Global Real Estate Intelligence
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CRED iQ

CMBS Distress Rate Climbs to 11.70% in December 2025 Amid Ongoing Refinancing Pressures

CRED iQ reports the overall CMBS distress rate rose to 11.70 percent in December 2025, a third consecutive monthly increase, with a delinquency rate of 8.89 percent and a specially serviced rate of 11.15 percent.

CMBSCapital MarketsDebt & FinancingU.S. NationalRead
CRED iQ

CMBS Distress Rate Climbs to 11.6% in November 2025

CRED iQ records a November 2025 CMBS distress rate of 11.6 percent, with non-performing matured loans comprising the largest share of the distressed universe and office exhibiting the highest sector stress.

CMBSCapital MarketsDebt & FinancingU.S. NationalRead
CRED iQ

CMBS Distress Rate Reaches a New Record at 11.8%

CRED iQ reports the CMBS distress rate reached a record 11.8 percent, driven by maturity defaults and continued stress in the office sector.

CMBSCapital MarketsDebt & FinancingU.S. NationalRead
CRED iQ

CMBS Distress Rate Reaches 11% - Breaking a Streak of 3 Consecutive Reductions

CRED iQ records the CMBS distress rate climbing back to 11 percent, ending three consecutive monthly reductions as maturity pressures persist.

CMBSCapital MarketsDebt & FinancingU.S. NationalRead
CRED iQ

CRED iQ's Special Servicing Rate Reaches 9.9%

CRED iQ reports the CMBS special servicing rate climbed to 9.9 percent as loans continued transferring to special servicing ahead of imminent default and maturity.

CMBSCapital MarketsDebt & FinancingU.S. NationalRead
GWL Realty Advisors

2026 Real Estate Market Perspectives: On the Cusp

The annual outlook reviews Canadian commercial real estate fundamentals and investment themes across the office, industrial, multifamily and retail sectors.

OfficeIndustrial & LogisticsMultifamilyCanadaRead