Anchorage, Alaska, is a prime location for retail businesses, with a diverse economy and a population of around 300,000 people. The city's strategic location makes it a key point for global air travel, being within 10 hours by air of 90% of the global north. With a strong presence of major corporations such as Hilcorp, ConocoPhillips, and Alaska Airlines, Anchorage offers a unique blend of urban and natural environments. The city's amenities, including the Alaska Native Heritage Center, Alaska Botanical Garden, and Anchorage Museum, attract tourists and locals alike. With a range of educational institutions, including the University of Alaska Anchorage and Alaska Pacific University, Anchorage provides a skilled workforce for businesses. The city's infrastructure, including the Ted Stevens Anchorage International Airport and the Port of Anchorage, makes it an ideal location for retail businesses looking to establish a presence in the region. We currently have 17 retail spaces for lease in Anchorage, offering a range of options for businesses looking to establish a presence in the city.
When it comes to retail spaces in Anchorage, businesses can expect to find a range of options to suit their needs. With an average annual rent of $32 USD per square foot, and sizes ranging from 345 square feet to 350,000 square feet, there's something for every business. In addition to retail spaces, Anchorage also offers a range of other property types, including restaurants, medical offices, and office spaces. Restaurants can take advantage of the city's thriving food scene, while medical offices can tap into the city's strong healthcare industry. Office spaces, meanwhile, can benefit from the city's diverse economy and skilled workforce. With so many options available, businesses can find the perfect space to suit their needs in Anchorage.
What is the average cost per square foot for retail space in Anchorage?
The average cost per square foot for retail space in Anchorage is $32 USD per square foot, with an average size of 11,685 square feet and a maximum space size of 350,000 square feet available among the 17 listings currently on the market.
How do anchor tenants affect surrounding retail space leases?
Anchorage's retail landscape is significantly influenced by anchor tenants, which can positively impact surrounding retail space leases by increasing foot traffic, attracting a diverse customer base, and enhancing the overall shopping experience, as seen in popular shopping centers like the Dimond Center and 5th Avenue Mall, where anchor tenants like Target and Nordstrom draw in customers and support the success of smaller retailers, with currently 17 available listings of retail space for lease, offering average annual rent of $32 USD per square foot and average size of 11,685 square feet, with a maximum space size of 350,000 square feet.
