Trepp, a leading provider of real estate data, reported that the overall delinquency rate for U.S. commercial mortgage-backed securities (30 days or more delinquent) stood at 7.87% in October 2026, up from 7.46% a year earlier. For comparison, the peak was 10.34%, reached in July 2012. At 12.33%, the office sector had the highest delinquency rate in October, followed by multifamily (8.09%) and retail (7.21%).