Trepp Inc. announced that its commercial mortgage-backed securities (CMBS) delinquency rate ended 2023 at 4.51%.
December’s rate was a seven basis points decline for the month. At the end of 2022, the CMBS delinquency rate was 3.04%, a 147 basis points difference.
For the first time in seven months, the delinquency rate for the office sector fell – a 26 basis points drop to 5.82%. The retail delinquency rate was down 10 basis points to 6.47% while increases were recorded in industrial delinquency rate (up 19 basis points to 0.57%), the lodging delinquency rate (up 19 basis points to 5.40%), and the multifamily delinquency rate (up 16 basis points to 2.62%).
;
