The overall distress rate for CMBS dropped for the second month in a row, according to CRED iQ, down 20 basis points to 10.6%. Four property categories saw lower distress rates; one was flat, and the sixth had a higher distress rate.
As a reminder, CRED iQ considers distress a combination of delinquency and special servicing. The delinquency rate went from 8.0% in February to 7.9% in March; it was 5.4% in March 2024. The special servicing rate saw a 40-basis-point improvement from 10.1% to 9.7% and was 7.4% a year prior. The firm says the recent improvements suggest that “while challenges persist, the market may be finding its footing in select areas.”
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
