Total Delinquencies Drop in August

The overall delinquency rate for CMBS fell to 9.33 percent ($14.1 billion) in August, according to S&P Global Ratings data.

Source: S&P Global Ratings
Source: S&P Global Ratings

The overall delinquency for S&P Global-rated CMBS fell to 9.33 percent ($14.1 billion) in August from 9.55 percent ($14.8 billion) the month before. New delinquencies totaled $917 million. The total delinquent balance fell in the lodging (down $66 million), retail (down $161 million), office (down $227 million) and multifamily (down $1 million), and rose with industrial (up $33 million) month-over-month.