Wilshire Center - Koreatown Office Space

Wilshire Center - Koreatown

Market Report

Number of Listings
Posted in the last 90 days
5
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
1,450

Wilshire Center - Koreatown Rates

Most listings are in the $10's per square foot per year. The Wilshire Center - Koreatown submarket is going through a decline in rates. In the last 3 months, the median rate fell $14 per sqft per year. That's a 47% decrease in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Wilshire Center - Koreatown region has lower rates, so you should have no trouble finding a great deal in this discounted region.

Wilshire Center - Koreatown Listing Supply

In the last 90 days, 467 listings have been made available, so you'll want to check back regularly for new listings. About 0% of the listings in the Wilshire Center - Koreatown are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,450 sqft. Most buildings in this market are around 12 stories. Most buildings in this region were built in 1960 and are Class A.

Wilshire Center - Koreatown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by motorcycle is the most popular way to get to work amongst Wilshire Center - Koreatown occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Wilshire Center - Koreatown.
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