Wilshire Center - Koreatown Commercial Real Estate For Lease

Wilshire Center - Koreatown

Market Report

Number of Listings For Lease
Posted in the last 90 days
6
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
1,450

Wilshire Center - Koreatown Commercial Real Estate

Find Wilshire Center - Koreatown commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Learn about Wilshire Center - Koreatown commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Wilshire Center - Koreatown Rates

Most commerial real estate listings for lease are in the $10's per square foot per year. The Wilshire Center - Koreatown region is seeing a decline in rates. In the last 3 months, the median rate for lease decreased $14 per sqft per year.

Compared to the rest of the Metropolitan Los Angeles commercial real estate market, the Wilshire Center - Koreatown region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Wilshire Center - Koreatown Listing Supply

In the last 90 days, 467 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the commercial real estate listings in the Wilshire Center - Koreatown are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard size for office space in this area is around 1,450 sqft. Most properties in this area are approximately 11 floors. Most buildings in this region were built approximately 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 market. Commute by motorcycle is the most popular way to get to work amongst Wilshire Center - Koreatown folk. Commuting close to 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.
Research