Commercial Real Estate Market in Anchorage, AK
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
764 active listings and 8,703 off-market properties in Anchorage, AK. Commercial property asks $221/SF to buy and $29.78/SF/Yr to lease.
Market Trends
Anchorage, AK spans 2,531.6 square miles in Anchorage County, Alaska. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Anchorage, AK runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Anchorage, AK runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Anchorage, AK runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Anchorage, AK asks $188/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Industrial 19.3%
- Civic 9.5%
- Residential 4.7%
- Open space 1.4%
- Commercial 0.7%
- Mixed use 0.3%
- Special 0%
- Agricultural 0%
Largest Zones share of zoned land by district
No Zoning
Watershed
Transition
Public Lands And Institutions
Chugiak Eagle Watershed
Watershed (WS)
The WS district is intended to preserve and protect the potable water reserves available to the municipality in the Chugach range. The major responsibility in the management of watershed areas is the control of factors that may contaminate or pollute the water. Agricultural, residential, commercial, industrial, or other urban land uses are incompatible with…
Market overview
Demographics & Economy
Anchorage, AK has 254,687 residents in 104,139 households. Density runs 101 people per square mile. Median household income here is $98,109 and median gross rent $1,495 a month.
254,687
Population
104,139
Households
2.4
Avg Household Size
35
Median Age
36%
College-Educated
94%
High-School Grad
2531.6 sq mi
ZIP Area
101
Density / Sq Mi
$98,109
Median Household Income
$51,558
Median Earnings
$1,495
Median Rent
$370,582
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Anchorage?
Commercial property in Anchorage, AK asks an average of $221 per square foot. Multifamily carries the highest asking price at $188/SF.
How much does it cost to lease commercial space in Anchorage?
Asking lease rates in Anchorage, AK average $29.78 per square foot per year.
Where does Realmo's Anchorage market data come from?
Realmo compiles Anchorage, AK figures from 363 active sale listings, 401 active lease listings, 8,703 tracked off-market properties, the current Anchorage zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 363 active for-sale and 401 active for-lease listings in Anchorage, AK. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- 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.
- Zoning and land use
- The current municipal zoning release: 1,245,416 zoned acres across 127 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West 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 30 September 2026 · How Realmo checks market page data · Report a data issue
