200 West Franklin Street — Lease in Chapel Hill, NC

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Chapel Hill, NC 27516

Description

One 3,031 RSF suite remaining on the 2nd floor! Move-in ready condition! Class A creative office located in the heart of downtown Chapel Hill, just minutes from UNC’s campus.

Market Context

This office in Chapel Hill, NC is listed for lease. It has been on the market for 195 days. Compare it against other office listings for lease in Chapel Hill, NC — view the full market.

As of Q1 2026, the Raleigh office market showed a 1.9% vacancy rate, and average asking rents near $5.00/SF/yr. Source: multiple brokerage reports, Q1 2026.

Tight vacancy keeps competition for quality space elevated.

Office market FAQ

Is the Raleigh office market tightening or softening?
Vacancy is around 1.9% (Q1 2026).

Estimated Market Rate

$3.65/SF/mo – $4.93/SF/mo

Mid: $4.29/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

Based on comparable properties in similar markets rather than local sales.

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