A secondary market that trades like a primary one.
One of the Sacramento region’s deepest and most active commercial markets. A significant industrial and logistics base along Highway 99, a regional retail spine along Elk Grove Boulevard, and medical, professional, and investment activity across nearly every product category.
Who to call for commercial real estate in Elk Grove
Matt Bingaman is a Commercial Advisor with eXp Commercial (CA DRE #02139034) who works Elk Grove’s retail, office, industrial and land markets. He represents tenants looking for space, owners selling buildings, and investors and 1031 buyers buying income property.
On Google, Matt is rated 4.9 from 69 reviews (as of October 2026). Read what clients wrote.
Technically secondary, functionally primary
Elk Grove is classified as a secondary submarket, but in practice it operates with the depth and transaction volume of a primary one. What makes it different is the combination most secondary markets never have: industrial depth and retail depth in the same city.
Elk Grove has also added residents faster than almost anywhere in the county, and that rooftop growth pulls retail, grocery-anchored centers, and medical office with it. The question is rarely whether demand exists. It is how to position a site to capture it.
The Highway 99 corridor supports one of the most active logistics and light-manufacturing submarkets in southern Sacramento County, while Elk Grove Boulevard runs as a regional retail spine serving a trade area that extends south toward Galt and east into Rancho Murieta.
What’s moving in Elk Grove
Elk Grove rewards reading the corridor: traffic, rooftops, and competing supply all shift block to block along Highway 99 and Elk Grove Boulevard.
Retail and Pad Sites
Grocery-anchored centers, strip, and pad sites along Elk Grove Boulevard and Highway 99 frontage, drawing on a large, populous, and affluent residential trade area.
Medical Office
Growing demand near the Kaiser and Dignity corridors, supported by the same rooftop growth that fuels retail. Durable, long-term tenancy.
Industrial and Flex
Distribution, flex, and small-bay product tied to southern logistics and contractor demand, with access to Highway 99 and proximity to Sacramento and Stockton.
Land and Development
Entitled and near-entitled land feeding expansion toward Kammerer Road and the SEPA southern growth area, the city’s primary development frontier.
Investment
An unusually liquid secondary market. Multi-tenant retail, medical office, professional office, and small industrial trade consistently, which makes it a genuine option for cap-rate buyers and 1031 exchangers.
Owner-User
Buildings for businesses ready to own along the established corridors, in a market with the product depth to actually find the right fit.
Elk Grove by the numbers
The figures underneath the market, each with its source. For the smaller market next door, see Galt.
- 185,007 residents (Census, July 2025 estimate), up from 176,124 at the 2020 Census.
- $125,924 median household income (Census, 2020 to 2024).
- 2.6% office direct vacancy, Q2 2026, asking about $2.93 per square foot per month full service (Kidder Mathews). More on that: the tightest office market in Sacramento.
- Project Elevate: a 20-acre CenterCal Properties project across from District56 with a boutique hotel of at least 100 rooms and over 100,000 square feet of retail and entertainment. Construction could start as early as summer 2027 (Hoodline, April 2026). More on that: the Project Elevate entertainment district.
Leasing office or retail space in Elk Grove
With office vacancy at 2.6%, tenants in Elk Grove have very few choices. That changes how you search.
- Plan several months ahead of your lease end date. In a market this tight, the right space can take longer to find than you expect.
- Look at space before it hits the public listing sites.
- Negotiate renewal options and improvement dollars early, because moving later will be hard.
Matt can represent you as the tenant on these deals. See tenant representation, or medical office if you need clinical space.
Selling a commercial building in Elk Grove
Tight vacancy and a growing population help sellers. Buyers can see the income will hold.
- Show the rent roll against current market rent.
- Explain what Project Elevate and nearby approvals mean for your block, if anything.
- Reach 1031 buyers, who often need to close on a deadline.
A typical Elk Grove sale looks like this: the owner of a small multi-tenant office or retail building, mostly leased, decides to sell. The rent roll is laid out against current market rent so buyers can see the income will hold, and the building is marketed to local investors and to 1031 buyers working against a 45-day identification deadline. Clean leases and current financials are what keep the price firm through due diligence.
How these assets are priced and marketed: investment sales. For a likely value and buyer profile, call (916) 513-0217.
1031 exchanges in Elk Grove
Elk Grove trades often enough that 1031 buyers can actually find property inside the 45-day identification window. After 2017, only real property held for business or investment qualifies, and you must receive the replacement property within 180 days or by your return due date, whichever is earlier (IRS Form 8824 instructions).
See the Greater Sacramento 1031 guide and is a 1031 exchange worth it.
Your Elk Grove advisor
Guided by Matt Bingaman
Matt advises across Elk Grove’s retail, medical, industrial, land, and investment segments, including the entitled and near-entitled land feeding the Kammerer Road and SEPA growth area.
The investment story is the quiet strength here. Few secondary markets offer this much transaction volume and product depth, which is what makes Elk Grove liquid enough for serious cap-rate and 1031 buyers.
Most secondary markets have industrial depth or retail depth. Elk Grove has both, in the same city.
Recent Commercial Work in Elk Grove
Tenant Representation | Elk Grove | Commercial Lease
Matt Bingaman represented the tenant, alongside his team, on the lease of a large brick commercial building in Elk Grove.
Elk Grove commercial real estate questions
Matt Bingaman, Commercial Advisor with eXp Commercial (CA DRE #02139034), represents tenants, sellers and investors in Elk Grove. Call (916) 513-0217.
Office direct vacancy was 2.6% in Q2 2026, with asking rent about $2.93 per square foot per month full service, according to Kidder Mathews.
A 20-acre mixed-use project by CenterCal Properties across from District56, planned with a boutique hotel of at least 100 rooms and over 100,000 square feet of retail and entertainment. Construction could start as early as summer 2027.
It helps in a tight market. A tenant representative finds space before it is public and negotiates rent and improvements on your side.
Yes, if both properties are real property held for business or investment. Replacement property must be identified within 45 days and received within 180 days or by the tax return due date, whichever is earlier. This is general information, not tax advice.
Show buyers the income against current market rent, and reach 1031 buyers who need to close on a deadline. Matt Bingaman can give you a likely value at (916) 513-0217.
Looking at Elk Grove commercial?
Schedule a free 15-minute consultation. From a Highway 99 industrial building to an Elk Grove Boulevard pad to the southern growth-area land, we will start with the corridor that fits.