Aside from the direct affect on the industrial market, Denver’s real estate as a whole increased. Following the retailer adaptation, the average home price increased by $40,000. As of December 2014, there was a surge of revenue for the state of Colorado via the issuance of 833 recreational licenses, of which 322 where for retailers; and 1,416 medical licenses, of which 505 where for medical marijuana dispensaries. The price-per-square-foot for industrial property increased from $3.34 to $4.43 per SF. Recent news says Colorado’s landlords are leasing to cannabis grow operations at nearly $20/per SF. That is more than four times the average rent for an industrial building in the city. Even the Springs felt a bump up, with their industrial property going for $12/per SF. Marijuana businesses are willingly agreeing to the substantially higher rate just to secure a place within state guidelines.
In 2014 the State of Colorado reported making $76 million from marijuana; this includes revenue taxes, licenses and fees from recreational and medical marijuana. Can you imagine the impact this would make on Alaska’s state debt? That is, assuming the same impact was made here. Alaska’s population throughout the state ranges over 760,000. Denver’s metro population alone is 649,000. There is a huge difference in the amount of people who may utilize the marijuana license options available in Alaska vs Denver. But, without a doubt Alaskans voted it in.
We are eagerly waiting the zoning hearing happening next month. Check back for updates on the states marijuana laws’ affects on Alaska’s Real Estate. Have questions? Give us a call at (907) 334-4645, Graham Commercial Real Estate Consultants, Inc.
How New Marijuana Laws Affect Alaska’s Commercial Real Estate Market
Commercial Brokers are anticipating a boom in retail and industrial real estate within the Anchorage bowl with the recent passing for legalization of marijuana. There is quite a buzz as potential shop owners, brokers, and marijuana clubs await the public hearing for zoning later this year.
Colorado faced this dilemma in 2013, when their laws were adapted for allowance of retail establishments to distribute marijuana to marijuana card holders. Colorado limited zoning of these establishment and facilities for growth in industrial areas of Denver. This both created an explosion of activity as well as created a huge limitation.
This is the single largest impact on industrial properties in colorado, with record low industrial vacancy rates of 3.1%.
Industrial zoning in Colorado encompasses more than Alaska’s market. Often in the greater Denver area it includes manufacturing, food distribution companies, warehouses for all stores in the areas, ect. Today the limited industrial zoned real estate and vacant land is going for a pretty penny as all of these entities compete with marijuana retailers.
Anchorage’s current industrial market is at a 98% occupancy level, class A, B, and C are full. Retail real estate is at a 97% occupancy level. If Alaska’s market resembles anything close to what Colorado’s market did after the adaptation of allowance of retail marijuana dealers, our market is going to get really interesting.
If Alaska market resembles is anything close to what happen in Colorado after the pass recreational marijuana things are going to get very interesting.
Aside from the direct affect on the industrial market, Denver’s real estate as a whole increased. Following the retailer adaptation, the average home price increased by $40,000. As of December 2014, there was a surge of revenue for the state of Colorado via the issuance of 833 recreational licenses, of which 322 where for retailers; and 1,416 medical licenses, of which 505 where for medical marijuana dispensaries. The price-per-square-foot for industrial property increased from $3.34 to $4.43 per SF. Recent news says Colorado’s landlords are leasing to cannabis grow operations at nearly $20/per SF. That is more than four times the average rent for an industrial building in the city. Even the Springs felt a bump up, with their industrial property going for $12/per SF. Marijuana businesses are willingly agreeing to the substantially higher rate just to secure a place within state guidelines.
In 2014 the State of Colorado reported making $76 million from marijuana; this includes revenue taxes, licenses and fees from recreational and medical marijuana. Can you imagine the impact this would make on Alaska’s state debt? That is, assuming the same impact was made here. Alaska’s population throughout the state ranges over 760,000. Denver’s metro population alone is 649,000. There is a huge difference in the amount of people who may utilize the marijuana license options available in Alaska vs Denver. But, without a doubt Alaskans voted it in.
We are eagerly waiting the zoning hearing happening next month. Check back for updates on the states marijuana laws’ affects on Alaska’s Real Estate. Have questions? Give us a call at (907) 334-4645, Graham Commercial Real Estate Consultants, Inc.
Sunday, September 27, 2015
How New Marijuana Laws Affect Alaska’s Commercial Real Estate Market
Commercial Brokers are anticipating a boom in retail and industrial real estate within the Anchorage bowl with the recent passing for legalization of marijuana. There is quite a buzz as potential shop owners, brokers, and marijuana clubs await the public hearing for zoning later this year.
