Chapel Hill Office Space

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The Lundy Group
I represent tenants and can
help you go see this space.
2160 Environ Way - Unit 2160 (Floor 1) Chapel Hill, NC  
Aug 11
2,800
sqft
Mixed Use Office Retail
201 Sage Rd - 2 Spaces Chapel Hill, NC rental rate negotiable and furniture negotiable
Jun 29
3,000 - 15,220
sqft
Sublease Office

Chapel Hill

Market Report

Number of Listings
Posted in the last 90 days
5
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
3,000

Chapel Hill Rates

The typical asking rate per listing is in the $30's per square foot per year. The Chapel Hill region is experiencing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 20% decrease in rent.

Compared to the rest of the The Triangle market, the Chapel Hill region has higher rates, and you'll need to make a great offer to be in this hot submarket.

Chapel Hill Listing Supply

In the last 90 days, 180 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the available leases in the Chapel Hill are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,730 sqft. Most properties in this area are close to 3 stories. Most buildings in this market were built in 2001 and are Class A.

Chapel Hill Community

Market Data

Real time and historical data on commercial real estate listings in Chapel Hill.
Research