CMBS delinquencies decrease, yet new bankruptcy reveals persisting troubles.

January 2, 2024
1 min read

In December, delinquencies in commercial mortgage-backed securities (CMBS) decreased to 4.21% after a slight uptick in November, according to Kroll Bond Rating Agency. However, the bankruptcy filing of JER Investors highlights that underlying issues still persist in the market. Ratings downgrades for CMBS are expected to continue to outpace upgrades in 2024, primarily due to loans maturing in a higher rate environment and remote work-related vacancies. The retail and multifamily property sectors experienced the largest increases in delinquency rates in December. Overall, while delinquencies have decreased for some property types, challenges remain in the CMBS market.

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