2019 Commercial Property Price Per Square foot in Chatham County NC

As of 2019, here are the ballpark prices per sqaure foot for renting commercial property in the various parts of Chatham County NC:

  • Downtown Siler City $5 – $6/sf
  • Siler City Shopping Centers $10 – $15/sf
  • Pittsboro is averaging $17.50/sf
  • Chatham Park area $28/sf

For comparison, renting commercial or retail space in nearby Cary or Chapel Hill is usually around $30 – $35/sf.

Determining Price Per Square Foot:

To determine the price per square foot of a property, you take the monthly rent, multiply it by 12, then divide that number by the square footage.

For example, if a unit is 1000sf and the monthly rent is $1,500, you would multiply 1500 * 12, then divide that number by 1000. So in this case, 1,500 x 12 = 18,000, and 18,000 divided by 1,000 = 18. So in this case, the price would be $18/sf.

Property Management by Eric Andrews

Eric Andrews manages several of the commercial properties in Chatham County NC. To learn more about this service, contact him today.