Insurance occupiers in Salt Lake City typically cluster in Silicon Slopes (Provo), plan ~220 sqft per seat at high-end fit-out ($155–220/sqft), and pay around 32 USD/sqft ($32 USD) on Class A.

• Preferred submarket: Silicon Slopes (Provo).
• Typical fit-out spec: High-end ($155–220/sqft).
• Plan ~220 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.

TL;DR

• Preferred submarket: Silicon Slopes (Provo).
• Typical fit-out spec: High-end ($155–220/sqft).
• Plan ~220 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

Insurance occupiers in Salt Lake City typically anchor in Silicon Slopes (Provo). Tech (Qualtrics), edtech, SaaS, BYU spinouts.

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. Prime submarkets sit at or modestly above the city index.

Spec and fit-out

Typical insurance fit-out targets high-end specification at $155–220/sqft. Branded reception, full client-facing programming, premium furniture, and specialist AV are standard.

Headcount sizing

Plan around 220 sqft per seat blended (workstation + circulation + amenity). A 100-headcount insurance office in Salt Lake City typically targets 22,000 sqft of leasable area.

Talent angle

Underwriting and actuarial talent concentrates near broker districts; long lease durations and conservative escalator structures are typical. 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

Frequently asked questions

Where do insurance occupiers lease office space in Salt Lake City?

Most cluster in Silicon Slopes (Provo). Rent runs ~32 USD/sqft ($32 USD) for trophy and prime stock.

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

Typically high-end at $155–220/sqft.

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

Plan ~220 sqft per seat blended. A 100-person team typically takes 22,000 sqft.

What NAICS codes describe the insurance vertical?

Representative NAICS 2022 codes: 524, 5241.

What is the talent index in Salt Lake City?

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

Related

• Insurance — global overview
• Salt Lake City — full city profile
• Financial services in Salt Lake City
• Asset management in Salt Lake City
• Investment banking in Salt Lake City
• Legal services in Salt Lake City

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

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