January 2024 - Page 24

According to data from the Mortgage Bankers Association, there are $US117 billion ($171.6 billion) of commercial mortgages tied to US office buildings that either need to be repaid or refinanced in 2024.

The delinquency rate for commercial mortgage-backed securities (CMBS) fell to 4.21% in December, according to Kroll Bond Rating Agency. This marks a reversal of November’s increase in the delinquency rate, suggesting short-term