Pending
Fremont · 10,010 SF
Bay Area Industrial · I-880 · Fremont
Fremont Industrial Real Estate
Industrial sales and leasing in Fremont, Newark and Union City, from Jeffrey Ida and Brendan Gallagher, Founding Principals of The Ida Group at Lee & Associates – San Francisco. Private-owner industrial sales and leasing across the Bay Area. Most of our assignments are 2,000–75,000 SF buildings and $1M–$20M sales: warehouses, yard and industrial outdoor storage (IOS) sites, owner-user buildings, small-bay multi-tenant properties and sale-leasebacks.
Fremont / Newark inventory
58.9M SF
Direct vacancy
5.9%
Asking rent /SF/mo
$1.70
Q2 net absorption
+233,520 SF
01 — Fremont
Industrial brokers for Fremont owners
Fremont is where the East Bay meets Silicon Valley. The Fremont / Newark submarket has about 58.9 million SF of industrial space — warehouse, manufacturing and R&D — along I-880, I-680 and the Warm Springs and Bayside districts. It is one of the tightest markets in the East Bay.
We are marketing 49111 & 49117 Milmont Dr (10,010 SF, now pending) and sold 36527 Fremont Blvd to an owner-user in 2021. Our South Bay and Hayward track records are below.
02 — Track record
Our Fremont deals
| Year | Property | City | Deal | Building | Sale Price |
|---|---|---|---|---|---|
| 2021 | 36527 Fremont BlvdOwner-user | Fremont | Industrial Sale | 3,012 SF | $1,525,000 |
Nearby: Hayward, San Jose and Santa Clara
| Year | Property | City | Deal | Building | Sale Price |
|---|---|---|---|---|---|
| 2024 | 1631 S 10th StreetOwner-user | San Jose | Industrial Sale | 30,000 SF | $6,900,000 |
| 2023 | 1588 Meridian | San Jose | Sale | — | $3,900,000 |
| 2023 | 22351 Mission BlvdOwner-user | Hayward | Sale | 8,952 SF | $1,100,000 |
| 2023 | 1591 Hamilton | San Jose | Sale | — | — |
| 2022 | 750 Story Road | San Jose | Sale | 9,732 SF | $15,750,000 |
| 2022 | 5145-5155 Stevens Creek Blvd | Santa Clara | Sale | 14,667 SF | $6,800,000 |
| 2022 | 1820 Stone AvenueOwner-user | San Jose | Sale | 2,936 SF | $1,100,000 |
| 2021 | 1130 Ringwood Court, | San Jose | Sale | 58,760 SF | $16,550,000 |
| 2021 | 2751 Aiello StreetOwner-user | San Jose | Sale | 9,837 SF | $3,250,000 |
| 2021 | 1130-1132 McKendrie StreetOwner-user | San Jose | Office Sale | 2,416 SF | $1,150,000 |
| 2020 | 1800 Dobbin Drive | San Jose | Industrial Sale | 81,475 SF | $20,550,000 |
| 2020 | 660 N King Road | San Jose | Industrial Sale | 40,200 SF | $9,250,000 |
| 2019 | 1641-1695 Industrial Parkway West | Hayward | Retail Sale | 40,852 SF | $12,950,000 |
| 2017 | 357 East Taylor Street | San Jose | Industrial Sale | 129,646 SF | $10,500,000 |
| 2017 | 22648-22664 Mission Boulevard | Hayward | Retail Sale | 7,920 SF | $1,200,000 |
| 2016 | 26250 & 25965 Industrial Boulevard | Hayward | Retail Sale | 10,184 SF | $6,679,000 |
| 2016 | 29425 Ruus Road | Hayward | Industrial Sale | 15,600 SF | $2,400,000 |
| 2013 | 2060 Aborn RoadOwner-user | San Jose | Office Sale | 12,390 SF | $3,175,000 |
Source: The Ida Group closed-transaction ledger, 2007–2026. Sale prices are recorded closing prices; lease terms are confidential. Owner-user = sold to a buyer who occupies the building. Transactions before 2023 closed while the team was at its prior firm; the team joined Lee & Associates – San Francisco in 2023.
04 — Market snapshot
Fremont industrial, Q2 2026
| Submarket | Inventory | Direct vacancy | Total vacancy | Asking rent /SF/mo NNN | Q2 net absorption |
|---|---|---|---|---|---|
| Fremont / Newark | 58.9M SF | 5.9% | 7.3% | $1.70 | +233,520 SF |
| Union City | 14.3M SF | 6.8% | 8.5% | $1.35 | −197,460 SF |
| Hayward | 44.0M SF | 9.5% | 11.6% | $1.35 | +19,327 SF |
Fremont / Newark had 5.9% direct vacancy and +233,520 SF of Q2 net absorption, among the strongest in the East Bay. Kidder Mathews’ Silicon Valley report, which tracks Fremont separately, shows 3.0% direct vacancy for Fremont warehouse space ($1.41/SF/mo) and 1.1% for other industrial space ($2.78/SF/mo). Large Q2 sales included 49000 Milmont Dr (267,099 SF, $132.3M) and 4211 Starboard Dr (129,808 SF, $61M) — market sales, not ours.
Sources: Kidder Mathews, East Bay Industrial Market Report, Q2 2026; Kidder Mathews, Silicon Valley Industrial Market Report, Q2 2026.
How we sell
What an owner gets from us
A number built from closed sales
We price from recorded sales, not asking prices, and show you the addresses, prices, building SF, land SF and $/SF behind it. On yard and low-coverage sites we value the land separately.
The principals do the work
Jeffrey Ida and Brendan Gallagher price the property, run every tour and negotiate every offer. You get a written update every week.
The right buyer pool
Buildings under about $20M mostly sell to owner-users and private investors, not institutions. We market on CoStar, LoopNet and Crexi and go direct to our private-buyer list, backed by the national Lee & Associates platform.
The Team
The Ida Group · Lee & Associates – San Francisco
The Ida Group is part of the Lee & Associates – San Francisco office at 242 California St. Founding Principals Jeffrey Ida and Brendan Gallagher lead every assignment.
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Own industrial property in Fremont?
The Ida Group · Lee & Associates — San Francisco
242 California St, San Francisco, CA 94111
242 California St, San Francisco, CA 94111
© 2026 The Ida Group at Lee & Associates. All rights reserved.