Description:
The City of
Fremont continues to be a good alternative for local companies. Its proximity to the East Bay, South Bay, and Peninsula continue to drive its success as a well located city with an abundance of jobs. It offers a diverse mix of
retail space,
industrial space,
flex space, and
office space options throughout several parts of the city for a companies
commercial real estate needs. It is a top contender for high tech businesses expanding their bases from Silicon Valley and San Francisco areas, bringing thousands of new jobs in research and development, marketing and sales, assembly and manufacturing. Fremont’s high tech growth has earned its inclusion as an official member of the communities that make up ‘Silicon Valley.’
Companies who look in this city also look in nearby cities such as
Hayward,
Pleasanton,
Union City.
Retail space in Fremont: Fremont is a very diverse city that serves a very diverse clientele. Some large retail options include the Pacific Commons, The Hub, and Washington West Retail. The auto dealers at the Fremont Auto Mall are among the region's top grossing dealerships. Exciting retail opportunities include
restaurant space, and
storefront space. Fremont offers the ability to find small and start up retail spaces for many different types of businesses.
Office space in Fremont: Fremont offers many attractive options for East Bay or Peninsula residents who are looking for a new site for their
office or commercial space. Fremont offers great access to the rest of the Bay Area and this favorable commute pattern draws a lot of companies to Fremont. Fremont can be accessed by both BART and bus and employees working in Fremont find it to be a very convenient location. Fremont is getting ready to be the new home of the Oakland A’s which should draw some new office space users to the city of Fremont. Fremont offers
high rise office space,
low rise office space,
lofts, and
converted warehouse office space. Some office parks include Bayside Business Park, Bayside Technology Park, and Ardenwood. Some companies that are located within Fremont include Mattson Technology Inc and Amgen.
Industrial space in Fremont: Fremont offers great freeway access and close proximity to the Silicon Valley which helps business justify locating their
commercial real estate within Fremont. Fremont has a total of approximately 18.8 million square feet of
industrial space, with ample land still available for development. The major industrial areas of Fremont are planned, campus-style parks. Over 100 business and industrial centers and parks are scattered throughout Fremont. Three industrial zoning categories allow a full range of industrial uses, including some which allow large-scale retail uses. Land prices, and the cost of doing business in Fremont, are extremely competitive to other Bay Area communities as well. Fremont’s central location offers
warehouse space near Interstate 880. Fremont has
storage spaces,
warehouse spaces,
distribution spaces, and
manufacturing spaces. Fremont provides
lab space to the growing local biotech community that is doing well in Fremont. This lab space can be difficult to find and Fremont and their commercial owners have been building lab space for commercial companies many of which come out of UC Berkeley, Stanford, or other local research institutions. Fremont lab space is prevalent at the base of the Dumbarton Bridge which is called the Ardenwood area. Ardenwood is an exciting biotech center and serves as home to a range of firms, including small start ups and larger full-scale manufacturing firms. Accommodating the rapid growth are two Silicon Valley-based developers, Peery Arrillaga and Sobrato Development Corporation, who have erected more than 1.1 million-square feet in buildings and campuses in the Ardenwood Business District. Of the nearly 40 life science firms that have opened in Fremont within the past five years, nearly a quarter of them are clustered in Ardenwood.
Quick Market Stats:
There's roughly 2,000,000 square feet of
office space with a rough overall vacancy rate of 10%. The average asking rates for
Class A office space is $4.50(fs) and
Class B office space is $3.50(fs) per square foot per month.
The
R&D space market is roughly 19,431,700 square feet and has an overall vacancy rate of just 17.3%. The
average lease rate is $1.08 per square foot per month.
The industrial space market is roughly 11,000,000 square feet and has an overall vacancy rate of just 7%. The average lease rate is $0.70 per square foot per month.
The
warehouse space market is roughly 7,500,000 square feet and has an overall vacancy rate of just 9%. The average lease rate is $0.50 per square foot per month.
