Salt Lake City's newest glass-and-steel status symbol is officially up for grabs. The amenity-packed downtown office tower at 650 Main, located at 650 S. Main, has been listed for sale. The 10-story building, completed in 2022, spans roughly 327,000 square feet and anchors a rapidly transforming stretch of Main Street just south of the traditional central business district. Marketing materials peg the property at about 91 percent leased with a long weighted-average lease term, positioning it as a relatively steady institutional play rather than a turnaround project.
CBRE Takes The Listing While Price Stays Under Wraps
According to Building Salt Lake, CBRE is handling the listing on behalf of the Texas-based ownership group. The Salt Lake County Assessor places the current taxable value at $105,505,400. The actual asking price is being kept confidential in the offering, which pitches 650 Main as a stabilized, amenity-rich asset with room for rent growth.
What The Building Brings To The Table
Leasing materials from CBRE describe 650 Main as a LEED Gold, WiredScore-Platinum Class A tower with roughly 327,000 rentable square feet. Tenant perks are a big part of the pitch: an indoor-outdoor fitness center, active social courtyards, and a dedicated parking structure with about 980 stalls. The current availability schedule shows asking rates around $33.50 per square foot.
Marketing materials also spotlight operable glass walls for flexible indoor-outdoor space, a high-tech conference center designed for larger meetings, and a freestanding retail building on site that adds some street-level energy to the project.
How It Stacks Up Locally
Market data from Colliers shows that, as of the first quarter, countywide office asking rents averaged about $27.29 per square foot on a full-service gross basis. Direct vacancy sat near 17.98 percent, and overall availability, including sublease space, was closer to 21 percent.
Those numbers paint a clear two-tiered market, with newer, amenity-heavy Class A towers like 650 Main generally outperforming older buildings and supporting higher rents than the county average.
National Pricing And Nearby Listings
Citing Yardi Matrix figures, Building Salt Lake reports that the average sales price for office properties nationally climbed to roughly $220.11 per square foot in the first quarter of 2026. That is about a 39 percent gain from the low point recorded in the first quarter of 2024, a rebound that has brought more investor attention back to stabilized office assets.
The same coverage notes that other downtown and near-downtown properties, including the Gateway mixed-use complex, are also on the market as sellers test buyer appetite for trophy-level inventory in and around the urban core.
CBRE is actively marketing 650 Main, with offering materials and contact information available for prospective buyers. For background on the project, Patrinely Group and USAA Real Estate announced the building's completion in 2022 in a press release reported by Utah Business. Any eventual sale is expected to be one of the more closely watched downtown office trades of the year.
