Chapel Hill Office Space

Chapel Hill

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
3,000
As of: August 16, 2017

Chapel Hill Rates

On average, listings lease in the $30's per square foot per year. The Chapel Hill region is going through a an increase in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 25% rise in rent.

Compared to the rest of the The Triangle market, the Chapel Hill region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Chapel Hill Listing Supply

In the last 90 days, 12 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 200% of the office spaces 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 2,990 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this region were built in 2001 and are Class A.

Chapel Hill Community

Market Report

Trends and status of the commercial real estate market in Chapel Hill.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Chapel Hill.
Research