CLIPPER COURT COMMERCE CENTER
Fremont has rapidly grown into the fourth largest city in the Bay Area, offering residents a central Bay Area location with excellent access to the key transportation corridors including the I-880, I-680, and the Dumbarton Bridge. The city is home to 232,000 residents, 49% of which have a Bachelor’s degree or higher, boasting an average household income of $114,000 (www.fremont.gov). As of August 2017, the unemployment rate is 3.4% (www.CA.gov). The city currently has 6,218 residential units that are either under construction or approved for development, including from nationally prominent developers such as Toll Brothers, Lennar, and KB Homes. Being located along the I-680 provides convenient access to the large skilled-labor pool residing in the housing communities of Pleasanton and Livermore. As a result, Fremont has become a strategic geographic location for the emerging R&D industry, which includes automotive, advanced manufacturing, clean technology and life sciences.
Fremont is also home to several large corporate headquarters including Tesla, Western Digital, Seagate, Lam Research, Solar City and Thermo Fisher. The large corporate presence creates a ‘halo effect’ resulting in the demand for industrial and R&D space driven by tenants looking to position themselves as key inputs to the supply chain in close proximity to the major market participants.