A Guide to Office Space in Salt Lake City

Posted on: 19th June 2024

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As the capital and most populous city in Utah, Salt Lake City is more than just scenic mountains and skiing getaways. It’s also a hotspot for businesses of all sizes.

Business incentives like tax credits and a strong economy have already drawn major players like Adobe and Oracle to the area.

Its status as an up-and-coming tech hub, strategic location, and rich talent pool make Salt Lake City, or ‘SLC’, a smart choice for growing businesses, too.

The good news for businesses considering a move is that there’s plenty of high-quality office space for rent in SLC. The workspaces on offer cater to a wide range of business needs, whichever industry you’re in.

This article explores the advantages of choosing the ‘Crossroads of the West’ as your base. We also highlight some of the best shared and private office spaces for rent in Salt Lake City.

Geography of Salt Lake City

Located in northern Utah, Salt Lake City is roughly 90 miles from the Idaho border and 120 miles from Nevada.

Nestled in a vast valley, SLC is framed by the Great Salt Lake to the northwest, the Wasatch Range to the east, and the Oquirrh Mountains to the west.

This location is excellent for reaching major markets in the west, like California and Arizona. Getting to national and international spots is simple, thanks to highways I-15 and I-80 and the Salt Lake City International Airport.

Being close to ski resorts and national parks also adds to the charm. Salt Lake City’s geography makes it a prime spot for both work and play.

Key business areas in Salt Lake City

From the bustling streets of Downtown to the tech-savvy corridors of Lehi, here’s an overview of the most popular business districts in Salt Lake City:

  • Downtown: This is the financial and corporate hub of SLC. It has over 12 million square feet of office space and a vibrant mix of bars and restaurants. The area is accessible, with free public transport within the Free Fare Zone, bike-sharing options, and ample parking. This makes it an attractive spot for businesses who want to be right in the action.
  • Central City: A mix of residential and commercial, Central City is ideal for companies looking for a central location and urban atmosphere. It’s well-connected in terms of transportation, too. There’s even a bike-friendly corridor between Downtown and Sugar House.
  • Sugar House: Known for its trendy vibe, Sugar House appeals to businesses looking for a lively district with a blend of modern and historic office space. It has excellent connectivity via major roads like the I-80 and public transit, alongside a great selection of dining options.
  • Lehi: Just a 30-minute drive from the heart of Salt Lake City, Lehi is a burgeoning tech hub known as “Silicon Slopes.” With its rapid growth and the arrival of major tech companies, it’s carving out a name for itself as a center for technology and innovation.

Five businesses based in Salt Lake City

The Utah capital is the base for several influential businesses with national and international reach. Here’s a snapshot of some of the most prominent companies in Salt Lake City:

  • Zions Bancorporation: Founded in 1873, this national bank has deep roots in the city’s financial sector, providing a wide range of banking services.
  • EnergySolutions: An international leader in nuclear services, EnergySolutions specializes in the processing and disposal of radioactive material.
  • Intermountain Healthcare: As the largest healthcare provider in the Intermountain West, this non-profit healthcare system offers comprehensive healthcare services to the region.
  • O.C. Tanner: This company specializes in employee recognition software and service awards, helping businesses appreciate and motivate their workforce.
  • Big-D Construction Corporation: With over 50 years in the industry, Big-D Construction has built a reputation for excellence in local and national construction projects.

6 reasons why you should rent office space in Salt Lake City, UT

From its geography to its talent pool, Salt Lake City’s features make it an attractive place for businesses to call home.

Here are six reasons why renting office space in Salt Lake City could be a smart move for your business.

1. Strategic location

Utah is at the center of the Mountain West, sharing borders with Colorado, Wyoming, Idaho, Arizona, and Nevada.

This central location makes it especially easy for businesses to connect with other major cities in the region. For instance, San Francisco is just a 10-hour drive or a short flight away from SLC.

There was an expansion of Salt Lake City International Airport in 2020, which made international travel even easier. Commuting within the city itself is also easy. Public transit includes a light rail system, buses, and a regular train from Ogden to Provo.

All in all, Salt Lake City is a practical base for businesses traveling locally, nationally, and internationally.

2. Strong economic growth

Another reason why Salt Lake City is so popular among businesses is that its economy is growing fast.

One study showed that from March to May 2023, downtown activity in Salt Lake City was 39% higher than in the same months in 2019. This was the strongest post-pandemic recovery seen in any US city.

Even though growth has slowed a little since then, the economy is still doing well. Experts believe the success of Salt Lake City’s economy comes from its variety.

