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  • hughjwade

Hugh and Ryan vs. Chat GPT

Question: How much is I1 Commercial Real Estate (per square foot) in Anchorage in 2024?

 "It’s $15/sf – 20/sf for industrial land for sale. $15/sf typically being land that’s not built upon, that has peat and needs site prep. The $20/sf is for land that has good soil and probably has some site improvements done already.

For lease, I would say, triple net (NNN) is about $1.35/sf - $1.40/sf of leasable space per month for lease light industrial buildings. With the caveat and understanding that NNN leases are rare and largely hypothetical, so the lease rates become maybe $1.60 - $1.70 or higher, per sf per month, with the common set-up of the tenant paying their utilities and lot maintenance, and the Landlord pays property taxes and hazard insurance."

"We play in the I1: Light Industrial sandbox every day and this is still a tough question. First, we need to establish what we're talking about. Are you interested in buying or leasing? Land only, or with improvements? Those factors and a ton of other variables are going to contribute to pricing.

In broad terms:

I1 land for sale is going to be anywhere from $12/sf - $22.50/sf (depending on peat, environmental, site improvements, utilities, location, etc).

I1 Shop/Warehouse for lease is going to be $1/sf/mo - 1.80/sf/mo (depending on use, size, and property features).

I1 Property for sale is $115/sf - $345/sf (depending on size, location, vintage, environmental, etc.)

As always... it depends!"

As of my last update in January 2022, I don't have access to real-time data for Anchorage, Alaska, in 2024. Industrial commercial real estate prices can vary widely based on factors such as location, size, condition, zoning, and market demand.

To find the most accurate and up-to-date information on industrial commercial real estate prices per square foot in Anchorage, Alaska, for 2024, I recommend reaching out to local real estate agencies, online real estate platforms, or contacting commercial real estate brokers who specialize in industrial properties in the Anchorage area. They would be able to provide you with current market trends and pricing data.


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