Commercial Real Estate Broker in Tracy, CA
Tracy sits where the Bay Area meets the Central Valley, and its industrial market has tightened fast. We help investors and businesses buy, lease and finance property in Tracy, Mountain House, Lathrop and Manteca.
What is happening in Tracy commercial real estate?
Tracy industrial vacancy fell to 7.7% in Q3 2026 from 11.0% a year earlier, with about 1.0 million square feet of positive net absorption in the quarter. Its $0.75 per square foot asking rent is the highest in San Joaquin County.
Salimi Investments (Fremont, CA · CA DRE #01480904 · NMLS #300923), led by broker Bilal Salimi, represents investors, owner-users and tenants in Tracy and the surrounding Central Valley, with financing through its affiliated lender SI MTG.
Tracy commercial market by the numbers
| Metric | Latest |
|---|---|
| Tracy industrial vacancy | 7.7% (from 11.0% a year earlier) |
| Tracy industrial asking rent | $0.75 per sf/month NNN |
| Tracy net absorption, Q3 2026 | ~1.0 million sf |
| Central Valley industrial vacancy | 7.5% (down 210 bps year over year) |
| Lathrop and Manteca asking rent | $0.73 per sf/month |
| Tracy transfer tax | $1.10 per $1,000 (base county + city rate) |
Sources: Cushman & Wakefield Central Valley Industrial MarketBeat, Q3 2026; California City Finance transfer tax table (effective Dec 1, 2025). Figures are third-party estimates and vary by source, submarket and property type. See our full Northern California market report.
One advisor for the sale, the lease and the loan
Sell or lease your property
Free, confidential broker opinion of value and an honest sell vs. lease vs. hold recommendation. Quiet, off-market sales to our active buyers when that serves you better.
Buy or invest
Retail, NNN, warehouse, auto-use, gas stations and multifamily — underwritten on real income, cap rate and DSCR before you make an offer. Submit your criteria.
Finance it
Commercial, SBA and bridge loans through our affiliated lender SI MTG (NMLS #300923), structured alongside the purchase, plus 1031 exchange guidance.
What to know about Tracy commercial property
- Industrial demand is strong. Tracy absorbed about a million square feet in a single quarter and vacancy dropped more than three points in a year. Landlords have firmer pricing; tenants should plan ahead.
- Lower cost than the Bay Area. Industrial rents in Tracy are a fraction of Fremont’s $1.71, which is why distribution and larger-footprint users keep moving east.
- Retail follows rooftops. Growth in Tracy and Mountain House supports neighborhood retail, service and auto-related property — worth a look for investors seeking higher yield than the inner Bay Area.
- Low transfer tax. Tracy uses the base $1.10 per $1,000 rate, with no extra city transfer tax.
Own or want commercial property in Tracy?
Tell us about it. Bilal reviews every request personally and responds within 48 hours.
Tracy commercial real estate FAQ
What is the industrial vacancy rate in Tracy, CA?
About 7.7% in Q3 2026, down from 11.0% a year earlier, according to Cushman & Wakefield.
How much does industrial space rent for in Tracy?
Average asking rent was about $0.75 per square foot per month NNN in Q3 2026, the highest in San Joaquin County.
What is the transfer tax on commercial property in Tracy?
The base California rate of $1.10 per $1,000 of value. Tracy has no additional city transfer tax.
Do you cover Mountain House, Lathrop and Manteca?
Yes. We work across Tracy, Mountain House, Lathrop, Manteca and the wider Central Valley from our Fremont office.
Who is a commercial real estate broker for Tracy?
Salimi Investments, led by broker Bilal Salimi (CA DRE #01480904). Call (510) 786-8739.
Salimi Investments · 44840 S. Grimmer Blvd, Fremont, CA 94538 · (510) 786-8739 · CA DRE #01480904 · NMLS #300923. Information is general and not tax or legal advice.