--- title: "Insurance office space in Salt Lake City" description: "Where insurance 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/insurance pageType: city-industry lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > 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. ## 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. # Insurance office space in Salt Lake City **Insurance occupiers in Salt Lake City typically cluster in Silicon Slopes (Provo), plan ~220 sqft per seat at high-end [fit-out](/topics/fit-out-capex)">fit-out ($155–220/sqft), and pay around 32 USD/sqft ($32 USD) on [Class A](/glossary/class-a).** ## 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 | city | Salt Lake City| | industry | Insurance| | naics | 524, 5241| | preferredSubmarket | Silicon Slopes (Provo)| | preferredFitoutSpec | High-end| | fitoutBand | $155–220/sqft| | sqftPerSeat | 220| | 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 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**](/industries/insurance) - [**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/insurance), updated 2026-04-15T00:00:00.000Z.