On average, listings lease in the $10's per square foot per year. The Fashion District submarket is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease 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 discounted submarket.
In the last 90 days, 53 listings have been made available, so you'll want to check back regularly for new listings. About 34% of the listings in the Fashion District 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,500 sqft. Most properties in this area are approximately 4 stories. Most buildings in this area were built in 1924 and are Class B.
This region is fairly equally mixed residential and commercial. Professional services is the dominant industry in this region. Most of the occupants of Fashion District work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.