Office CMBS Delinquencies Surpass September 2012’s All-Time High
The office CMBS delinquency rate rose to a new all-time high of 8.89% in July 2026, surpassing the previous peak of 8.83% recorded in September 2012 and up from 8.0% a year earlier, reported Fitch Ratings. Fitch’s overall U.S. CMBS delinquency rate increased 16 basis points to…
The office CMBS delinquency rate rose to a new all-time high of 8.89% in July 2026, surpassing the previous peak of 8.83% recorded in September 2012 and up from 8.0% a year earlier, reported Fitch Ratings. Fitch’s overall U.S. CMBS delinquency rate increased 16 basis points to…
BELLINGS Intelligence Score: 38
Why it matters
Office CMBS delinquencies hitting a new all-time high signals worsening credit stress in a key commercial real estate segment, potentially affecting lenders and investors broadly, but it remains a sector-specific credit-market development without immediate systemic or monetary-policy implications.
Sources
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Office CMBS Delinquencies Surpass September 2012’s All-Time High
The office CMBS delinquency rate rose to a new all-time high of 8.89% in July 2026, surpassing the previous peak of 8.83% recorded in September 2012 and up from 8.0% a year earlier, reported Fitch Ratings. Fitch’s overall U.S. CMBS delinquency rate increased 16 basis points to…