Brief
CMBS Distress Rate Climbs to 12.07% in March
The overall distress rate for commercial mortgage-backed securities (CMBS) reached 12.07 percent in March 2026, according to CRED iQ data — the highest reading since the firm began tracking conduit lo
Summary
The overall distress rate for commercial mortgage-backed securities (CMBS) reached 12.
07 percent in March 2026, according to CRED iQ data — the highest reading since the firm began tracking conduit loan performance.
Delinquencies rose to 9.6 percent, also a cycle peak, while the specially serviced rate climbed to 11.32 percent. For investors, lenders, and brokers […]
Source
- Commercial Observercommercialobserver.com

