2024 Office Space Rent & Sales
- $36.75 2024 Avg. Asking Rent
- 18.98% 2024 Office Vacancy Rate
Chapel Hill office price per square foot in 2024 was $36.75 on average. The local office market recorded an average vacancy rate of 18.98% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- North Carolina Class A & A+ Office Space$34.49
- North Carolina Class B Office Space$26.63
- North Carolina Class C Office Space$19.48
Chapel Hill, NC Office Asking Rents by Class
2024 Office Vacancy Rates in Chapel Hill
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Chapel Hill | $37.12 | 18.57% |
| South Durham | $27.35 | 23.53% |
Office Spaces for Rent in North Carolina
- Charlotte Office Space
- Raleigh Office Space
- Durham Office Space
- Cary Office Space
- Winston - Salem Office Space
- Greensboro Office Space
- Chapel Hill Office Space
- Fayetteville Office Space
- Apex Office Space
- Holly Springs Office Space
- Fuquay Varina Office Space
- Wake Forest Office Space
- Carrboro Office Space
- Pittsboro Office Space
Coworking Spaces in North Carolina
- Atlanta Coworking Space
- Miami Coworking Space
- Nashville Coworking Space
- Charlotte Coworking Space
- Philadelphia Coworking Space
- Columbus Coworking Space
- Jacksonville Coworking Space
- Cincinnati Coworking Space
- Tampa Coworking Space
- Raleigh Coworking Space
- Orlando Coworking Space
- Pittsburgh Coworking Space
- Alexandria Coworking Space
- Boca Raton Coworking Space
- Fort Lauderdale Coworking Space
- Durham Coworking Space
- Alpharetta Coworking Space
- Memphis Coworking Space
- Richmond Coworking Space
- Asheville Coworking Space
- Chattanooga Coworking Space
2024 Office Construction in Chapel Hill, NC
| Office building | Address | SF | Completed |
|---|---|---|---|
| The Gwendolyn | 101 Glen Lennox Drive, 27514 | 109,000 | 2021 |
| The Station at East 54 | 1011 South Hamilton Road, 27517 | 47,856 | 2018 |
| 140 W Franklin St | 140 W Franklin St, 27516 | 28,000 | 2012 |
| East 54 | Environ Way, 27517 | 113,000 | 2009 |
| Castalia at Meadowmont | 301 West Barbee Chapel Road, 27517 | 47,970 | 2008 |
| Europa Place | 101 Europa Drive, 27517 | 38,000 | 2008 |
| Palladian Corporate Center - 240 Leigh Farm Road | 240 Leigh Farm Road, 27707 | 100,546 | 2007 |
| UNC Carolina Point II - Bldg 1 | 6011 Farrington Road, 27517 | 21,906 | 2007 |
| UNC Carolina Crossing | 2214 2218 2226 & 2234 Nc Hwy 54, 27517 | 62,567 | 2006 |
| Palladian Corporate Center - 220 Leigh Farm Road | 220 Leigh Farm Road, 27707 | 100,462 | 2005 |
Worth noting among recent office completions on the Chapel Hill market is The Gwendolyn, which is currently the largest new office development in the city, at 109,000 square feet.
See reports for other markets
- Charlotte Office Rent Price
- Raleigh Office Rent Price
- Durham Office Rent Price
- Greensboro Office Rent Price
- Winston-Salem Office Rent Price
- Cary Office Rent Price
- Asheville Office Rent Price
- Chicago Office Rent Price
- Los Angeles Office Rent Price
- Seattle Office Rent Price
- Washington Office Rent Price
- Phoenix Office Rent Price
- San Francisco Office Rent Price
- San Antonio Office Rent Price
- Austin Office Rent Price
- Houston Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Chapel Hill commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.