Downtown Chapel Hill Retail

Downtown Chapel Hill

Market Report

Number of Listings
Posted in the last 90 days
2
Median Rate ($/sqft/yr)
$39
Median Size (sqft)
210

Downtown Chapel Hill Rates

Most listings are in the $30's per square foot per year. The Downtown Chapel Hill submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $39 per sqft per year.

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

Downtown Chapel Hill Listing Supply

In the last 90 days, 32 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 6% of the listings in the Downtown 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 210 sqft. Most buildings in this area are around 9 floors. Most buildings in this area were built in 2008 and are Class A.

Downtown Chapel Hill Community

A large portion of this market is residential, but there's plenty of office_space. Professional services is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Downtown Chapel Hill occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

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