Where do real estate and infrastructure 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 real estate and infrastructure occupiers run in Salt Lake City?

Typically high-end at $155–220/sqft.

How much office space per seat should a real estate and infrastructure 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 real estate and infrastructure vertical?

Representative NAICS 2022 codes: 531, 237.

What is the talent index in Salt Lake City?

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

Real estate and infrastructure occupiers in Salt Lake City typically cluster in Downtown SLC, plan ~215 sqft per seat at high-end fit-out ($155–220/sqft), and pay around 32 USD/sqft ($32 USD) on Class A.

Preferred submarket: Downtown SLC.
Typical fit-out spec: High-end ($155–220/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.

Real estate and infrastructure office space in Salt Lake City

Real estate and infrastructure occupiers in Salt Lake City typically cluster in Downtown SLC, plan ~215 sqft per seat at high-end fit-out">fit-out ($155–220/sqft), and pay around 32 USD/sqft ($32 USD) on Class A.

TL;DR

Preferred submarket: Downtown SLC.
Typical fit-out spec: High-end ($155–220/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

Real estate and infrastructure 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 real estate and infrastructure 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 215 sqft per seat blended (workstation + circulation + amenity). A 100-headcount real estate office in Salt Lake City typically targets 21,500 sqft of leasable area.

Talent angle

Sponsor and asset-management teams favor trophy CBD addresses with proximity to investment-banking and law-firm tenancy. 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	Real estate and infrastructure
naics	531, 237
preferredSubmarket	Downtown SLC
preferredFitoutSpec	High-end
fitoutBand	$155–220/sqft
sqftPerSeat	215
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 real estate and infrastructure 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 real estate and infrastructure occupiers run in Salt Lake City?: Typically high-end at $155–220/sqft.
How much office space per seat should a real estate and infrastructure 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 real estate and infrastructure vertical?: Representative NAICS 2022 codes: 531, 237.
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

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