2024 Special Servicing Rates
Trepp’s latest report on where this key indicator is headed.
The post 2024 Special Servicing Rates appeared first on Commercial Property Executive.
Source: Trepp
The Trepp CMBS Special Servicing Rate jumped up to 7.31 percent in March, rising 17 basis points from the month before. This now marks the fifth straight month of inclines, over which time the rate has increased over 50 basis points.
Into property type specifics, there were mostly modest increases across the board, aside from lodging properties, which jumped 48 basis points from February. Retail’s two basis point decline was the only monthly decrease, though the industrial rate remained unchanged. Office sustained a 27-basis point increase to reach 10.30 pervent, again topping the 10-year high it hit last month.
—Posted on April 30, 2024
The post 2024 Special Servicing Rates appeared first on Commercial Property Executive.
