Commercial Real Estate Market in Chapel Hill, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
61 active listings and 952 off-market properties in Chapel Hill, NC. Commercial property asks $282/SF to buy and $21.21/SF/Yr to lease (based on 4 listings).
Market Trends
Chapel Hill, NC spans 159.2 square miles in Orange County, North Carolina. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Chapel Hill, NC has a median asking sale price of $298/SF (based on 4 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Chapel Hill, NC has a median asking sale price of $399/SF (based on 3 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Chapel Hill, NC runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily space in Chapel Hill, NC has a median asking sale price of $271/SF. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Market overview
Demographics & Economy
Chapel Hill, NC has 108,503 residents in 43,176 households. Density runs 682 people per square mile. Median household income here is $105,113 and median gross rent $1,479 a month.
Tools
Nearby Markets
Commercial property in Chapel Hill, NC asks $282/SF. The 2 bordering markets run from $103/SF in Mebane to $245/SF in Durham, and the city sits above their $174/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Chapel Hill?
How much does it cost to lease commercial space in Chapel Hill?
How does Chapel Hill compare to nearby markets on price?
Where does Realmo's Chapel Hill market data come from?
Methodology & data sources
- Asking prices and medians
- There are 35 active for-sale and 26 active for-lease listings in Chapel Hill, NC. The medians are based on 24 of the for-sale and 4 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