Colorado faced this dilemma in 2013, when their laws were adapted for allowance of retail establishments to distribute marijuana to marijuana card holders. Colorado limited zoning of these establishment and facilities for growth in industrial areas of Denver. This both created an explosion of activity as well as created a huge limitation.
This is the single largest impact on industrial properties in colorado, with record low industrial vacancy rates of 3.1%.
Industrial zoning in Colorado encompasses more than Alaska’s market. Often in the greater Denver area it includes manufacturing, food distribution companies, warehouses for all stores in the areas, ect. Today the limited industrial zoned real estate and vacant land is going for a pretty penny as all of these entities compete with marijuana retailers.
Anchorage’s current industrial market is at a 98% occupancy level, class A, B, and C are full. Retail real estate is at a 97% occupancy level. If Alaska’s market resembles anything close to what Colorado’s market did after the adaptation of allowance of retail marijuana dealers, our market is going to get really interesting.
If Alaska market resembles is anything close to what happen in Colorado after the pass recreational marijuana things are going to get very interesting.
Aside from the direct affect on the industrial market, Denver’s real estate as a whole increased. Following the retailer adaptation, the average home price increased by $40,000. As of December 2014, there was a surge of revenue for the state of Colorado via the issuance of 833 recreational licenses, of which 322 where for retailers; and 1,416 medical licenses, of which 505 where for medical marijuana dispensaries. The price-per-square-foot for industrial property increased from $3.34 to $4.43 per SF. Recent news says Colorado’s landlords are leasing to cannabis grow operations at nearly $20/per SF. That is more than four times the average rent for an industrial building in the city. Even the Springs felt a bump up, with their industrial property going for $12/per SF. Marijuana businesses are willingly agreeing to the substantially higher rate just to secure a place within state guidelines.
In 2014 the State of Colorado reported making $76 million from marijuana; this includes revenue taxes, licenses and fees from recreational and medical marijuana. Can you imagine the impact this would make on Alaska’s state debt? That is, assuming the same impact was made here. Alaska’s population throughout the state ranges over 760,000. Denver’s metro population alone is 649,000. There is a huge difference in the amount of people who may utilize the marijuana license options available in Alaska vs Denver. But, without a doubt Alaskans voted it in.
We are eagerly waiting the zoning hearing happening next month. Check back for updates on the states marijuana laws’ affects on Alaska’s Real Estate. Have questions? Give us a call at (907) 334-4645, Graham Commercial Real Estate Consultants, Inc.
How New Marijuana Laws Affect Alaska’s Commercial Real Estate Market
Commercial Brokers are anticipating a boom in retail and industrial real estate within the Anchorage bowl with the recent passing for legalization of marijuana. There is quite a buzz as potential shop owners, brokers, and marijuana clubs await the public hearing for zoning later this year.
Colorado faced this dilemma in 2013, when their laws were adapted for allowance of retail establishments to distribute marijuana to marijuana card holders. Colorado limited zoning of these establishment and facilities for growth in industrial areas of Denver. This both created an explosion of activity as well as created a huge limitation.
This is the single largest impact on industrial properties in colorado, with record low industrial vacancy rates of 3.1%.
Industrial zoning in Colorado encompasses more than Alaska’s market. Often in the greater Denver area it includes manufacturing, food distribution companies, warehouses for all stores in the areas, ect. Today the limited industrial zoned real estate and vacant land is going for a pretty penny as all of these entities compete with marijuana retailers.
Anchorage’s current industrial market is at a 98% occupancy level, class A, B, and C are full. Retail real estate is at a 97% occupancy level. If Alaska’s market resembles anything close to what Colorado’s market did after the adaptation of allowance of retail marijuana dealers, our market is going to get really interesting.
If Alaska market resembles is anything close to what happen in Colorado after the pass recreational marijuana things are going to get very interesting.
Aside from the direct affect on the industrial market, Denver’s real estate as a whole increased. Following the retailer adaptation, the average home price increased by $40,000. As of December 2014, there was a surge of revenue for the state of Colorado via the issuance of 833 recreational licenses, of which 322 where for retailers; and 1,416 medical licenses, of which 505 where for medical marijuana dispensaries. The price-per-square-foot for industrial property increased from $3.34 to $4.43 per SF. Recent news says Colorado’s landlords are leasing to cannabis grow operations at nearly $20/per SF. That is more than four times the average rent for an industrial building in the city. Even the Springs felt a bump up, with their industrial property going for $12/per SF. Marijuana businesses are willingly agreeing to the substantially higher rate just to secure a place within state guidelines.
