CMBS delinquency rates in August 2022 were 2.98%, finally falling below 3% for the first time since the pandemic, according to a new report from Trepp. A year before they had only just dropped under 6%. It’s been six months since they went below 4%.

The all-time high for CMBS delinquency was in July 2012, when it hit 10.34%. The high for the pandemic was 10.32% in June 2020.

Erik Sherman



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