2024 Office Space Rent & Sales
- $23.26 2024 Avg. Asking Rent
- 23.69% 2024 Office Vacancy Rate
- $57.8M2024 Total Office Sales
- $185.03Avg. Sale Price/SF
Fremont office price per square foot in 2024 was $23.26 on average. The local office market recorded an average vacancy rate of 23.69% across all asset classes combined. The 6 transactions that closed here throughout 2024 amounted to a total sale volume of $57.8M. Fremont office space commanded an average sale price per square foot of $185.03.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- California Class A & A+ Office Space$60.31
- California Class B Office Space$38.42
- California Class C Office Space$26.20
Fremont, CA Office Asking Rents by Class
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| Office building | Address | SF | Completed |
|---|---|---|---|
| Farwell Medical Building | 39180 Farwell Drive, 94538 | 32,600 | 2010 |
| 34793 Ardentech Court | 34793 Ardentech Court, 94555 | 83,996 | 2005 |
| 34793 Ardentech Court | 34793 Ardentech Court, 94555 | 83,996 | 2005 |
| Fremont Business Park | 48371 Fremont Blvd, 94538 | 123,782 | 2001 |
| 6900 Paseo Padre Pkwy | 6900 Paseo Padre Pkwy, 94555 | 97,747 | 2001 |
| 6801 Kaiser Drive | 6801 Kaiser Drive, 94555 | 88,043 | 2001 |
| Civic Center Place | 39141 Civic Center Drive, 94538 | 110,679 | 1999 |
| Ardenwood Research Center | 34781 Campus Drive, 94555 | 92,250 | 1998 |
| 6550 Dumbarton Circle | 6550 Dumbarton Circle, 94555 | 99,000 | 1996 |
| Clipper Court Commerce Center - Buildings 13 & 14 | 46750 Fremont Blvd, 94538 | 59,100 | 1990 |
Worth noting among recent office completions on the Fremont market is Farwell Medical Building, which is currently the largest new office development in the city, at 32,600 square feet.
See reports for other markets
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all Fremont commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.