The typical asking rate per listing is in the $10's per square foot per year. The Fashion District region is seeing a a boost in rates. In the last 3 months, the median rate rose $19 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Fashion District submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 53 listings have been listed, so you'll want to check back regularly for new listings. About 60% of the available leases 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,650 sqft. Most buildings 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 market. 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.