Most listings are in the $10's per square foot per year. The Fashion District submarket is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Fashion District region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 53 listings have been made available, so you'll want to check back regularly for new listings. About 30% of the office spaces in the Fashion District are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 around 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 market. 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.