2024 CMBS Delinquency Rates
Trepp's monthly update. Read the report here.
The Trepp CMBS Delinquency soared in November 2024, with the overall delinquency rate increasing 42 basis points to 6.40 percent.
This month, the office, multifamily and lodging property types all saw substantial increases in the sector-specific delinquency rates. The office delinquency rate surpassed 10 percent in November, increasing about 100 basis points to 10.38 percent. There were multiple large newly delinquent office loans that drove the office delinquency rate higher, with the office sector making up 60 percent of the net change in delinquent loan amount in November.
The percentage of loans in the 30 days delinquent bucket is 0.52 percent, up 9 basis points for the month.
Our numbers assume defeased loans are still part of the denominator unless otherwise specified.
—Posted on December 26, 2024
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