Office loans in CMBS

Public CMBS trusts hold 1,840 office loans with $76.1B outstanding. 11.7% of that balance is with a special servicer and 7.8% is delinquent. The median loan reports 1.96x debt service coverage today against 2.03x when it was underwritten, and 93% occupancy against 95%.

When office loans mature

Outstanding office CMBS balance by year of maturity. Vermilion marks the share that is delinquent or with the special servicer. Data as of the 2026-10 servicer reports.
Maturity wall table
MaturityLoansBalanceSpecial servicingDelinquent
Past due 23 $1.2B $1.2B $839.1M
2026 53 $2.2B $972.8M $732.1M
2027 273 $12.2B $2.7B $1.3B
2028 345 $13.0B $1.9B $1.1B
2029 400 $17.5B $1.3B $1.1B
2030 238 $10.0B $261.9M $229.6M
2031 285 $9.9B $445.2M $430.1M
Later 223 $10.2B $310.6M $260.6M

Where they are

Delinquent or with the special servicer

The 150 largest of 185.

Property Location Balance Rate Matures DSCR Occ. Status
One SoHo Square New York, NY $469.0M 2.725% Aug 2028 1.78x 85% With the special servicer
Lafayette Centre Washington, DC $243.0M 4.246% Mar 2027 n/a n/a With the special servicer
85 Broad Street New York, NY $241.0M 3.693% Jun 2027 2.28x 62% With the special servicer
Worldwide Plaza New York, NY $235.0M 3.605% Nov 2027 1.49x 62% With the special servicer and 90+ days delinquent
First Stamford Place Stamford, CT $164.0M 4.088% Jul 2027 1.96x 80% With the special servicer
Park Square Boston, MA $160.0M 4.146% Nov 2027 0.57x 40% With the special servicer and 90+ days delinquent
U.S. Steel Tower Pittsburgh, PA $160.0M 3.683% Jun 2026 n/a n/a Past maturity and not performing
1100 First Street NE Washington, DC $146.0M 3.002% Oct 2031 n/a n/a With the special servicer and 30-59 days delinquent
225 Bush Street San Francisco, CA $138.6M 3.303% Nov 2024 n/a n/a Past maturity and not performing
GSK R&D Centre Rockville, MD $138.0M 3.945% Jan 2027 7.84x 100% With the special servicer
Aon Center Chicago, IL $136.0M 4.627% Jul 2026 4.11x 66% Past maturity and not performing
4th & Battery Seattle, WA $135.0M 4.378% Jun 2029 n/a n/a With the special servicer and 90+ days delinquent
90 Hudson Jersey City, NJ $130.0M 4.14% Nov 2027 0.31x 38% With the special servicer and 90+ days delinquent
Riverfront Plaza Richmond, VA $129.2M 5.066% May 2028 n/a n/a With the special servicer and 90+ days delinquent
1000 Wilshire Los Angeles, CA $128.4M 3.377% Mar 2025 2.98x 65% With the special servicer
188 Spear Street San Francisco, CA $125.0M 3.57% Jun 2029 3.57x 97% With the special servicer
250 Livingston Street Brooklyn, NY $125.0M 3.63% Jun 2029 n/a n/a With the special servicer and 90+ days delinquent
111 Livingston Street Brooklyn, NY $120.0M 4.73% Jan 2027 n/a n/a With the special servicer
Riverway Rosemont, IL $114.6M 4.96% Dec 2026 n/a n/a With the special servicer and 90+ days delinquent
16 Court Street Brooklyn, NY $111.0M 4.171% Nov 2027 1.25x 70% With the special servicer and 90+ days delinquent
The Colonnade Office Complex Addison, TX $105.0M 4.568% Feb 2024 n/a n/a Past maturity and not performing
D.C. Office Portfolio DC $103.0M 4.758% Mar 2027 0.97x 61% With the special servicer
1384 Broadway New York, NY $88.0M 4.84% Jan 2027 0.97x 78% With the special servicer
North Point Tower Cleveland Hts, OH $86.4M 3.30% Sep 2024 n/a n/a With the special servicer
Westbrook Corporate Center Westchester, IL $86.4M 4.86% Jun 2028 1.30x 68% With the special servicer and 90+ days delinquent
1166 Avenue of the Americas New York, NY $85.0M 5.279% Feb 2027 -0.25x 36% With the special servicer and 90+ days delinquent
