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 listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 183% of the available space 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 3,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this area were built in 2001 and are Class A.