Fremont Office Market Trends

Office Rental Market

  • $27.39 2019 Avg. Asking Rent
  • 3.82 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 66,938 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Fremont was $27.39 per square foot, and the office vacancy rate across the market averaged 3.82 %. During 2019, developers added 0 square feet of new office space to the Fremont market inventory. Office developments estimated for delivery during 2020 total 66,938 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Fremont Class B Office Buildings$31.18
  • Fremont Class C Office Buildings$14.82
  • CA Class A Office Buildings$51.59
  • CA Class B Office Buildings$34.34
  • CA Class C Office Buildings$22.62

Fremont, CA Office Asking Rents by Class

OFFICE CONSTRUCTION IN Fremont, CA

  • Fremont, CA Total Sqft completed in 2019 0
  • Fremont, CA Total Sqft under construction in 2020 66,938
10 Largest Office Buildings in Fremont
Building name Address Total Sqft Year built
Mission Corporate Center 440 Mission Court, 94539 318,697 1986
6500 Paseo Padre Pkwy 6500 Paseo Padre Pkwy, 94555 290,306 1998
3440 Walnut Avenue 3440 Walnut Avenue, 94538 218,461 1984
Palo Alto Medical Foundation - Fremont Center 3200 Kearney Street, 94538 214,605 2015
Prologis Park Bayside - 3342-3390 Gateway Blvd 3342 Gateway Blvd, 94538 198,200 1991
Kaiser Permanente Fremont Medical Center & Offices 39400 Paseo Padre Pkwy, 94538 174,022 1974
The Campus @ Ardenwood - Buildings A & B 34551 Ardenwood Blvd, 94555 172,731 1986
Delta Electronics Headquarters 46101 Fremont Blvd, 94538 170,606 2015
Lincoln Executive Center 43000 Christy Street, 94538 170,000 1986
4209-4245 Technology Drive 4209 Technology Drive, 94538 166,758 1985
Largest Office Properties Recently Completed in Fremont
Office building Address Sqft Completed
Bayside Technology Park - 47071 Bayside Pkwy 47071 Bayside Pkwy, 94538 87,544 2017
Palo Alto Medical Foundation - Fremont Center 3200 Kearney Street, 94538 214,605 2015
Delta Electronics Headquarters 46101 Fremont Blvd, 94538 170,606 2015
Farwell Medical Building 39180 Farwell Drive, 94538 32,600 2010
EFI Corporate Headquarters 6750 Dumbarton Circle, 94555 118,535 2009
2090 Warm Springs Court 2090 Warm Springs Court, 94539 34,695 2009
Fremont Tech Center 47603 Lakeview Blvd, 94538 136,730 2008
6200 Paseo Padre Pkwy 6200 Paseo Padre Pkwy, 94555 44,352 2006
817 Corporate Way 817 Corporate Way, 94539 40,023 2005
Fremont Business Park 48371 Fremont Blvd, 94538 123,782 2001
Data provided by Commercial Edge

Office Spaces for Rent in California

FREMONT OFFICE SALES TRENDS

  • $290.952019 Avg. Price per Sqft
  • 36.22 %Y-o-Y Avg. PpSF Change
  • $68.4M2019 Office Sales Volume
  • 32019 Number of Transactions

In 2019, office sales in Fremont averaged $290.95 per square foot. This marked a 36.22 % increase in office price per square foot, compared to the previous year. A total of 3 office sales closed on the Fremont office market in 2019, amounting to a total sales volume of $68.4M.

Average Office Sale Price per Sqft

Fremont, CA Sales Trends

  • Fremont Price per Sqft$290.95
  • California Price per Sqft$437.86

Office Sales - Trend and Volume

  • Fremont, CA Total Office Sales Volume in 2019 $68.4M
  • Fremont, CA Total Number of Office Sales Closed in 2019 3

Largest Fremont Office Sales in 2019

Property name Address Date Price
EFI Corporate Headquarters 6750 Dumbarton Circle 10/22/2019 $38,500,000
45365 Northport Loop West 45365 Northport Loop West 11/8/2019 $16,110,000
4050 Starboard Drive 4050 Starboard Drive 7/31/2019 $13,760,000
Data provided by Commercial Edge

See trends for nearby markets

The Fremont office market contains an inventory of 10,078,060 square feet of office space, in 209 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive 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 CommercialEdge can guarantee that the information provided is complete.