Carolina Square - Office Space Availability

For Lease$36.5/Sqft/Year See below for details.

123 West Franklin Street, Chapel Hill, NC 27516

  • Office
  • General Office
  • 10,587 Sqft

Carolina Square, Chapel Hill, NC 27516 - Office Space for rent

Carolina Square is located at 123 West Franklin Street in the Chapel Hill Town Center neighborhood, NC, Chapel Hill, 27516. The Class A Office building was completed in 2017 and features a total of 208,000 Sqft. There are 2 Office spaces available for lease at 123 West Franklin Street, Chapel Hill, NC, 27516, totaling 10,587 Sqft. The largest space available has 8,290 Sqft and a rental rate of $36.5/Sqft/Year.

There are 6 office spaces for lease in the Chapel Hill Town Center neighborhood, totaling 102,526 Sqft of available office space. The office space availability for the 27516 zip code is 10,587 Sqft, in 2 office spaces. The average asking office rent per sq. ft. in Chapel Hill Town Center is $34/sqft/year. For Class A office buildings the average office rate is $36.5/sqft/year, for Class B office buildings the average office rate is $31.5/sqft/year.

In Chapel Hill Town Center, there is 1 class A office building. In Chapel Hill Town Center, there are a total of 1 LEED certified office buildings. In 2017, the same year Carolina Square was built, 7 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Chapel Hill, featuring 208,000 square feet of commercial space. At zip code level, there are 2 commercial properties, of which 2 are office buildings over 50,000 square feet.

Nearby Listings

Nearby Properties

Details

  • Price $36.5/Sqft/Year
  • City Chapel Hill
  • Neighborhood Chapel Hill Town Center
  • Zip Code 27516
  • Market Raleigh Durham
  • Property Type Office - General Office
  • Property Size 208,000 Sqft
  • Lot Size 11.92 Acre
  • Parking Spaces Avail. 520
  • Parking Ratio 2.50/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • LEED Proposed
  • Building Class A
  • Year Built 2017
  • Date Updated 25 Jun, 2020

Availability

Suite Name Space Type Lease Rate Space Available
Partial 5th Floor General Office $36.5/Sqft/Year 2,297 Sqft
  • Suite Partial 5th Floor
  • Space Type General Office
  • Total Space Available 2,297 Sqft
  • Floor From 5 To 5
  • Divisible Space No
  • Min Divisible 2,297 Sqft
  • Max Contiguous 2,297 Sqft
  • Lease Rate $36.5/Sqft/Year
  • Possession Type Immediate
  • Call For Terms Yes
  • Renewal Option Yes
  • Sub Lease No

Exclusive Brokers

Brad Corsmeier Is this you?

CBRE

(919) 831-8236

Lee Clyburn Is this you?

CBRE

(919) 831-8266

Partial 6th Floor General Office $36.5/Sqft/Year 8,290 Sqft
  • Suite Partial 6th Floor
  • Space Type General Office
  • Total Space Available 8,290 Sqft
  • Floor From 6 To 6
  • Divisible Space No
  • Min Divisible 8,290 Sqft
  • Max Contiguous 8,290 Sqft
  • Lease Rate $36.5/Sqft/Year
  • Possession Type Immediate
  • Call For Terms Yes
  • Renewal Option Yes
  • Sub Lease No

Exclusive Brokers

Brad Corsmeier Is this you?

CBRE

(919) 831-8236

Lee Clyburn Is this you?

CBRE

(919) 831-8266

FREQUENTLY ASKED QUESTIONS

How many office spaces are available at Carolina Square?

There are currently 2 office spaces in this building.

What is the largest space available at Carolina Square?

Currently, the largest rentable space at Carolina Square totals 8,290 square feet.

What is the lease rate of the largest space available?

The monthly lease rate for the largest space available at Carolina Square is $36.5/Sqft/Year per square foot.

What is the total square footage of Carolina Square?

Carolina Square totals 208,000 square feet.

When was this property built?

Carolina Square was built in 2017.

Chapel Hill Town Center Demographics

The average household income in zip code 27516 is $125,797, from a total of 15,194 households. In terms of employment, there are 91.76 % white-collar and 8.24 % blue-collar jobs in zip code 27516.

Population

  • Total Population97
  • Male Population(47.4 %) 46
  • Female Population(52.6 %) 51
  • Median Age30.00

Income/Financial

  • Average Household Income$124,572
  • Median Household Income$78,232
  • Median Income Under 25$19,289
  • Median Income 25-44$75,106
  • Median Income 45-64$125,152
  • Median Income Over 65$83,792

Leasing Contacts Register now to add listings

Brad Corsmeier Is this you?

CBRE

(919) 831-8236

Lee Clyburn Is this you?

CBRE

(919) 831-8266