Fresno Industrial Market Report
Living market report for industrial and warehouse space in Fresno, California. Data updates automatically as new listings are added. Last updated August 20, 2026.
Fresno Industrial Market Report Q3 2026 — Full quarterly analysis with vacancy rates, warehouse lease rates by submarket, cap rates, investment sales data, and Fresno industrial market trends outlook. Cited data from Cushman & Wakefield, CBRE, Lee & Associates, Kidder Mathews, and Fresno County EDC.
Lease Rate Distribution
Rates range from $0.55/SF/YR to $23.40/SF/YR.
Available Space by Size
Submarket Breakdown
What Changed — Update Log
This report is updated regularly as new listing data becomes available. Below is a chronological log of what changed in each update.
Fresno Industrial Market Trends
Fresno industrial market trends reflect the city's position as the economic center of California's Central Valley. Fresno's industrial market is anchored by the Highway 99 corridor, with major warehouse, distribution, and manufacturing facilities serving one-day truck access to San Francisco, Los Angeles, Sacramento, and the entire Central Valley. Industrial vacancy rates in Fresno have tightened as 3PL operators, food-processing companies, and e-commerce fulfillment users absorb available warehouse space. Asking lease rates for Fresno industrial space currently range from $0.55 to $0.95/SF/YR NNN, with newer Class A distribution buildings along the Hwy 99 and Herndon Avenue corridors commanding premium pricing.
Key Fresno industrial market trends to watch: continued demand for 3PL warehouse space driven by the city's strategic central-Valley location; growth in food-grade and cold-storage facilities supporting Fresno's agricultural processing sector; and rising interest from Bay Area distributors seeking lower-cost alternatives to coastal markets. Neighboring Clovis offers planned industrial parks along Clovis Avenue and Herndon Avenue, absorbing spillover demand. For current asking rates and availability by submarket, see the Fresno warehouse lease rates guide and the submarket breakdown above.
Fresno Industrial Cap Rates
Fresno industrial cap rates currently range from approximately 6.5% to 9.0% for stabilized industrial assets, depending on submarket, building age, tenancy, and lease structure. Single-tenant net-leased distribution buildings along the Highway 99 corridor and in South Fresno's primary industrial parks trade at the lower end of that range (6.5–7.25%), reflecting stronger tenant demand and lower perceived risk. Multi-tenant warehouse properties in secondary submarkets and older industrial buildings in North Fresno trade at 7.75–9.0% cap rates, compensating investors for higher management intensity and tenant roll risk.
Fresno industrial cap rates remain 100–200 basis points higher than comparable Bay Area and Southern California industrial assets, reflecting the Central Valley's secondary-market positioning but also offering stronger going-in cash yields for investors seeking higher returns. Recent sales of distribution facilities along the Hwy 99 corridor have compressed cap rates modestly as institutional buyers and 1031 exchange investors seek higher-yielding alternatives to saturated coastal markets. Cold-storage and food-grade facilities in Fresno command lower cap rates due to specialized build-out and strong agricultural-sector demand. For investor-focused analysis of Fresno industrial cap rates by submarket and building type, contact us for a custom market analysis below.
Fresno Industrial Real Estate Prices
Fresno industrial real estate prices vary significantly by property type, submarket, and building class. For lease transactions, asking rates currently range from $0.55 to $0.95/SF/YR NNN for standard warehouse and distribution space, with newer Class A buildings along the Highway 99 corridor commanding $0.85–$1.10/SF/YR NNN. Older warehouse stock in South Fresno and secondary industrial parks can be found at $0.45–$0.65/SF/YR NNN, offering value pricing for cost-sensitive tenants.
For investment sales, Fresno industrial real estate prices typically range from $75 to $150 per square foot for stabilized warehouse and distribution assets, depending on location, building age, tenancy, and lease structure. Single-tenant net-leased distribution buildings in prime Fresno submarkets trade at $110–$150/SF, while multi-tenant warehouse properties in secondary locations trade at $75–$110/SF. Cold-storage and food-grade facilities command premium prices ($150–$250/SF) due to specialized build-out and strong demand from Fresno's agricultural processing sector. Price per square foot for industrial land in Fresno ranges from $8 to $25/SF depending on zoning, utilities, and highway access. For current Fresno industrial real estate prices by submarket and property type, contact us for a custom analysis below.
Frequently Asked Questions: Fresno Industrial Market
What are the current Fresno industrial market trends?
Fresno industrial market trends show growing demand driven by the city’s position as the economic center of California’s Central Valley. Key trends include: rising demand from 3PL operators and agricultural processors; tightening vacancy as new construction along the Hwy 99 corridor is absorbed; increasing lease rates with Class A distribution buildings commanding $0.85–$1.10/SF/YR NNN; and growing interest from Bay Area and Southern California tenants seeking lower occupancy costs. Fresno’s cold storage and food-grade warehouse sector is expanding due to the region’s agricultural processing industry.
What are current Fresno industrial real estate prices?
Fresno industrial real estate prices vary by property type and submarket. For lease transactions, asking rates range from $0.55 to $0.95/SF/YR NNN. For investment sales, stabilized warehouse and distribution assets typically range from $75 to $150 per square foot. Single-tenant net-leased distribution buildings in prime Fresno submarkets trade at $110–$150/SF. Cold-storage and food-grade facilities command premium prices of $150–$250/SF. Industrial land in Fresno ranges from $8 to $25/SF.
Where can I find 3PL warehouse space in Fresno?
Fresno 3PL warehouse space is concentrated along the Highway 99 corridor, with the largest facilities in Central and South Fresno near the freeway interchanges. Clovis offers smaller flex and light industrial space suitable for 3PL operators needing 10,000–50,000 SF. Key requirements include dock-high loading doors, 28–32 ft clear height, trailer-accessible parking, and three-phase power. Browse our Fresno warehouse listings or contact us for 3PL-specific facility recommendations.
How much does industrial space for lease cost in Fresno?
Industrial space for lease in Fresno currently ranges from $0.55 to $0.95/SF/YR NNN for standard warehouse and distribution space. Newer Class A buildings along Highway 99 command $0.85–$1.10/SF/YR NNN. Older warehouse stock in South Fresno can be found at $0.45–$0.65/SF/YR NNN. NNN charges typically add $0.10–$0.25/SF/YR. For a current rate quote on specific properties, contact us with your size and submarket requirements.
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