WASHINGTON, DC-At one point the level of distresscommercial real estate was close to $200 billion,according to Delta Associates, which tracked these figures and released them quarterly to thewaiting-with-baited-breath commercial real estate industry. Whatthat number is today, though, Greg Leisch,president of Delta Associates, couldn’t tell you.
"We stopped tracking it," he tells GlobeSt.com. "There's nolonger a demand for the information or demand for distressservices—and that is a market indicator in itself I wouldguess."
Not to worry, though. There are plenty of other statistics thatcapture the progress of commercial real estate loan delinquencies.The Mortgage Bankers Association, for instance,has released its Commercial/Multifamily DelinquencyReport. Among its choicer findings, according toJaime Woodwell, MBA's vice president of CommercialReal Estate Research: the delinquency rate on bank-held loans is atits lowest level since the beginning of 2009. CMBS is doingrelatively well, too, he says, with the delinquency rate for theseloans, while still elevated, continuing to stabilize.
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