Most listings are in the $30's per square foot per year. The Fashion District region is going through a a rise in rates. In the last 3 months, the median rate increased $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 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 posted online, so you'll want to check back regularly for new listings. 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 2,000 sqft. Most buildings in this area are close to 4 floors. Most buildings in this area 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 around 10 minutes a day is the norm for those who opt to reside in this part of town.