Most listings are in the $20's per square foot per year. The Fashion District submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 20% 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 discounted submarket.
In the last 90 days, 53 listings have come on the market, 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 1,940 sqft. Most buildings in this region are close to 4 stories. Most buildings in this market 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 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.