December 2025 CMBS Delinquency Report

Jan 1, 2026

Trepp reports the CMBS delinquency rate rose 4 basis points to 7.30 percent in December 2025, with lodging up 44 basis points to 6.61 percent and office retreating 37 basis points to 11.31 percent.

CMBS Capital Markets Debt & Financing Office Hospitality U.S. National

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