On average, listings lease in the $30's per square foot per year. The Chapel Hill submarket is going through a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 8% 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.
In the last 90 days, 12 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the office spaces 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,250 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this market were built in 2001 and are Class A.