Vikram Malhotra looks at return-to-work trends, with several sunbelt regions actually exceeding pre-Covid levels. He noted leasing volumes have generally recovered from pandemic lows, but sublet availability remains high. Malhotra also mentioned tour activity is the highest in L.A. currently, and hotel occupancy has dipped recently. Tom White then looks at an example covered call in the Vanguard Real Estate ETF, as well as a call calendar in Marriott.
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