Commercial Real Estate Blog

The Contra Costa times featured an article today highlighting the relatively inexpensive rents in Fremont as spurring demand for space. While Silicon Valley and the Peninsula have seen office rates increase over the past two years or so, Fremont has remained a fairly inexpensive market. Rents have moved up in Fremont, but compared to space just over the Dumbarton Bridge or over Highway 92, Fremont is a bargain.

Fremont is a market which doesn’t have a lot of the Class A type of office space that you can find in Foster City or Redwood Shores, but it does have a few comparable buildings in its downtown area nearby the BART Station. Space in Fremont runs about $2.50 Full-Service for Class A office, while in Foster City or Redwood Shores would run you north of $4.00 Full-Service.

Supply is much higher in Fremont with vacancy rates for CTU construction offices and R&D facilities into the teens and rents 30-50% cheaper than the alternatives on the other side of the bay. Some of the new companies to move into Fremont recently include Solyndra, Super Micro Computer, and PurFresh. Also, the stock of single-story R&D buildings in Fremont is also making it a popular place for cleantech companies looking for a cheaper alternative to space along the 237 corridor in Sunnyvale, Santa Clara, and San Jose.

Pacific Shores Center
Seaport Blvd, Redwood City

17,000-34,000 Square Feet of Class A Space
Plug N’ Play with Cubicles & Office Furniture
$1.25 NNN. Sublease through 2011.
~30% Below Market

Redwood City Office Space For Sublease
1300 Seaport Blvd.
Redwood City, CA

±17,000-34,000 SF of Class A Office Space
Fully Furnished/Plug N’ Play

San Jose Office Space For Sublease
25 Metro Drive
San Jose, CA

1,753 SF
Corner Glass Line

10,270 SF
555 Twin Dolphin Drive
Redwood City, CA

• Top Floor Space
• Plug N’ Play; Furniture Available
• Free Parking