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- Delinquency rates on loans backed by office properties jumped to 6.5% in the fourth quarter, an MBA survey found.
- Out of all the commercial real estate loan delinquency rates tracked by the survey, office loans led the pack.
- "Many properties and loans still face higher rates, uncertainty about property values and – for some properties – changes in fundamentals."
Financial troubles continue to plague the office market, which led an increase in commercial real estate loan delinquency rates.
A recent survey from the Mortgage Bankers Association found missed payments on loans backed by office properties jumped to 6.5% of balances at the end of the fourth quarter, up from 5.1% in the prior quarter.