Compared to the rest of the The Triangle market, the Chapel Hill submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 10 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 10% of the available space 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.
The standard measurement for office space in this area is around 1,510 sqft. Most buildings in this area are close to 3 floors. Most buildings in this market were built in 2001 and are Class A.