Highlights
- The average rent for office space in Chapel Hill is $32.68 per square foot, 11.07% lower compared to the previous year.
- The market’s vacancy rate stands at 19.88%, higher than the state average of North Carolina, which is 18.06%.
2025 Office Space Rent & Sales
- $32.68 2025 Avg. Asking Rent
- -11.07% Y-o-Y Avg. Asking Rent Change
- 19.88% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Chapel Hill?
Average asking rents for office space here stand at $32.68 per square foot. The local office market recorded an average vacancy rate of 19.88% in 2025, unchanged from 19.88% in 2024.
Chapel Hill, NC Office Asking Rents by Class
What is the average office rent per square foot by property class in NC?
- Avg. Asking Rent Class A & A+$34.61
- Avg. Asking Rent Class B$27.56
- Avg. Asking Rent Class C$18.16
For comparison, the average rent for Class A and A+ office space in North Carolina was $34.61 per square foot. The state-wide average for Class B space was $27.56 per square foot, and Class C office spaces averaged $18.16 per square foot.
Chapel Hill, NC Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Chapel Hill | $32.68 | 18.47% |
| South Durham | $29.65 | 23.10% |
Office Construction in Chapel Hill, NC
What are the largest recent office completions in Chapel Hill?
The largest recent office completion here is Carolina Square at 208,000 square feet, completed in 2017. The next largest completions are East 54 and The Gwendolyn.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Polks Village Center | 149 Knox Way, 27516 | 9,000 | 2026 |
| The Gwendolyn | 101 Glen Lennox Drive, 27517 | 109,000 | 2021 |
| The Station at East 54 | 1011 S Hamilton Rd, 27517 | 47,856 | 2018 |
| Carolina Square | 123 West Franklin Street, 27516 | 208,000 | 2017 |
| East 54 | Environ Way, 27517 | 113,000 | 2009 |
| Palladian Corporate Center - 240 Leigh Farm Road | 240 Leigh Farm Road, 27707 | 100,546 | 2007 |
| Palladian Corporate Center - 220 Leigh Farm Road | 220 Leigh Farm Road, 27707 | 100,462 | 2005 |
| Valley View Business Center | 1229 East Franklin St, 27514 | 5,200 | 2005 |
| 5915 Farrington Rd | #200 | 5915 Farrington Rd | #200, 27517 | 5,622 | 2004 |
| Eastridge Office Center | 201 Sage Road, 27514 | 45,000 | 2003 |
See reports for other markets
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- Raleigh Office Rent Price
- Durham Office Rent Price
- Greensboro Office Rent Price
- Winston-Salem Office Rent Price
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- Chicago Office Rent Price
Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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 Yardi Research Data can guarantee that the information provided is complete.