Wilshire Center - Koreatown Retail

Wilshire Center - Koreatown

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
1,750
As of: July 27, 2017

Wilshire Center - Koreatown Rates

The typical asking rate per listing is in the $30's per square foot per year. The Wilshire Center - Koreatown region is seeing a a rise 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 submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.

Wilshire Center - Koreatown Listing Supply

In the last 90 days, 8 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 38% of the office spaces 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 area are approximately 12 floors. Most buildings in this region 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 close to 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.
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