TOURISM RETAILERS IN JUNEAU RESPOND TO DEMAND FROM THE HIGHEST VISITOR COUNTS IN HISTORY. With the 2023 season expected to top 1.5 million visitors to the Capital City, many retailers have had to beef up...
DESPITE THE FACT THAT THIS YEARS’ TOURISM SEASON MAY TOP 1.5 MILLION PASSENGERS, DOWNTOWN TOURISM RETAIL VACANCY REMAINS SIGNIFICANT. In our quarterly “walk” of South Franklin Street, we note that retail space vacancies in this...
THE NEW YEAR IS ALWAYS AN APPROPRIATE TIME TO REFLECT AND PROJECT WHAT THE REAL ESTATE MARKETS WILL DO IN 2023—THAT IS, IF WE HAVE THE NUMBERS CONFIRMING THE TRENDLINES IN EACH SECTOR OF THE...
Failure of the proposition to build a new Juneau city hall is a perfect opportunity to more fully analyze this project into the future. While the CBJ spent a considerable time looking at site options,...
WHILE INTEREST RATES CLIMB NATIONWIDE, IN ALASKA, AIDEA REMAINS THE LENDER OF CHOICE FOR INVESTORS OF COMMERCIAL REAL ESTATE. Across the nation, investors watch with trepidation as conventional lenders follow the Fed’s pattern of raising...
MAJOR TOURISM RETAILERS AND SOME OPERATORS ARE NOW PRIVATELY WEIGHING IN ON THE OUTLOOK FOR 2022 SAYING THAT IT’S NOT GOING TO BE THE BOOM SEASON THAT THE MAJOR CRUISELINES PREDICTED. Late last year, industry...
ANNUAL SURVEY OF TOURISM RETAIL VACANCIES SIGNALS CONTINUED WEAKNESS IN DOWNTOWN TOURISM RETAIL. While major tour companies announce record bookings that could see the 2022 season the best to date, we’ve completed our annual survey...
THE LARGEST COMMERCIAL OFFICE SPACE SALE IN THE HISTORY OF JUNEAU IS COMPLETED IN DECEMBER. The acquisition of over 92,000 square feet of office space in two buildings was closed in early December. The buildings,...
THE OUTLOOK FOR THE REGIONAL ECONOMY IN 2016 WAS “FLAT TO DECLINING”…AND NOW?? For years, in-state economists have charted the almost meteoric rise of population and the economic sectors of Anchorage and the Mat-Su valley,...
MILL RATE SEES REDUCTION BY THE ASSEMBLY. The Juneau assembly made the decision recently to reduce the mill rate. Following a rain of public criticism of the CBJ’s decision to raise commercial assessments recently, the...