Most listings are in the $80's per square foot per year. The Koreatown region is going through a a boost in rates. In the last 3 months, the median rate rose $86 per sqft per year.
Compared to the rest of the New York City market, the Koreatown submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 91 listings have been made available, so you'll want to check back regularly for new listings. About 53% of the available space in the Koreatown are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,800 sqft. Most properties in this region are close to 12 floors. Most buildings in this area were built in 1912 and are Class A.
Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Koreatown occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.