Wrangell, Alaska: A Premier Destination for Commercial Real Estate

Introduction

Wrangell, Alaska, located in the heart of the Tongass National Forest, is a unique and promising location for commercial real estate (CRE) investment. This small yet dynamic city offers a strategic position for industries looking to tap into the rich resources of Southeast Alaska. With a strong focus on fishing, timber, and tourism, Wrangell's diverse economy is poised to attract CRE professionals seeking opportunities in various property sectors.

Economic and Industry Overview

Wrangell's economy is bolstered by its major industries, including:

• Fishing and Seafood Processing: A key driver for industrial and logistics property demand, Wrangell's port facilities support a thriving seafood industry.
• Timber and Forestry: The surrounding Tongass National Forest provides a steady supply of timber, creating opportunities for industrial and manufacturing spaces.
• Tourism: The city's scenic beauty and historical significance attract tourists, increasing demand for retail and hospitality properties.

Regional economic development initiatives, such as the Wrangell Economic Development, aim to enhance these industries, fostering a conducive environment for CRE growth.

Strategic Location and Transportation Infrastructure

Wrangell's strategic position offers significant logistical advantages:

• Port of Wrangell: A deep-water port facilitating maritime commerce and access to Southeast Alaska.
• Wrangell Airport: Provides connections to major Alaskan cities, enhancing business travel and freight movement.
• Road Access: Local roads connect to the Alaska Marine Highway System, linking the city to other coastal markets.

For more information, visit the Alaska Department of Transportation.

Commercial Real Estate Inventory & Zoning

Wrangell's CRE market includes several submarkets and asset classes:

• Industrial Corridors: Ideal for maritime and timber-related industries.
• Retail and Hospitality Districts: Cater to both residents and tourists.
• Office Spaces: Suitable for small businesses and administrative functions.

Recent zoning updates and development incentives are available on the City of Wrangell's official site.

Major Employers and Institutions

Wrangell hosts several key employers and institutions, including:

• Alaska Island Community Services: A significant healthcare provider.
• City and Borough of Wrangell: The local government is a major employer, driving demand for office space.
• Wrangell Public Schools: Contributing to the local economy and community stability.

Explore the Wrangell Chamber of Commerce for more business insights.

Notable Commercial Developments & Projects

Wrangell features several noteworthy projects:

• Waterfront Development: Mixed-use spaces integrating retail, office, and residential components.
• Opportunity Zones: Identified areas offering tax incentives for new investments.

For planning documents, visit the Wrangell Planning Department.

Building Permits, Planning, and Development Tools

For developers, Wrangell provides essential tools and resources:

• Building and Safety Department
• Permitting Portal
• GIS Parcel Map Viewer
• Planning Commission
• Development Code

Market Data & Economic Reports

Wrangell's market data can be accessed via public datasets:

• U.S. Census Bureau
• City's Open Data Portal

Brevitas enhances these insights with AI-powered aggregation, offering comprehensive Brevitas dashboards for the city.

Why Use Brevitas for Wrangell, Alaska CRE?

Brevitas provides cutting-edge CRE solutions, featuring:

• AI-driven discovery and market alerts
• Smart property pages and dealroom collaboration
• Auto-generated listing pages
• Email and landing page tools
• Integration with brokers and developers
• Exclusive listings and premium exposure

Harness the power of Brevitas for your Wrangell commercial real estate needs, ensuring access to the latest market insights and opportunities.