Overall commercial mortgage-backed security delinquency rates have continued dropping after spiking to more than 10% in June 2020, based on data collected by Trepp. Standing at 5.6% in August, it is nonetheless higher than the roughly 2% rate in early 2000.
CMBS delinquency rate continues falling
The biggest improvements came from lodging and retail properties. The former's delinquency rate fell to 12.1% from a peak of 24.3% in June 2020. During the same period, CMBS-backed retail properties saw delinquent loans drop to 10.4% from over 18%. Industrial properties' delinquent portion was 0.6%, below June 2020's 1.6%, which was in line with earlier months.
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