The company has entered into a contract to sell a 210-room San Diego hotel and a 204-room Washington DC hotel, for a sales price that equates to $360,000 per key.

"We've been locked up in a home, we all want to go back to travel and restaurants."

The average flex workspace requirement size was down by 29% last year and dropped average initial term length by a month.

The Fed says that disruptions caused by the pandemic make it hard to understand what valuations are in the CRE sector.