Retail Business for Lease in Chapel Hill, NC

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Chapel Hill, NC 27514

Description

Berkshire Chapel Hill is a new mixed-used development adjacent to Whole Foods on Elliott Road, a high-profile location just minutes from the heart of Downtown Chapel Hill and the University of North Carolina.

Market Context

This retail in Chapel Hill, NC is listed for lease. It has been on the market for 148 days. Compare it against other retail listings for lease in Chapel Hill, NC — <a href="/search/lease/retail/north-carolina/chapel-hill">view the full market</a>.

As of Q1 2025, the Raleigh retail market showed a 21.0% vacancy rate, average asking rents near $38.19/SF/yr, rents up 3.1% year over year, and cap rates around 5.9%. Source: Consensus Q1 2025 market report.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

What is the typical cap rate for retail in Raleigh?
About 5.9% as of Q1 2025, per Consensus.
Is the Raleigh retail market tightening or softening?
Vacancy is around 21.0%, with asking rents rising year over year (Q1 2025).

Unified Estimate

Very Low Confidence

$4.80/SF/mo – $6.49/SF/mo

Mid: $5.65/SF/mo

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

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market tucson (similarity: 100%) with 16 comparable listings.

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