“Employers are increasingly offering their staff flexible work arrangements and options to work remotely, so it naturally begs the question of how much physical office space is still needed.”

The “365” concept offers affordable grocery shopping as a complement to Lincoln Harbor's mix of uses. The 2.5 million square-foot development currently comprises over 1,000 existing rental and condominium units, a hotel, restaurants, commercial space, ferry and light rail transportation and open space.

Residents want to feel connected to their community, so apartment communities in premier locations close to shopping, dining, employment and transportation are paramount to their satisfaction levels, Shea Properties' Yunmi Martin tells GlobeSt.com.

Global investment manager Schroders' most recent global cities index has Los Angeles as the top city for real estate investment, narrowly beating London.