Chapel Hill Office Space

Chapel Hill

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
1,410
As of: June 28, 2017

Chapel Hill Rates

Most listings are in the $10's per square foot per year. The Chapel Hill region is seeing a an increase in rates. In the last 3 months, the median rate increased $17 per sqft per year.

Chapel Hill Listing Supply

In the last 90 days, 9 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the listings in the Chapel Hill are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,410 sqft. Most buildings in this region were built in 1969 and are Class C.

Chapel Hill Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst Chapel Hill folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.

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