In its look at November 2024 CMBS delinquency, Trepp calculated that the overall delinquency rate rose 42 basis points to 6.40%. Office, multifamily, and lodging all saw “substantial increases.”
A growing delinquency rate has been a problem for a while, as the firm has tracked and reported. But something in the update was important to notice — that office, multifamily, and lodging properties were “largely responsible” for the increase. One thing that GlobeSt.com confirmed with Trepp: “Delinquency rates are based on dollar values, not solely the number of loans in trouble.”
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