The typical asking rate per listing is in the $40's per square foot per year. The Chapel Hill submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $10 per sqft per year. That's a 32% increase in rent.
Compared to the rest of the The Triangle market, the Chapel Hill region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 180 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the listings in the 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 2,220 sqft. Most properties in this market are around 3 floors. Most buildings in this area were built in 2001 and are Class A.
Real time and historical data on commercial real estate listings in Chapel Hill.
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