Office CMBS Delinquency Rate Spikes to Record 11.1% in June, Worse than Financial Crisis Meltdown Peak, after 3-Month Relapse

The delinquency rate of office mortgages that have been securitized into commercial mortgage-backed securities (CMBS) spiked to 11.1% in June, a new all-time high, re-blowing past even the Financial Crisis meltdown high, and squeaking past the December 2024 high, according to data by Trepp , which tracks and analyzes CMBS.