Exterior of office building The nearly $1.1 billion in CMBS debt on 5 Times Square was paid in full this month, says Fitch.

NEW YORK CITY—The wall of CMBS maturities continues to come down, brick by brick, with 2017 fixed-rate multi-borrower maturities standing at $36 billion at the end of February, Fitch Ratings said Friday. That’s off from $41 billion in Fitch-rated CMBS as of Jan. 31 and $47 billion at year-end 2016.