Wilshire Center - Koreatown Retail

Wilshire Center - Koreatown

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
1,280
As of: March 29, 2017

Wilshire Center - Koreatown Rates

Most listings are in the $30's per square foot per year. The Wilshire Center - Koreatown region is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 9% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Wilshire Center - Koreatown region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Wilshire Center - Koreatown Listing Supply

In the last 90 days, 8 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 13% of the available space in the Wilshire Center - 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,730 sqft. Most properties in this area are approximately 12 stories. Most buildings in this market 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 folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Wilshire Center - Koreatown.
Market Report

Market Data

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