High pricing is driving Los Angeles residents to other, more affordable markets, like Las Vegas, Phoenix and Riverside.

Copperwood Ranch has been well maintained by its ownership for the past 16 years, with more than $160,000 in capital expenditures invested since 2018, and this owner has a Texas portfolio of 11 affordable housing assets.

Plano added the most office space at slightly more than 10.5 million square feet, a 40% increase, while Irving came in second, adding 4.5 million square feet of class-A and B office space across 21 properties.

Rents will be around $2,000 per unit on units averaging just under 1,100 square feet.