Anchorage remains an attractive area for development. Business Week magazine recently recognized Anchorage as one of the best cities in the U.S. for riding out the recession, citing the city's strong economy that feeds off the state's rich oil and natural gas supplies, U.S. military presence, and tourism.
And new development in Downtown Anchorage is happening at a pace unlike anything we've seen since the oil boom in the late 1970s that resulted in "Project 80s." The myriad projects underway or soon to be underway in Downtown Anchorage are part of a greater whole – a contemporary northern latitude city with amenities that facilitate a lively, vibrant community through out the entire year. It's known as "Destination Downtown."
Anchorage Community Development Authority (ACDA) can play a part in new developments through financially sound public-private partnerships that link new parking development to private development projects. ACDA supports economic growth for Downtown Anchorage and wants to be a part of creative parking solutions.
And for businesses looking to locate or relocate in Anchorage, Anchorage Economic Development Corporation (AEDC) recently launched a new online mapping tool to attract and expand businesses and jobs in Southcentral Alaska. The website - AnchorageProspector.com - provides access to customized market research and commercial property listings in Anchorage, and gathers economic, planning, infrastructure, geographic and demographic information into a 'one-stop-shop' business portal on the Web.
As real estate professionals recognize, commercial real estate development is thriving in Anchorage. While times are tough in the residential housing market, Anchorage's commercial real estate is thriving. New buildings popping up all over town suggest that Anchorage has lots of available office space. But it doesn't: Anchorage is drastically short of office space.
