The delinquency rate for office mortgages securitized into commercial mortgage-backed securities (CMBS) has surged to 11.1% in June 2025, marking a new and ominous record in the post-pandemic economy. This figure now surpasses the previous Financial Crisis peak and even outpaces the December 2024 spike, drawing a grim comparison between today’s real estate unraveling and the subprime mortgage disaster of 2008. Unlike the slow, systemic collapse that unfolded over several years leading up to the Great Recession, today’s crisis has been accelerated by tectonic . . .
To read the article Subscribe today!
