What's a typical lease term in Salt Lake City?

7 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.

How is rent quoted in Salt Lake City?

In USD/sqft/year. We also publish a USD-normalised view ($32/sqft/yr) for cross-market comparison.

Modified-gross structures.

Typical lease length: 7 years.
Typical rent-free: 10 months.
Vacancy: 17.4%; trend flat.
Modified-gross structures.

Salt Lake City office lease norms

Modified-gross structures.

TL;DR

Typical lease length: 7 years.
Typical rent-free: 10 months.
Vacancy: 17.4%; trend flat.
Modified-gross structures.

Structure

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.

Negotiating levers

Free rent and TI remain the most negotiable line items; landlords prefer concessions to face-rent cuts because they preserve headline rent and implied valuation. Always model effective rent (face minus PV of concessions).

Key facts

city	Salt Lake City
country	United States
region	Americas
classARentLocal	32 USD/sqft/yr
classARentUsd	$32/sqft/yr
vacancy	17.4%
typicalLeaseYears	7
typicalRentFreeMonths	10
submarkets	5
primeYieldPct	7%

Frequently asked questions

What's a typical lease term in Salt Lake City?: 7 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.
How is rent quoted in Salt Lake City?: In USD/sqft/year. We also publish a USD-normalised view ($32/sqft/yr) for cross-market comparison.

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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