On average, listings lease in the $30's per square foot per year. The Chapel Hill submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the The Triangle market, the Chapel Hill region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 12 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 192% of the available space 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 3 floors. Most buildings in this market were built in 2001 and are Class A.