Office CMBS Delinquency Rate Re-Spikes to 10.6%, to Worst Levels of the Financial Crisis Meltdown

It’s the older office towers that get in trouble amid a flight to quality. By Wolf Richter for WOLF STREET. The delinquency rate of office mortgages that have been securitized into commercial mortgage-backed securities (CMBS) re-spiked by 83 basis points in May and April and at the end of May…