Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Fitch headquarters in Lower Manhattan Fitch Ratings headquarters in Lower Manhattan.

NEW YORK CITY—The so-called wave of maturities having crested in 2017, the new year bodes well for a more settled outlook on the CMBS market. Fitch Ratings cites strong new issuance volume, continued resolution activity and the slowing pace of new delinquencies all adding up to the sixth consecutive month of decline in the US CMBS delinquency rate, and predicts further declines in late-pays during 2018.

Fitch’s overall US CMBS delinquency rate finished the year at 3.22%, 15 basis points lower than the previous month and 12 bps lower than a year ago, although delinquencies for the office and retail sectors were up from the year-ago period. Using a different yardstick, Trepp LLC said earlier this month that delinquencies had ended the year at 4.89%, a decline of 29 bps from November.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

More from this author



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.