After several bruising years defined by rising vacancies, declining values, and stalled deal flow, the office sector finally showed signs of life in 2025. Sharp price resets—some of the most significant in modern CRE history—opened the door for sidelined capital to re-engage, creating a measurable pickup in investor activity and hints that the market may…

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Commercial mortgage-backed securities (CMBS) delinquency rates climbed to 7.03% in April — the highest reading since early 2021. By the numbers: Trepp reports a 38-basis-point increase from March and a nearly 200-basis-point jump year-over-year, bringing the total balance of delinquent loans to $41.9 billion. While 91.62% of loans remain current, early-stage delinquencies and non-performing balloon…

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According to the latest analysis from MSCI, the commercial real estate (CRE) market in 2025 remains under pressure as underwater loans and distressed assets present significant challenges. Loans at Risk Among the $500 billion in CRE loans set to mature this year, 14% are classified as underwater, where the outstanding loan balance exceeds the asset’s…

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