On average, listings lease in the $30's per square foot per year. The Chapel Hill submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the The Triangle market, the Chapel Hill region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 14 listings have been listed, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 7% of the available leases in the Chapel Hill are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,400 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this market were built in 2001 and are Class A.