Most listings are in the $30's per square foot per year. The Downtown Chapel Hill region is going through a an increase in rates. In the last 3 months, the median rate went up $39 per sqft per year.
Compared to the rest of the The Triangle market, the Downtown Chapel Hill submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 32 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available space in the Downtown Chapel Hill are subleases, so you will probably have to focus your search on direct office leases. 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 properties in this region are around 9 floors. Most buildings in this area were built in 2008 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Professional services is the dominant industry in this region. 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.
Real time and historical data on commercial real estate listings in Downtown Chapel Hill.
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