While nearby states focus mainly on one or two industries (like gaming and mining in Nevada or energy in Wyoming), Utah is strong in many areas. These include tech, tourism, health, and education.

3. Business-friendly policies

In Salt Lake City, you will receive all the support you need to kickstart a new venture or grow an existing one.

Utah’s government has rolled out several tax credits and incentives to make this happen. For example:

  • The Industrial Assistance Fund (IAF): If your company creates high-paying jobs in the state, you might qualify for this grant.
  • The Alternative Energy Development Incentive (AEDI): Qualifying projects can get back 75% of the new taxes they pay to the state for 20 years.

The Salt Lake City Department of Economic Development also offers various initiatives to help businesses grow. These include grants and community development programs.

This blend of incentives and support systems makes Salt Lake City a smart pick for businesses looking to grow.

4. Educational infrastructure

Salt Lake City is home to one of the youngest populations in the country, with a median age of 30.7 years.

This population is also highly educated. According to census data, 50.2% hold a bachelor’s degree or higher.

This high level of education is no surprise, as Salt Lake City boasts 10 colleges and universities. These include Brigham Young University, The University of Utah, and Utah State University.

These schools contribute to the city’s youthful energy and ensure a steady stream of graduates ready to join the workforce. This makes Salt Lake City a magnet for businesses seeking top talent.

5. Technology hub

Salt Lake City is quickly carving out its niche as a leading technology hub among corporations and startups alike.

In 2022, there were approximately 67,500 tech jobs in Salt Lake City, a 12% increase from 2019. This number is projected to keep growing.

Utah also has the second-highest number of unicorns, after California, when you look at the size of its economy. These are startups worth over $1 billion that started between 1991 and 2021.

In the south of the city, “Silicon Slopes” is buzzing with information technology and software development firms. Companies like Qualtrics, Domo, Ancestry.com, Chatbooks, and Adobe have all set up shop here.

This growth and popularity have cemented Salt Lake City’s status as a fertile ground for tech ventures.

6. Salt Lake City culture

Salt Lake City’s mix of city life and outdoor adventures makes it an attractive spot for individuals and businesses.

Consistently ranking as one of the top 100 places to live in the US, SLC is perfect for professionals, families, and nature enthusiasts. The city is close to five national parks and several ski resorts, offering plenty of activities outside work.

This vibrant culture helps businesses, too. It draws a talented workforce looking for a good work-life balance. After all, happy employees tend to be more productive and loyal.

Plus, more reasonable living costs mean businesses can get more for their money, making Salt Lake City an ideal place for companies to grow.

How much are Salt Lake City office space rentals?

For companies looking for office space, Salt Lake City presents a cost-effective option compared to other major US cities.

In Salt Lake City, the average cost of commercial real estate is around $30.45 per square foot.

When you compare this to other popular cities, the savings are clear. In Los Angeles, office space averages $44.64 per square foot. In Seattle, it’s $51.14, and in San Francisco, the cost jumps to $78.62 per square foot.

By choosing Salt Lake City as a headquarters, your business can grow without the high overheads found elsewhere.

Office space for rent in Salt Lake City

Office spaces in Salt Lake City cater to a broad spectrum of business needs. From coworking spaces to impressive conference rooms, you’ll find something to suit your business.

Here are a few of the best office spaces that are available.

222 Main Street

For businesses renting shared or private office space in Salt Lake City, 222 Main Street is a prime choice. Right in the heart of the city’s bustling business district, this high-rise landmark is an ideal spot for firms eager to expand their network.

Its proximity to key financial, legal, and administrative offices makes it especially suited for those in banking and law.

The building’s striking lobby is sure to impress clients, while its bright and clean design will energize employees. An onsite lunch restaurant offers convenience for midday breaks.

With the I-15 a few blocks away and the airport a mere 10-minute drive, it’s perfect for companies who travel frequently for work.

The surrounding area also has plenty of dining and entertainment options. It’s the ideal spot for entertaining clients or unwinding after work hours.

Highlights include:

  • Break-out areas
  • Meeting rooms
  • Onsite sandwich/coffee bar

Information about 222 Main Street:

  • Location: 222 S. Main Street, Salt Lake City, UT, 84101
  • Starting cost: Private offices from $349 per person per month
  • Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members
  • Nearest transport links: Gallivan Plaza Light Rail Station (a two-minute walk away), West Temple @ 305 S Bus Stop (a six-minute walk away), City Center Light Rail Station (a seven-minute walk away)

Clift Building

If you want to rent an office in Salt Lake City’s Downtown area, consider Clift Building.

This space has high ceilings, lots of natural light, and super-fast Wi-Fi, making it a comfortable and efficient place to work.