In 2014 the State of Colorado reported making $76 million from marijuana; this includes revenue taxes, licenses and fees from recreational and medical marijuana. Can you imagine the impact this would make on Alaska’s state debt? That is, assuming the same impact was made here. Alaska’s population throughout the state ranges over 760,000. Denver’s metro population alone is 649,000. There is a huge difference in the amount of people who may utilize the marijuana license options available in Alaska vs Denver. But, without a doubt Alaskans voted it in.
We are eagerly waiting the zoning hearing happening next month. Check back for updates on the states marijuana laws’ affects on Alaska’s Real Estate. Have questions? Give us a call at (907) 334-4645, Graham Commercial Real Estate Consultants, Inc.
Aside from the direct affect on the industrial market, Denver’s real estate as a whole increased. Following the retailer adaptation, the average home price increased by $40,000. As of December 2014, there was a surge of revenue for the state of Colorado via the issuance of 833 recreational licenses, of which 322 where for retailers; and 1,416 medical licenses, of which 505 where for medical marijuana dispensaries. The price-per-square-foot for industrial property increased from $3.34 to $4.43 per SF. Recent news says Colorado’s landlords are leasing to cannabis grow operations at nearly $20/per SF. That is more than four times the average rent for an industrial building in the city. Even the Springs felt a bump up, with their industrial property going for $12/per SF. Marijuana businesses are willingly agreeing to the substantially higher rate just to secure a place within state guidelines.
In 2014 the State of Colorado reported making $76 million from marijuana; this includes revenue taxes, licenses and fees from recreational and medical marijuana. Can you imagine the impact this would make on Alaska’s state debt? That is, assuming the same impact was made here. Alaska’s population throughout the state ranges over 760,000. Denver’s metro population alone is 649,000. There is a huge difference in the amount of people who may utilize the marijuana license options available in Alaska vs Denver. But, without a doubt Alaskans voted it in.
We are eagerly waiting the zoning hearing happening next month. Check back for updates on the states marijuana laws’ affects on Alaska’s Real Estate. Have questions? Give us a call at (907) 334-4645, Graham Commercial Real Estate Consultants, Inc.
How New Marijuana Laws Affect Alaska’s Commercial Real Estate Market
Commercial Brokers are anticipating a boom in retail and industrial real estate within the Anchorage bowl with the recent passing for legalization of marijuana. There is quite a buzz as potential shop owners, brokers, and marijuana clubs await the public hearing for zoning later this year.
Colorado faced this dilemma in 2013, when their laws were adapted for allowance of retail establishments to distribute marijuana to marijuana card holders. Colorado limited zoning of these establishment and facilities for growth in industrial areas of Denver. This both created an explosion of activity as well as created a huge limitation.
This is the single largest impact on industrial properties in colorado, with record low industrial vacancy rates of 3.1%.
Industrial zoning in Colorado encompasses more than Alaska’s market. Often in the greater Denver area it includes manufacturing, food distribution companies, warehouses for all stores in the areas, ect. Today the limited industrial zoned real estate and vacant land is going for a pretty penny as all of these entities compete with marijuana retailers.
Anchorage’s current industrial market is at a 98% occupancy level, class A, B, and C are full. Retail real estate is at a 97% occupancy level. If Alaska’s market resembles anything close to what Colorado’s market did after the adaptation of allowance of retail marijuana dealers, our market is going to get really interesting.
If Alaska market resembles is anything close to what happen in Colorado after the pass recreational marijuana things are going to get very interesting.
Aside from the direct affect on the industrial market, Denver’s real estate as a whole increased. Following the retailer adaptation, the average home price increased by $40,000. As of December 2014, there was a surge of revenue for the state of Colorado via the issuance of 833 recreational licenses, of which 322 where for retailers; and 1,416 medical licenses, of which 505 where for medical marijuana dispensaries. The price-per-square-foot for industrial property increased from $3.34 to $4.43 per SF. Recent news says Colorado’s landlords are leasing to cannabis grow operations at nearly $20/per SF. That is more than four times the average rent for an industrial building in the city. Even the Springs felt a bump up, with their industrial property going for $12/per SF. Marijuana businesses are willingly agreeing to the substantially higher rate just to secure a place within state guidelines.
