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CMBS Delinquency Hits 7.03% Amid Economic Struggles

5/6/2025

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Summary

Story summary

In April 2025, the U.S. CMBS delinquency rate surged to 7.03%, marking its highest point since January 2021, largely fueled by struggles in the multifamily and lodging sectors. Amid economic uncertainty, KBRA noted a dip in CMBS issuance, with only $3.3 billion in deals priced. However, May promises a rebound as stalled deals move forward.

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Story summary

In April 2025, the U.S. CMBS delinquency rate surged to 7.03%, marking its highest point since January 2021, largely fueled by struggles in the multifamily and lodging sectors. Amid economic uncertainty, KBRA noted a dip in CMBS issuance, with only $3.3 billion in deals priced. However, May promises a rebound as stalled deals move forward.