On average, listings lease in the $30's per square foot per year. The Chapel Hill region is experiencing a an increase in rates. In the last 3 months, the median rate increased $32 per sqft per year.
Compared to the rest of the The Triangle market, the Chapel Hill submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 12 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 225% of the listings in the Chapel Hill are subleases, so you might be able to snag a great spot on a short term. 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 2,990 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 3 floors. Most buildings in this area were built in 2001 and are Class A.