2022 Office Space Rent & Sales
- $29.76 2022 Avg. Asking Rent
- 26.20% 2022 Office Vacancy Rate
Chapel Hill office price per square foot in 2022 was $29.76 on average. The local office market recorded an average vacancy rate of 26.20% across all asset classes combined.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Chapel Hill Class A & A+ Office Space$28.99
- Chapel Hill Class B Office Space$31.98
- North Carolina Class A & A+ Office Space$31.09
- North Carolina Class B Office Space$25.04
- North Carolina Class C Office Space$22.78
Chapel Hill, NC Office Asking Rents by Class
2022 Office Vacancy Rates in Chapel Hill
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Chapel Hill | $29.76 | 25.24% |
South Durham | $27.55 | 18.88% |
Coworking Spaces in North Carolina
- Atlanta Coworking Space
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- Nashville Coworking Space
- Charlotte Coworking Space
- Philadelphia Coworking Space
- Columbus Coworking Space
- Raleigh Coworking Space
- Tampa Coworking Space
- Cincinnati Coworking Space
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- Fort Lauderdale Coworking Space
- Alexandria Coworking Space
- Memphis Coworking Space
- Durham Coworking Space
- Alpharetta Coworking Space
- Asheville Coworking Space
- Chattanooga Coworking Space
- Richmond Coworking Space
2022 Office Construction in Chapel Hill, NC
- Chapel Hill, NC Total SF under construction in 2023 174,918
Office building | Address | SF | Completed |
---|---|---|---|
136 East Rosemary Street | 136 East Rosemary Street, 27514 | 118,500 | 2023 |
Chatham Professional Park | 10441 US Highway 15 501 North, 27517 | 17,600 | 2022 |
The Gwendolyn | 101 Glen Lennox Drive, 27514 | 109,000 | 2021 |
Polks Village | 111 Knox Way, 27517 | 8,928 | 2014 |
140 W Franklin St | 140 W Franklin St, 27516 | 28,000 | 2012 |
East 54 | 1000 Environ Way, 27517 | 113,000 | 2009 |
101 Cosgrove Ave Ste 110 | 101 Cosgrove Ave Ste 110, 27514 | 32,722 | 2009 |
101 Cosgrove Ave Ste 110 | 101 Cosgrove Ave Ste 110, 27514 | 32,722 | 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 |
Worth noting among recent office completions on the Chapel Hill market is 136 East Rosemary Street, which is currently the largest new office development in the city, at 118,500 square feet.
See reports for other markets
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- Durham Office Rent Price
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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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. 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.