Alaska offers all types of commercial properties.
- Office Spaces
Office buildings are used by businesses that conduct client-related services distinct from retail sales such as administration, clerical, and consultation.
These structures can have one or more tenants (single-tenant or multi-tenant) and can be built to a tenant’s exact specifications (built-to-suit).
- Class A office buildings feature state-of-the-art systems and high-quality finishes. They are often located in major business areas. Lease rates are higher than the average rates elsewhere due to the premium features and locations of these buildings.
- Class B office buildings are more affordable than Class A ones and are suited for a wider range of business tenants. These buildings offer good standard features and systems.
- Class C office buildings provide basic functional space for small-scale business tenants at affordable lease rates. These buildings are usually located away from major business areas.
- Industrial
Industrial buildings offer functional spaces for industrial operations. These are usually located far from urban areas and along major transport routes.
Typical categories:
- Manufacturing
Suitable for manufacturing businesses that require customized functional and specialized heavy machinery to produce their products and services. Hard to repurpose or renovate for other tenants. - Light Assembly
Similar to manufacturing but does not require heavy customization to the property or the use of heavy specialized machinery. The space is used for assembling products and storage. Easily repurposed for other tenants. - Warehouse / Distribution
Large properties used as storage and regional distribution centers. They are often located near highways and with easy access to large transport vehicles. - Flex Industrial
A type of building that incorporates a mix of industrial and office space.
- Manufacturing
- Retail / Restaurant
This type of property has been designed to house retailers and restaurants. They can be standalone buildings with one tenant like a restaurant, or have multiple tenants like shopping centers.
Depending on the size, type, concept, trade area, and the number of tenants, retail properties can be classified either as: strip centers, community retail centers, power centers, regional malls, or outparcels.
- Multi-Family
This covers all types of residential real estate such as single-family homes, condominiums, townhouses, apartments, and co-ops being leased out as income property.
- Land
Underdeveloped land or vacant investment property are also referred to as:
- Greenfield land. For use as farms and pasture.
- Brownfield land. Formerly used for commercial or industrial purposes and is now available for repurposing or development. Waste and pollution from previous owners come with the property.
- Infill land. Previously developed vacant land located within cities.
- Miscellaneous
This designation is a blanket term for unique or special-use commercial properties that cannot be typified into the examples above.
Classifications:
Most office spaces can be found in cities with major urban centers like Anchorage, Fairbanks, and Juneau.
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