Hospitality | Industrial | Interest Rates | Multi-Tenant | Multifamily | Office | Retail
Office and Retail Drive Overall CMBS Default Rate Higher
Office and retail CMBS loan defaults drove the overall default rate higher in 2023, Fitch Ratings said Tuesday. The total annual and cumulative U.S. CMBS loan default rates for 2023 increased to 0.9% and 18.5%, respectively, from 0.3% and 17.9%…