Most listings are in the $20's per square foot per year. The Wilshire Center - Koreatown region is seeing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 21% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Wilshire Center - Koreatown submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 3 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 33% of the available space 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 1,100 sqft. Most buildings in this market are around 12 floors. Most buildings in this area were built in 1959 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 region. Commute by motorcycle is the most popular way to get to work amongst Wilshire Center - Koreatown folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.