2024 CMBS Delinquency Rates

The decrease was primarily driven by some sizable resolutions in the office sector. A little more than $2 billion in office loans resolved in May, either because the loans flipped back to non-delinquent during the month, or because the loan was disposed. Five office loans accounted for $1.7 billion of the $2 billion. If the $2 billion in office resolutions had remained delinquent, the overall May CMBS delinquency rate would have been almost 26 basis points higher at 5.33 percent and the May office delinquency rate would have been roughly 90 basis points higher at 8.48 percent...