Most listings are in the $40's per square foot per year. The Wilshire Center - Koreatown region is seeing a an increase in rates. In the last 3 months, the median rate increased $17 per sqft per year. That's a 67% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Wilshire Center - Koreatown submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 5 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 40% of the available leases in the Wilshire Center - Koreatown are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 9,610 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 12 stories. Most buildings in this area were built in 1959 and are Class A.
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 region. Commute by motorcycle is the most popular way to get to work amongst Wilshire Center - Koreatown folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.