We apply a Kalman filter‐based time‐dependent slip inversion method to model a long‐term Slow Slip Event (SSE) in the southcentral Alaska subduction zone from 2008 to 2013. This event occurred downdip of the asperity that ruptured in the 1964 earthquake, the same part of plate interface that slipped during a previous SSE between 1998 and 2001. Most of the slip deficit that accumulated during the steady period between 2001 and 2008 (8 years total) in the SSE source region was released by this SSE. Our results indicate both lateral and downdip propagation during this event. The SSE started at the end of 2008 at the upper section of the slip patch, and gradually propagated to the east and to the deeper part of the interface. Our results indicate no connection between this SSE in Upper Cook Inlet and another SSE in Lower Cook Inlet that started in 2010. Analysis of the earthquake catalog in the southcentral Alaska subduction zone shows a clear increase in seismicity associated with the 2008–2013 SSE. With the data from a newly available continuous GPS site, we now can better constrain the start time of the 1998–2001 SSE as ∼1998.58. Key Points: The 2008–2013 SSE released most slip deficit accumulated in 2001–2008 steady period The 2008–2013 SSE shows both lateral and downdip propagation during this event Seismicity rate increased from 2009, coinciding with the SSE