Known as the Entertainment Capital of the World, Los Angeles draws rising stars from across the globe. It should come as no surprise, then, that living in the City of Angels will cost you: The average rent will require over 31 percent of household income. With a strong outdoor activity index, a top culinary ranking, and a strong cultural ranking, Los Angeles remains a top destination—despite a market-wide negative net migration over the next 5 years. There is a positive sentiment regarding industrial and multifamily properties in the city. Perhaps not surprisingly, the most expensive property currently on the market in the U.S. is in Los Angeles—a testament to the city’s enduring allure.