CMBS Delinquencies

by property type; $ in billions

Source: S&P Global Ratings

The delinquency rate for S&P Global-rated CMBS fell 7 bps to 9.3 percent, or $14.2 billion, on September remits. New delinquencies totaled $1.1 billion during the month compared with $709 million in resolutions. The total delinquent balance fell for lodging and rose for retail, office, multifamily and industrial month-over-month. Lodging decreased by $49 million; retail rose by $5 million; office $1 million; multifamily $32 million and industrial $1 million. The conduit delinquency rate is now 17.3 percent, or $14.1 billion, up from last month’s conduit delinquency rate of 16.5 percent.