Most listings are in the $30's per square foot per year. The Chapel Hill region is going through a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the The Triangle market, the Chapel Hill region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 12 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 192% of the available space in the Chapel Hill are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this region were built in 2001 and are Class A.