The typical asking rate per listing is in the $30's per square foot per year. The Chapel Hill region is seeing a a rise in rates. In the last 3 months, the median rate went up $32 per sqft per year.
Compared to the rest of the The Triangle market, the Chapel Hill submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 12 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 258% of the available leases 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 2,910 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 3 stories. Most buildings in this market were built in 2001 and are Class A.