The typical asking rate per listing is in the $30's per square foot per year. The Wilshire Center - Koreatown region is going through a a boost in rates. In the last 3 months, the median rate went up $30 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Wilshire Center - Koreatown region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 8 listings have been posted online, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 75% 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.
The standard measurement for office space in this area is around 1,750 sqft. Most properties in this market are approximately 12 floors. Most buildings in this region were built in 1960 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 market. Commute by motorcycle is the most popular way to get to work amongst Wilshire Center - Koreatown folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.