Investment banking occupiers in Salt Lake City typically cluster in Downtown SLC, plan ~215 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 ~215 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: Downtown SLC.
• Typical fit-out spec: Trophy ($220–310/sqft).
• Plan ~215 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

Investment banking 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 investment banking 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 215 sqft per seat blended (workstation + circulation + amenity). A 100-headcount banking office in Salt Lake City typically targets 21,500 sqft of leasable area.

Talent angle

Bulge-bracket teams favor signature trophy assets with full client-facing programming and large floor plates. 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 investment banking 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 investment banking occupiers run in Salt Lake City?

Typically trophy at $220–310/sqft.

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

Plan ~215 sqft per seat blended. A 100-person team typically takes 21,500 sqft.

What NAICS codes describe the investment banking vertical?

Representative NAICS 2022 codes: 523150, 522110.

What is the talent index in Salt Lake City?

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

Related

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