xhv8mzw7ge79waga35o97s2wbzpfr6 Qualtrics Doubling the Size of Utah Headquarters

295 W Center St, Suite A

Provo, UT 84601

(801) 758-8970

(Brokered by RE/MAX Equity & partners)

CONTACT US

FIG DISCLAIMER: No investments are guaranteed to result in profits. Net operating income, cap rates, and internal rates of return are subject to fluctuation and may experience a wide range of change, including the potential for operating losses. Factors affecting investment returns include, without limitation, changes in interest rates, tenant vacancies and defaults, property management expenses, repair and maintenance costs, HOA expenses, litigation, insurance rates, and relative strength and weakness in the local and regional economy. Past performance is not a guarantee of future returns. FIG does not provide tax or legal advice, and none of the statements or information on our website or sales materials should be construed as tax or legal advice. All investors are encouraged to seek advice from their own tax and legal professionals. All estimated returns on investments in FIG projects are subject to change and may be significantly different from actual financial performance. FIG is a brand used for the purposes of marketing. FIG is not an actual company but is used to brand the investment strategy used by those marketed on this website. © 2020 FIG & RE/MAX Equity

Qualtrics Doubling the Size of Utah Headquarters


Utah County just recently got a reminder that it's home to tech giants.


One of the biggest names in Experience management, Qualtrics, just announced plans to double the size of their Provo-based, Utah County headquarters. On top of this, across the street from their office is a 40,000 sq-ft facility that they will be turning into what they call "the MIT of daycares" giving (STEM) education throughout their tech-infused curriculum.


These plans include adding 1,000+ new employees after they were acquired by SAP in an $8 Billion cash deal.


"Since then, Qualtrics has been expanding at an extraordinary rate, with announcements of new facilities and operational outposts — along with commensurate staff additions — happening on a seemingly monthly basis."


Their new offices will feature a 355,000 sq-ft project which includes two new parking structures, three-story outdoor terrace, new conf areas, meeting spaces, etc.


Affect on the County


Like many other tech companies in the area (Adobe, Vivint, Workfront...) we're seeing a large migration to Utah. Qualtrics CEO, Ryan Smith said Qualtrics is relocating roughly 200 new employees to Utah each year. Yet another indication of the security of Utah's real estate investment market.



Similar Articles: