The typical asking rate per listing is in the $30's per square foot per year. The Fashion District region is going through a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 9% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Fashion District submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 44 listings have been posted online, so you'll want to check back regularly for new listings. 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 1,800 sqft. Most buildings in this region are approximately 4 stories. Most buildings in this market 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 area. Most of the folk 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.