CMBS Distress Rate Jumps to 11.86% in May as Office Pain Deepens and April Dip Evaporates

A one-month improvement in April proved fleeting as CRED iQ's combined CMBS distress rate snapped back to 11.86 percent in May 2026, with special servicing, delinquency and office stress all climbing in tandem and resolution activity still failing to keep pace with new transfers. The brief reprieve commercial real estate lenders enjoyed in April is […]