Distressed real estate loans include commercial mortgage bank securities (CMBS) in the conduit and SASB universe that are delinquent, in special servicing, or a combination of both.
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Metros with the highest share of distressed office real estate debt in the U.S 2023
Charlotte-Gastonia-Concord, NC-SC, was the metropolitan area with the highest share of distressed office real estate debt in the United States in April 2023. Distressed real estate loans, or the share of debt which was delinquent or in special servicing, amounted to nearly ** percent. The office sector has suffered a dramatic decline in demand since the beginning of the coronavirus pandemic. As the monetary policy tightens and investors become increasingly cautious with lending, many office occupiers downsize, resulting in landlords struggling to find tenants and service their debts.
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CRED iQ. (May 3, 2023). Share of distressed (delinquent and specially serviced) office real estate debt in the United States in April 2023, by metro [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 30, 2026, from /statistics/1389202/share-of-distressed-office-real-estate-by-market/
CRED iQ. "Share of distressed (delinquent and specially serviced) office real estate debt in the United States in April 2023, by metro." Chart. May 3, 2023. ÌÇÐÄÆƽâ°æ. Accessed July 30, 2026. /statistics/1389202/share-of-distressed-office-real-estate-by-market/
CRED iQ. (2023). Share of distressed (delinquent and specially serviced) office real estate debt in the United States in April 2023, by metro. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 30, 2026. /statistics/1389202/share-of-distressed-office-real-estate-by-market/
CRED iQ. "Share of Distressed (Delinquent and Specially Serviced) Office Real Estate Debt in The United States in April 2023, by Metro." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 3 May 2023, /statistics/1389202/share-of-distressed-office-real-estate-by-market/
CRED iQ, Share of distressed (delinquent and specially serviced) office real estate debt in the United States in April 2023, by metro ÌÇÐÄÆƽâ°æ, /statistics/1389202/share-of-distressed-office-real-estate-by-market/ (last visited July 30, 2026)
Share of distressed (delinquent and specially serviced) office real estate debt in the United States in April 2023, by metro [Graph], CRED iQ, May 3, 2023. [Online]. Available: /statistics/1389202/share-of-distressed-office-real-estate-by-market/
