NEW YORK CITY-Alaska might not be on the radar of many in the US commercial real estate industry, but that doesn't mean that there isn't a lot going on in the northwestern state. One sector that is seeing a lot of expansion right now is retail.
"The Anchorage economy and the Alaska economy is doing quite a bit better than most people would expect in the nationwide recession," said Bill Popp, president of the Anchorage Economic Development Corp. He recently spoke with GlobeSt.com's Ian Ritter. National retailers expanding in the market include Target, Kohl's and Petco.
But Popp also says that, like much of the country, there isn't much a pipeline for the development of new office space in the state.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
