Most listings are in the $30's per square foot per year. The Fashion District submarket is going through a a boost in rates. In the last 3 months, the median rate increased $13 per sqft per year. That's a 71% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Fashion District submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 273 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the listings in the Fashion District are subleases, so you will probably have to consider a longer term lease. 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 1,520 sqft. Most properties in this market are close to 4 stories. Most buildings in this market were built in 1924 and are Class B.
This area is fairly equally mixed residential and commercial. Professional services is the dominant industry in this area. Most of the folk of Fashion District work from home. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Fashion District.
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