The typical asking rate per listing is in the $20's per square foot per year. The Fashion District region is going through a decline in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 29% decrease 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 submarket.
In the last 90 days, 20 listings have been listed, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,350 sqft. Most properties in this area 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 residents 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.