22 votes

The delinquency rate of US Commercial Mortgage-Backed Securities (CMBS) backed by office properties jumped to 4.5% by loan balance in June

7 comments

  1. boxer_dogs_dance
    Link
    This current six-month 2.9-percentage-point spike from 1.6% to 4.5% is the fastest six-month spike in Trepp’s data going back to 2000.

    This current six-month 2.9-percentage-point spike from 1.6% to 4.5% is the fastest six-month spike in Trepp’s data going back to 2000.

    6 votes
  2. [3]
    dhcrazy333
    Link
    My company recently announced that all employees within 50 miles of their major city offices are now going to be required back in the office starting in September. I bet that is in no way related...

    My company recently announced that all employees within 50 miles of their major city offices are now going to be required back in the office starting in September.

    I bet that is in no way related to this....

    5 votes
    1. [2]
      MimicSquid
      Link Parent
      So what I'm hearing is that you need to move a bit further away?

      So what I'm hearing is that you need to move a bit further away?

      3 votes
      1. dhcrazy333
        Link Parent
        No joke, someone in our work place discussion forum asked if there was any plans to expand the 50 mile radius so they know how far they need to move haha

        No joke, someone in our work place discussion forum asked if there was any plans to expand the 50 mile radius so they know how far they need to move haha

        2 votes
  3. [3]
    MimicSquid
    Link
    So, who wants to go in on an office building with me, extra cheap? With all the abandoned office furniture it would make for an urban paintball course with a ton of built in pr.

    So, who wants to go in on an office building with me, extra cheap?

    With all the abandoned office furniture it would make for an urban paintball course with a ton of built in pr.

    4 votes
    1. Eji1700
      Link Parent
      I am curious to see what they do. Escape rooms blew up in part because they're great tenants for old industrial spaces that otherwise sit unused. I wouldn't be shocked to see the same thing happen...

      I am curious to see what they do. Escape rooms blew up in part because they're great tenants for old industrial spaces that otherwise sit unused. I wouldn't be shocked to see the same thing happen here.

      5 votes
    2. Ember
      Link Parent
      Only if the building has a fish tank.

      Only if the building has a fish tank.

      1 vote