Commercial Real Estate Market in Palmer, AK
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
67 active listings and 679 off-market properties in Palmer, AK.
Market Trends
Palmer, AK spans 586.2 square miles in Matanuska-Susitna County, Alaska. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Palmer, AK runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Palmer, AK runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Palmer, 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 Palmer, AK asks $200/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
- Residential 29.2%
- Commercial 28.7%
- Industrial 12.5%
- Special 8.6%
- Agricultural 3.3%
- Mixed use 0.5%
Largest Zones share of zoned land by district
Single Family Residential
Public
Commercial General
Fairgrounds
Airport Commercial
Palmer, AK zones 3,236 acres across 15 districts. Commercial zoning covers 28.7% of zoned land, residential 29.2% and industrial 12.5%. The largest single district is Single Family Residential at 23.6%. For commercial buyers the practical constraint is that only 41.2% of land carries a commercial or industrial designation.
Public (P)
BP = Business Park District I = Industrial District P = Public District A = Agriculture District P = Permitted Use C = Conditional Use Blank = Not Permitted 1 Provided such an activity be conducted within a completely enclosed building, except that an outdoor exercise yard may be permitted. (Ord. 24-001 § 19, 2024; Ord. 22-006 § 8, 2022; Ord. 21-004 § 8, 202…
Market overview
Demographics & Economy
Palmer, AK has 28,818 residents in 12,021 households. Density runs 49 people per square mile. Median household income here is $97,069 and median gross rent $1,309 a month.
28,818
Population
12,021
Households
2.4
Avg Household Size
37
Median Age
31%
College-Educated
95%
High-School Grad
586.2 sq mi
ZIP Area
49
Density / Sq Mi
$97,069
Median Household Income
$51,710
Median Earnings
$1,309
Median Rent
$338,400
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Palmer?
Commercial property in Palmer, AK asks an average of $732 per square foot. Multifamily carries the highest asking price at $200/SF.
What zoning applies to commercial property in Palmer?
Palmer, AK zones 3,236 acres across 15 districts, of which 28.7% is commercial and 12.5% industrial. The largest single district is Single Family Residential at 23.6% of zoned land. Residential zoning covers 29.2% and open space 0%.
Where does Realmo's Palmer market data come from?
Realmo compiles Palmer, AK figures from 55 active sale listings, 12 active lease listings, 679 tracked off-market properties, the current Palmer zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 55 active for-sale and 12 active for-lease listings in Palmer, 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: 3,236 zoned acres across 15 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
