Silicon Slopes (Provo) is a prime-tier Class A submarket of Salt Lake City with average asking rent around $36/sqft/yr.
Qualtrics and BYU-anchored tech node. · Tier: prime · Avg rent: $36/sqft/yr
Provo anchors the southern end of Silicon Slopes — Qualtrics Tower, BYU Research Park, and a deep cluster of edtech and SaaS firms.
Tech (Qualtrics), edtech, SaaS, BYU spinouts.
15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common.
FrontRunner (Provo); UVX bus rapid transit.
Multi-modal transit captures the metro's principal professional catchment.
Provo Towne Centre, BYU campus.
Silicon Slopes (Provo) is one of 5 Class A submarkets we cover in Salt Lake City, classified as prime tier with an average asking rent around $36/sqft/yr. Compared with the broader Salt Lake City Class A stock, Silicon Slopes (Provo) typically attracts Tech (Qualtrics), edtech, SaaS, BYU spinouts and competes most directly with the city's other prime submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Silicon Slopes (Provo): Downtown SLC, Silicon Slopes (Lehi), Sugar House, Airport / International Center. The full Salt Lake City submarket atlas is at /cities/salt-lake-city.
For an institutional Class A occupier evaluating Silicon Slopes (Provo), the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Salt Lake City Class A leasing and to the prime tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.