classARentUsd | $32/sqft/yr |
| vacancyPct | 17.4% |
| typicalLeaseYears | 7 |
| typicalRentFreeMonths | 10 |
| talentIndex | 76 |
| corporateTaxPct | 25.85% |
Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.