The cost of commercial real estate can vary greatly depending on the location, the type of space, and the current market conditions. In Lindon, Utah, the lease rates for commercial properties can range from $12.00/SF/YR to $25.50/SF/YR1234.
To estimate the monthly rent for a 20,000 square foot building, you would multiply the square footage by the annual lease rate per square foot, and then divide by 12 to get the monthly rate.

For example, if we take an average lease rate of $18.75/SF/YR (the midpoint of the range), the estimated monthly rent would be:
Monthly Rent=12Total Square Footage×Annual Lease Rate per Square Foot​
Monthly Rent=1220,000SF×$18.75SF/YR​=$31,250per month

Please note that this is a rough estimate and the actual cost could be higher or lower. It’s also important to remember that this estimate does not include additional costs such as Common Area Maintenance (CAM) charges, utilities, insurance, and taxes, which can significantly increase the total cost. It’s always a good idea to consult with a local commercial real estate agent or broker to get the most accurate information.