Trepp, Inc.’s Post

🆕 The Trepp, Inc. CMBS Delinquency rate inched up five basis points in February 2024 to 4.71%. The jump was mainly due to increases in the heavily-watched office segment, where the rate rose 33 basis points to 6.63%. The retail segment notched the largest decline of all property sectors for the month, dropping 24 basis points to 6.03%. Download Trepp's latest delinquency report here 📩 https://hubs.li/Q02mVVF-0 #Trepp #CRE #CMBS #DelinquencyReport #DelinquentLoans #CommercialRealEstate #Office #Retail #Multifamily #Lodging #Industrial

CMBS Delinquency Rate Surges Back Above 5% in June with Three Property Types Posting Large Increases In case you missed Trepp's coverage on July 2nd, the Trepp CMBS delinquency rate jumped back above 5% in June 2024. The increase is somewhat expected after last month’s slight retreat given that the CMBS delinquency rate has been on an upward trend, increasing in four of the last six months. Overall, the delinquency rate increased 38 basis points in June. https://lnkd.in/gqs6Mnnb

🔎 In July 2024, the CMBS market continued to experience significant credit changes regarding newly delinquent, cured, and modified loans, across most major property type sectors. Month-over-month, the CMBS office delinquency rate was up 54 basis points to 8.09% in July from 7.55% in June. The office delinquency rate is now above 8% for the first time since November 2013 when the rate was at 8.58%. The CMBS multifamily delinquency rate rose 27 basis points to 2.63% in July from 2.36% in June. Read Trepp, Inc.'s full analysis: https://hubs.li/Q02LWKNb0 #Trepp #CommercialRealEstate #TreppWire #CRE #CRENews #CMBS #CreditChanges #Modifications #Delinquent

Office Drives CMBS Delinquencies Upward in October - https://lnkd.in/gnMhSW96 The Trepp CMBS Delinquency Rate continued its upward trend in October 2024, increasing 28 basis points to 5.98%. Year over year, it’s up 135 bps.  In October, all major commercial property types saw monthly delinquency rate decreases or remained unchanged, with the exception of office, which saw a 101-bp increase. Industrial held steady from

Happy #Monday! The month of June ended with #CMBS delinquency #rates on the rise. Read more about how much each sector contributed to this unsettling #trend. #office #retail #multifamilyinvesting #multifamilyrealestate #industrialrealestate #industrial #investmentproperty #investment #realestateinvesting #realestate #keyinvestment #monday

🚨 Market Update: CMBS Delinquency Rates on the Rise! 🚨 We’re seeing a notable increase in CMBS delinquency rates, with office properties jumping over 100 basis points in just one month, and the overall delinquency rate now approaching 6%. 📈 Anecdotally, my colleagues and I in the Special Servicing group here at Barnes & Thornburg LLP (h/t Jonathan Sundheimer) are seeing a clear uptick in workout discussions as stakeholders recognize that action is needed. 🤔 Are we witnessing full capitulation? Maybe -- but probably still too early to say. What does seem clear is that those who proactively engage in meaningful discussions sooner rather than later are likely to be in a stronger position as we move forward. 💪 Will be curious to hear what others are seeing in the current landscape? #CommercialRealEstate #Distress #Workout #SpecialServicers #MarketTrends #RealEstateInvestment https://lnkd.in/gx87dnj8

Rates are in the 5's

📣Trepp, Inc. & Commercial Real Estate Direct have released the Q3 2024 edition of the Quarterly Data Review (QDR). Our team analyzed the activity in the commercial real estate finance and CMBS markets. Topics include: 🔍 Volume of CMBS Loans in Special Servicing Climbs by 3.83% in September to $51.09Bln 🔍Major Office REITs Report Mixed Leasing Results in 2Q, Express Optimism 🔍Private-Label CMBS Issuance Stayed Hot in 3Q; Issuance Should Hit $100Bln This Year 🔍CMBS Delinquency Volumes See Spike in 2024, Driven by Office Sector

October Sees Increase in CMBS Delinquencies Due to Office Drives Read the full article below..

The Trepp CMBS Delinquency Rate continued its uphill climb in September. Overall, the delinquency rate rose 26 basis points to 5.70%. The office sector accounted for 37% of the $2 billion net increase in the overall dollar amount of delinquent loans in September, with the office delinquency rate increasing 39 basis points to 8.36%. Hopeful that the recent Fed rate cut will lower interest rates and provide opportunities for refinancing or loan restructuring, potentially helping distressed borrowers. Unfortunately, I think it will take more than lower rates to build the confidence in office properties in today’s environment. Now is a great time for office using tenants to evaluate their respective market options and right size (maybe early) to be ready for the next cycle. Questions? I am here to help. Download the Trepp CMBS Delinquency Report, link in comments below.