You’ll also find a mix of facilities to suit your work needs. From phone booths for private calls to spacious meeting rooms for brainstorming sessions, this space is versatile.

What sets it apart is the rooftop terrace. This space is ideal for casual catch-up sessions or just enjoying the view.

With its great light rail and bus links, Clift Building is also ideally positioned for employees commuting from all over the city.

The restaurants and bars in the surrounding area make it easy to find a memorable spot for client dinners or team nights out.

Highlights include:

  • Break-out areas
  • Major transport connections
  • Meeting rooms

Information about Clift Building:

  • Location: 10 W Broadway, Salt Lake City, UT, 84101
  • Starting cost: Private offices from $235 per person per month
  • Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members
  • Nearest transport links: Gallivan Plaza Light Rail Station (a one-minute walk away), West Temple @ 305 S Bus Stop (a three-minute walk away), State St/300 S (NB) Bus Stop (a six-minute walk away)

Cottonwood Corporate Center

If you’re searching for Salt Lake City serviced offices in a business park, look no further than Cottonwood Corporate Center.

Situated above the Salt Lake Valley, this TOBY award-winning building offers a wide range of top facilities. These include an onsite coffee bar and business lounge. There’s also a terrace you can use for breaks or casual meetings.

Just 20 minutes from downtown and the airport, this location is easy to get to and from. Plus, being near four ski resorts and plenty of restaurants, there are many ways for your team to maintain a healthy work-life balance.

Highlights include:

  • Business lounge
  • Onsite sandwich/coffee bar
  • Outside seating area/terrace

Information about Cottonwood Corporate Center:

  • Location: 2825 E Cottonwood Pkwy, Cottonwood Heights, UT, 84121
  • Starting cost: Private offices from $365 per person per month
  • Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members
  • Nearest transport links: Cottonwood Corporate Center Bus Stop (a one-minute walk away), Cottonwood Pkwy @ 2916 E Bus Stop (a four-minute walk away), Cottonwood Pkwy @ 2985 E Bus Stop (a five-minute walk away)

Parkview Plaza II

Offering stunning views of the Wasatch Mountains, Parkview Plaza II is an exceptional office space in Salt Lake City.

Its fresh decor, modern meeting rooms, and terrace make it a place where employees will love to work.

Located conveniently with the I-80 nearby, it’s a breeze to get to, and the airport is just a 15-minute drive away. It’s also next to Sugar House Park, the ideal destination for midday breaks or after-work strolls.

With many shops and restaurants around, there’s plenty to do once the workday ends.

Highlights include:

  • Business lounge
  • Meeting rooms
  • Outside seating area/terrace

Information about Parkview Plaza II:

  • Location: 2150 South 1300 East, Salt Lake City, UT, 84106
  • Starting cost: Private offices from $259 per person per month
  • Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members
  • Nearest transport links: 1300 E @ 2188 S Bus Stop (a one-minute walk away), 1300 E @ 2185 S Bus Stop (a three-minute walk away), 2100 S/1300 E (EB) Bus Stop (a three-minute walk away)

6975 Union Park Avenue

Located in Cottonwood Heights, 6975 Union Park Avenue is a modern office space that is both functional and impressive. It is set within the expansive 40-acre Union Park.

Once inside the building, you’ll have stunning views of the Wasatch Mountains, a picturesque backdrop for your workday.

The workspace itself is equipped with a wide range of facilities. These include private offices, coworking spaces, meeting rooms, and a drop-in business lounge.

Accessibility is another key advantage. Thanks to the convenient highway and interstate connections, Downtown SLC is just a 15-minute drive away.

You can also get to the tech hub of Lehi in under half an hour. And with secure underground parking, commuting is easy.

Highlights include:

  • Break-out areas
  • Business lounge
  • Secure underground parking

Information about 6975 Union Park Avenue:

  • Location: 6975 Union Park Avenue, Cottonwood Heights, UT, 84047
  • Starting cost: Private offices from $295 per person per month
  • Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members.
  • Nearest transport links: 1300 E @ 7046 S Bus Stop (a two-minute walk away), 1300 E @ 7075 S Bus Stop (a three-minute walk away), Fort Union Blvd @ 1285 E Bus Stop (a four-minute walk away)

Browse office rentals in Salt Lake City with Regus

Whether you’re looking for big or small office space for rent in Salt Lake City, Regus’ serviced offices will fit the bill.

Our flexible terms mean you can find just the right setup without the hassle or commitment of long leases. Everything is move-in ready, so you can get your team up and running in no time.

Start your search for office rentals in Salt Lake City with Regus today. It’s time to join the ranks of businesses making their mark in this vibrant city.

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