Most listings are in the $30's per square foot per year. The Chapel Hill region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the The Triangle market, the Chapel Hill submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 10 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 10% of the office spaces in the Chapel Hill are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,040 sqft. Most properties in this region are around 3 floors. Most buildings in this region were built in 2001 and are Class A.