On average, listings lease in the $30's per square foot per year. The Fashion District region is experiencing a an increase in rates. In the last 3 months, the median rate rose $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 region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 273 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the available leases 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 940 sqft. Most buildings in this market are approximately 4 floors. Most buildings in this region were built in 1924 and are Class B.
This market is fairly equally mixed residential and commercial. Professional services is the dominant industry in this market. Most of the occupants of Fashion District work from home. Commuting around 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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