Dark | Light
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

![KobeissiLetter Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::3316376038.png) The Kobeissi Letter [@KobeissiLetter](/creator/twitter/KobeissiLetter) on x 946.2K followers
Created: 2025-07-02 16:58:00 UTC

BREAKING: The delinquency rate on Commercial Mortgage-Backed Securities (CMBS) for offices jumped XX basis points in June, to a record 11.1%.

This has now officially surpassed the post-2008 high of XXXX% and the December 2024 peak of 11.0%.

Since the start of 2023, the delinquency rate on CMBS for offices has skyrocketed by XXX percentage points.

Last month, $XXX billion in CMBS office loans fell into delinquency, while $X billion in previously delinquent loans were resolved.

Meanwhile, the overall US CMBS delinquency rate rose X basis points, to 7.13%, the highest in at least X years.

The office sector is beyond bear market territory.

![](https://pbs.twimg.com/media/Gu24mq3WUAAD3fz.jpg)

XXXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1940454925596528859/c:line.svg)

**Related Topics**
[collateralized debt obligations](/topic/collateralized-debt-obligations)

[Post Link](https://x.com/KobeissiLetter/status/1940454925596528859)

[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

KobeissiLetter Avatar The Kobeissi Letter @KobeissiLetter on x 946.2K followers Created: 2025-07-02 16:58:00 UTC

BREAKING: The delinquency rate on Commercial Mortgage-Backed Securities (CMBS) for offices jumped XX basis points in June, to a record 11.1%.

This has now officially surpassed the post-2008 high of XXXX% and the December 2024 peak of 11.0%.

Since the start of 2023, the delinquency rate on CMBS for offices has skyrocketed by XXX percentage points.

Last month, $XXX billion in CMBS office loans fell into delinquency, while $X billion in previously delinquent loans were resolved.

Meanwhile, the overall US CMBS delinquency rate rose X basis points, to 7.13%, the highest in at least X years.

The office sector is beyond bear market territory.

XXXXXXX engagements

Engagements Line Chart

Related Topics collateralized debt obligations

Post Link

post/tweet::1940454925596528859
/post/tweet::1940454925596528859