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.
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.
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.