The decline in lodging brings down the overall rate.

The Offices District has recorded considerable demand amid the COVID-19 pandemic, Chris McCluskey of VanTrust Real Estate says, and with the addition of MTX Group Inc., The Offices Two at Frisco Station is 90% leased.

Sellers have made some adjustment for rent loss during the pandemic, but low interest rates have kept prices stable.

The vacancy rate has climbed to 9.4% in the market and the sublease supply has increased to three or four times the pre-pandemic norm as tenants shed office space.