Commercial Real Estate Market in Wasilla, AK
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
333 active listings and 1,551 off-market properties in Wasilla, AK. Commercial property asks $377/SF to buy and $25.99/SF/Yr to lease.
Market Trends
Wasilla, AK spans 495.3 square miles in Matanuska-Susitna County, Alaska. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Wasilla, AK runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Wasilla, AK runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Wasilla, 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 Wasilla, 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 61.2%
- Commercial 24.2%
- Industrial 11%
Largest Zones share of zoned land by district
Rural Residential
Commercial
Single Family Residential
Industrial
Public
Wasilla, AK zones 7,930 acres across 7 districts. Commercial zoning covers 24.2% of zoned land, residential 61.2% and industrial 11%. The largest single district is Rural Residential at 47.5%. For commercial buyers the practical constraint is that only 35.2% of land carries a commercial or industrial designation.
Rural Residential (RR)
RR Zoning District Rural Residential 847 Sections: 848 16.20.005 Intent. 849 16.20.010 Permitted uses. 850 16.20.015 Conditional uses. 851 16.20.020 Prohibited uses. 852 16.20.025 Density and dimensional requirements. 853 16.20.030 Parking. 854 16.20.005 Intent. 855 The rural residential district (“RR” district) is established to provide areas for very low d…
Market overview
Demographics & Economy
Wasilla, AK has 69,425 residents in 29,310 households. Density runs 140 people per square mile. Median household income here is $90,072 and median gross rent $1,333 a month.
69,425
Population
29,310
Households
2.4
Avg Household Size
35
Median Age
21%
College-Educated
94%
High-School Grad
495.3 sq mi
ZIP Area
140
Density / Sq Mi
$90,072
Median Household Income
$51,457
Median Earnings
$1,333
Median Rent
$321,592
Median Home Value
Tools
Lease vs Buy Breakeven
At $25.99/SF/Yr lease vs $377/SF buy → buying wins if held > 3.3 years.
At a 6.9% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wasilla?
Commercial property in Wasilla, AK asks an average of $377 per square foot. Multifamily carries the highest asking price at $200/SF.
How much does it cost to lease commercial space in Wasilla?
Asking lease rates in Wasilla, AK average $25.99 per square foot per year.
Is it cheaper to lease or buy commercial space in Wasilla?
Buying beats leasing in Wasilla, AK if the property is held longer than 3.3 years, comparing $25.99/SF/Yr asking rent with $377/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
What zoning applies to commercial property in Wasilla?
Wasilla, AK zones 7,930 acres across 7 districts, of which 24.2% is commercial and 11% industrial. The largest single district is Rural Residential at 47.5% of zoned land. RR Zoning District Rural Residential 847 Sections: 848 16.20.005 Intent. 849 16.20.010 Permitted uses. 850 16.20.015 Conditional uses. 851 16.20.020 Prohibited uses. 852 16.20.025 Density and dimensional requirements. 853 16.20.030 Parking. 854 16.20.005 Intent. 855 The rural residential district (“RR” district) is established to provide areas for very low d… Residential zoning covers 61.2% and open space 0%.
Where does Realmo's Wasilla market data come from?
Realmo compiles Wasilla, AK figures from 256 active sale listings, 77 active lease listings, 1,551 tracked off-market properties, the current Wasilla zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 256 active for-sale and 77 active for-lease listings in Wasilla, 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: 7,930 zoned acres across 7 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
