--- title: "Energy and commodities office space in Salt Lake City" description: "Where energy and commodities occupiers cluster in Salt Lake City, what they pay, and what the typical fit-out looks like." canonical: https://classa.info/cities/salt-lake-city/industries/energy-commodities pageType: city-industry lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > Energy and commodities occupiers in Salt Lake City typically cluster in Downtown SLC, plan ~240 sqft per seat at trophy 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 ~240 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. # Energy and commodities office space in Salt Lake City **Energy and commodities occupiers in Salt Lake City typically cluster in Downtown SLC, plan ~240 sqft per seat at trophy [fit-out](/topics/fit-out-capex)">fit-out ($220–310/sqft), and pay around 32 USD/sqft ($32 USD) on [Class A](/glossary/class-a).** ## TL;DR - Preferred submarket: Downtown SLC. - Typical fit-out spec: Trophy ($220–310/sqft). - Plan ~240 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 Energy and commodities 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 energy and commodities 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 240 sqft per seat blended (workstation + circulation + amenity). A 100-headcount energy office in Salt Lake City typically targets 24,000 sqft of leasable area. ## Talent angle Trading floors concentrate in CBD trophy product with redundant power and connectivity; engineering teams scale in suburban energy corridors. 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 | Energy and commodities| | naics | 211, 212, 523130| | preferredSubmarket | Downtown SLC| | preferredFitoutSpec | Trophy| | fitoutBand | $220–310/sqft| | sqftPerSeat | 240| | 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 energy and commodities 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 energy and commodities occupiers run in Salt Lake City?**** : Typically trophy at $220–310/sqft. ****How much office space per seat should a energy and commodities occupier plan in Salt Lake City?**** : Plan ~240 sqft per seat blended. A 100-person team typically takes 24,000 sqft. ****What NAICS codes describe the energy and commodities vertical?**** : Representative NAICS 2022 codes: 211, 212, 523130. ****What is the talent index in Salt Lake City?**** : 76/100. Use the city profile for full detail. ## Related - [**Energy and commodities — global overview**](/industries/energy-commodities) - [**Salt Lake City — full city profile**](/cities/salt-lake-city) - [**Financial services in Salt Lake City**](/cities/salt-lake-city/industries/financial-services) - [**Asset management in Salt Lake City**](/cities/salt-lake-city/industries/asset-management) - [**Investment banking in Salt Lake City**](/cities/salt-lake-city/industries/investment-banking) - [**Legal services in Salt Lake City**](/cities/salt-lake-city/industries/legal-services) ## Editorial provenance Reviewed by [**Class A Atlas Editorial Desk**](/about/authors/class-a-atlas-editorial-desk) — House byline · global editorial team. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards). ### Primary sources for this page - [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE - [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL - [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield - [Savills World Research](https://www.savills.com/research_articles/) — Savills - [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers [Full sources index](/about/sources) · [Submit a correction](/about/corrections) ## Related topics - [**Class A Lease Negotiation**](/topics/class-a-lease-negotiation) — How to negotiate a Class A office lease — the playbook from LOI to signed deal. - [**Hybrid Workplace Strategy**](/topics/hybrid-workplace-strategy) — How to size, structure, and lease a Class A office for a hybrid workforce. - [**ESG / LEED for Tenants**](/topics/esg-leed-tenants) — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease. - [**Cross-border Expansion**](/topics/cross-border-expansion) — How to run a coordinated Class A office search across multiple geographies. - [**Fit-out Capex**](/topics/fit-out-capex) — How to budget, sequence, and govern Class A office fit-out capex. - [**Lease vs Flex**](/topics/lease-vs-flex) — When premium flex (coworking, [managed office](/glossary/managed-office)) beats a conventional Class A lease — and vice versa. --- Citation: Source: Class A Atlas (https://classa.info/cities/salt-lake-city/industries/energy-commodities), updated 2026-04-15T00:00:00.000Z.