In 2014 the State of Colorado reported making $76 million from marijuana; this includes revenue taxes, licenses and fees from recreational and medical marijuana. Can you imagine the impact this would make on Alaska’s state debt? That is, assuming the same impact was made here. Alaska’s population throughout the state ranges over 760,000. Denver’s metro population alone is 649,000. There is a huge difference in the amount of people who may utilize the marijuana license options available in Alaska vs Denver. But, without a doubt Alaskans voted it in.
We are eagerly waiting the zoning hearing happening next month. Check back for updates on the states marijuana laws’ affects on Alaska’s Real Estate. Have questions? Give us a call at (907) 334-4645, Graham Commercial Real Estate Consultants, Inc.
Thursday, September 24, 2015
Top Anchorage Commercial Real Estate Firm Closes Huge Warehouse Deal
After 4.7 years of being listed by 3 different firms, the property nestled along 1121 E 70th Avenue was placed under contract by Graham Commercial Real Estate in just 49 days. This deal serves as one testament of the commercial real estate firm’s supreme marketing capability, which makes it one of Anchorage’s finest and most trusted brokerage. With a lot size of 26,400sq. ft., the said warehouse property has an area adequate enough to accommodate both a 5,900sq. ft. building and ample space for on-site parking. The building itself features 3-phase electric power, private bathrooms outfitted with floor drains, and four overhead doors. The firm managed to close it at $875,000.
http://bit.ly/1Jmw6ca
Tuesday, September 22, 2015
Commercial Real Estate Experts Sells $1.8-Worth of Lease Investment
Graham Commercial Real Estate, a leader in real estate brokerage and consultancy in Anchorage, is proud to share that it has successfully sold $1,875,000 worth of mixed use property along Evergreen St., Palmer recently. The client was a health specialist purchasing a commercial real estate in the municipality for the first time. The agency was also chosen as the property manager for the said asset. A hundred percent leased, this 140 ft. by 169 ft. investment property houses some of the most thriving businesses in town, specifically, Great Clips, Nail Gallery, Great Alaska Pizza, Valley Neighborhood Dental, and Select Physical Therapy. The property boasts of great visibility and convenience, and is just one of the several properties that Graham Commercial Real Estate manages.
http://bit.ly/1j5ldqj
Sunday, September 20, 2015
Property Management: Handling Lease, Tenant, and Operating Support
Owners of vacant commercial properties often have little time to take care of the nitty-gritty of entertaining potential tenants. The ideal, of course, is to generate some income by leasing every available space. In a place like Anchorage, Alaska, all it may take is savvy negotiation and affordable terms to help fill the spots as much as possible. The Anchorage Economic Development Corporation reported upswings in job generation, with over 3,000 positions filled as of June 2015 in both private and public entities. Officials also look forward to Medicaid expansion in Alaska as an opening for more healthcare providers in a thriving place like Anchorage. When you need help in entertaining applications from potential tenants to fill vacancies in your commercial outlets, it’s a smarter move to get property management firms, such as Graham Commercial Real Estate, to handle both tenant and owner representation for you.
http://bit.ly/1Yt3MjJ
Thursday, September 10, 2015
When Should A Landlord Hire An Anchorage Property Management Company?
In the very busy world of commercial real estate in Anchorage, many landlords tend to manage properties on their own, or sometimes, hire a resident manager to oversee their affairs. However, there are landlords who prefer the help of property management professionals to handle every aspect of managing a commercial property. Hiring a property management company in Anchorage can prove to be a huge asset, especially if you, as the landlord, do not have the professional experience to market your rental property. Property management companies deal directly with prospects and tenants in terms of rent collection, handling occupants’ complaints, repair and maintenance issues, and serving notice of eviction to erring tenants or residents.
http://bit.ly/1icCXQl
Wednesday, September 9, 2015
Commercial Real Estate Consultant Recently Sold a $2 Million Property
A commercial real estate consultant just sold a $2 million property at Palmer, AK. Chad Graham, owner and CEO of Graham Commercial Real Estate Consultants Inc., used his expertise on commercial properties to close the deal. Chad Graham has years of experience working on the commercial property sector. While his consultant company is based on Anchorage, AK, he has worked on real estate across many areas in Alaska. He has developed an eye for valuable properties, which allowed him to easily recognize the favorable characteristics of this particular property.
http://bit.ly/1K79Tj1
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