199. Office Delinquencies Hit 5-Year High; Issuance Defies Debt Ceiling Drama; State of CRE Market
The TreppWire Podcast: A Commercial Real Estate Show
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The Decline of CMBS
The overall delinquency rate for CMBS up more than 50 basis points now up to about 3.6%. It represents a 14 month high. The office segment, which was already up 100 basis points year to date as of April, the radar office has jumped another 125 basis points in May, now over 4%. I wouldn't be shocked if we in the year and double digits in the office market.
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