Anchorage commercial market may show positive signs this year

Anchorage may not experience significant development this year.

The commercial real estate market in Anchorage may experience positive conditions this year, though property managers could witness a slowdown in construction levels.

A panel of local commercial industry members spoke about the city’s prospects at the Annual Commercial Real Estate Forecast Luncheon, and noted that vacancies for the office market will likely remain around 5 percent, according to the Anchorage Daily News. There also may not be a significant level of developments this year, which would be notable, as many projects were spoken about in recent months.

“[I]t looks like none are going forward,” said Per Bjorn-Roli, managing member at Reliant, according to the news source. “This could mean we have no deliveries (opening of new buildings) for the first time since 1999.”

Another panelist explained that retail vacancies declined significantly last year, the news source reported. The total level for 2012 was 4.71 percent, which was slightly lower than the previous year’s figure of 5 percent. The latest reading was also close to half the national retail vacancy rate. There also was a low figure for industrial properties in the city.

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