2020 Office Space Rent & Sales
- $29.90 2020 Avg. Asking Rent
- -4.01% Y-o-Y Avg. Asking Rent Change
- 6.65% 2020 Office Vacancy Rate
Anchorage office price per square foot in 2020 was $29.90 on average. This marked a -4.01% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 6.65% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Anchorage Class A Office Space$34.44
- Anchorage Class B Office Space$28.76
- Alaska Class A Office Space$34.33
- Alaska Class B Office Space$28.77
Anchorage, AK Office Asking Rents by Class
2020 Office Vacancy Rates in Anchorage
|Submarket||Asking Rents||Vacancy Rates|
|Anchorage - South Addition||$31.97||19.87 %|
|Anchorage - Midtown||$31.49||7.56 %|
|Anchorage - Downtown||$27.83||3.42 %|
|Anchorage - South||$22.30||7.01 %|
2020 Office Construction in Anchorage, AK
- Anchorage, AK Total Sqft completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Anchorage office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
|Blood Bank of Alaska Headquarters||1215 Airport Heights Drive, 99508||62,130||2016|
|Alaska Pacific Medical Center||3976 University Lake Drive, 99508||34,295||2016|
|Kuukpik Building||582 East 36th Avenue, 99503||60,000||2015|
|6591 A Street||6591 A Street, 99518||38,205||2015|
|Fireweed Business Center||725 East Fireweed Lane, 99503||110,125||2014|
|International & C Building||5015 Business Park Blvd, 99503||97,624||2014|
|Anchorage Legislative Information Office Building||716 West 4th Avenue, 99501||64,000||2014|
|NANA Development Corporate Headquarters||909 West 9th Avenue, 99501||55,000||2013|
|501 East 40th Avenue||501 East 40th Avenue, 99503||47,005||2013|
|1100 East Dimond Blvd||1100 East Dimond Blvd, 99515||29,148||2013|
Worth noting among recent office completions on the Anchorage market is Blood Bank of Alaska Headquarters, which is currently the largest new office development in the city, at 62,130 square feet.
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Anchorage commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.