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Ripple Effects from Bay Area Office Markets

TRACY, CA-This gateway city to the Central Valley is slowly netting office tenants as the surrounding, bigger-city markets run out of space

By David Scholz | Updated on August 15, 2000

Office space in the Bay Area is hard to come by, and has been for quite some time. Thirty miles to the east, however, the city of Tracy’s tallest and newest building has been two-thirds vacant for the past eight months.

Just west of Interstate 5 and south of I-205, Tracy has seen its share of sprawling residential growth as a result of the robust Bay Area economy. Industrial development has been bustling as well, as distributors put down roots along the interstates that border the west Joaquin County city.

Office space has not been hot, as brokers say the trend has been for office tenants to locate in Concord or in Stockton if not in the immediate Bay Area. As a result Dan Schack, developer and designer of the aforementioned Tracy Boulevard Office Park has been unable to lease much of the building. That is, until now.

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