Alaska Commercial Lease Agreement (2025)

The commercial real estate market in Alaska is characterized by moderate activity, with office buildings, retail spaces, and general commercial properties in demand across major cities like Anchorage and Juneau. As of 2025, vacancy rates have stabilized around 8%, reflecting a balanced market. Typical lease terms range from three to ten years, with longer terms often favored in prime locations. There is a growing trend towards flexible spaces and co-working environments, particularly in urban centers. The market is also adjusting to sustainable practices, with an emphasis on energy efficiency and environmentally friendly designs.

• Provide Safe Premises: Landlords must ensure that their properties are safe and comply with local building codes and safety regulations.
• Maintenance and Repairs: Landlords are responsible for maintaining common areas and making necessary repairs to keep the property in good condition.
• Disclosure Requirements: Landlords must provide tenants with all necessary disclosures, such as potential environmental hazards, before lease signing.
• Adherence to Zoning Laws: Property use must align with local zoning regulations, and landlords must inform tenants of any restrictions.
• Insurance: Landlords are required to carry adequate insurance covering property damage and liability.

• Right to Quiet Enjoyment: Tenants are entitled to use the property without interference from the landlord or other parties.
• Right to Safety and Security: Tenants can expect a safe environment, with landlords obligated to repair any hazardous conditions.
• Protection Against Unlawful Eviction: Tenants cannot be evicted without proper legal procedure, ensuring their rights are protected.
• Access to Essential Services: Tenants have the right to essential services like water and electricity, which landlords must maintain.
• Right to Sublease: With landlord approval, tenants can sublease the property, providing flexibility in business operations.

Commercial properties in Alaska must comply with state-specific regulations, including zoning laws that dictate permissible property uses. Business owners are required to obtain the necessary permits for operations, which may include health and safety inspections. Additionally, commercial tenants typically need to secure liability insurance to cover potential risks associated with running a business. Environmental regulations may also apply, particularly for properties with potential contamination issues.

Office buildings, retail spaces, and general commercial properties

State: Alaska

Property Type: Commercial

Document: Commercial Lease