On average, listings lease in the $30's per square foot per year. The Fashion District submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 41% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Fashion District region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 48 listings have been made available, so you'll want to check back regularly for new listings. 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 1,960 sqft. Most properties in this market are approximately 4 stories. Most buildings in this area were built in 1924 and are Class B.
This market is fairly equally mixed residential and commercial. Professional services is the dominant industry in this area. Most of the residents of Fashion District work from home. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.