Retail remains the best performing major property type in commercial mortgage backed securities, according to Trepp. The delinquency rate in this sector improved by 26 basis points over August figures. However, over the next few months J.C. Penney's financial situation could weigh on the CMBS and CRE markets.
According to Trepp the retail delinquency rate is now at 6.50%. Standard & Poor’s said for retail CMBS it rates, delinquencies fell by $2.1billion to $9.3billion in September.