Continental Towers Rolling Meadows, IL $84.5M 4.75% Sep 2028 0.31x 53% With the special servicer and 90+ days delinquent
181 West Madison Street Chicago, IL $84.4M 3.90% Dec 2026 n/a n/a With the special servicer
6625 78th Street West Bloomington, MN $80.0M 5.372% Jul 2025 1.39x 72% Past maturity and not performing
Central Park of Lisle Lisle, IL $79.5M 4.354% Jan 2023 2.65x 58% Past maturity and not performing
Colonnade Corporate Center Birmingham, AL $79.5M 4.55% Jul 2031 n/a n/a With the special servicer and 90+ days delinquent
315-325 W 36th Street New York, NY $77.0M 4.505% Mar 2028 -0.74x 2% With the special servicer and 90+ days delinquent
Bravern Office Commons Bellevue, WA $75.0M 3.203% Jan 2027 3.54x 100% With the special servicer and 90+ days delinquent
214-224 West 29th Street New York, NY $74.0M 4.233% Jul 2029 -0.92x 5% With the special servicer and 90+ days delinquent
Regions Tower Indianapolis, IN $73.0M 4.897% Oct 2023 n/a n/a Past maturity and not performing
55 Prospect Street, Brooklyn (2026 maturity) Brooklyn, NY $72.9M 4.05% Sep 2026 n/a n/a With the special servicer
Meridian Corporate Center NC $71.8M 4.575% Apr 2028 1.37x 67% With the special servicer
Braddock Metro Center Alexandria, VA $71.6M 4.57% Feb 2028 1.01x 81% With the special servicer and 90+ days delinquent
26 Broadway New York, NY $67.8M 4.91% Feb 2032 n/a n/a With the special servicer and 60-89 days delinquent
29903 Agoura Property Agoura, CA $67.2M 4.193% Feb 2030 n/a n/a With the special servicer and 90+ days delinquent
260 & 270 Peachtree Street Atlanta, GA $65.2M 3.80% Mar 2030 n/a n/a With the special servicer and 90+ days delinquent
13785 Research Boulevard Austin, TX $65.0M 5.215% Mar 2028 n/a n/a With the special servicer and 90+ days delinquent
Unizo Four for 1100 First Street Washington, DC $65.0M 3.002% Oct 2031 n/a n/a With the special servicer and 90+ days delinquent
DUMBO Heights Portfolio NY $63.8M 4.05% Sep 2026 2.95x 75% Past maturity and not performing
Central Tower San Francisco, CA $63.7M 4.06% May 2029 1.11x 34% With the special servicer and 90+ days delinquent
200 Park Avenue Florham Park, NJ $62.5M 5.082% Feb 2028 n/a n/a With the special servicer
55 Hawthorne San Francisco, CA $61.5M 4.123% Jan 2027 -0.77x 24% With the special servicer and 90+ days delinquent
Bank of America Center, Richmond Richmond, VA $60.5M 5.03% Jul 2028 1.77x 79% With the special servicer
Industry RiNo Station Denver, CO $60.0M 5.205% Apr 2032 0.50x 50% With the special servicer and 90+ days delinquent
Dominion Tower Norfolk, VA $57.2M 5.29% Jan 2029 1.49x 65% With the special servicer
1000 Denny Way Seattle, WA $56.0M 5.107% Feb 2027 1.69x 57% With the special servicer
Brass Professional Center San Antonio, TX $56.0M 4.75% Aug 2030 0.78x 48% With the special servicer and 90+ days delinquent
57 East 11th Street New York, NY $55.0M 4.83% May 2029 -0.38x n/a With the special servicer and 60-89 days delinquent
1140 Avenue of the Americas New York, NY $54.0M 4.109% Jul 2026 -0.90x 74% Past maturity and not performing
12655 West Jefferson Blvd Playa Vista, CA $54.0M 3.925% Oct 2029 n/a n/a With the special servicer
Pin Oak North Medical Office Bellaire, TX $53.6M 4.647% Feb 2028 0.85x 66% With the special servicer and 90+ days delinquent
445 South Street Morristown, NJ $53.6M 4.15% Jul 2029 0.46x 44% With the special servicer and 90+ days delinquent
Time Square Office Renton Renton, WA $53.5M 5.002% Oct 2028 0.39x 46% With the special servicer and 90+ days delinquent
110 Allen Road Basking Ridge, NJ $51.7M 3.65% Sep 2031 n/a n/a With the special servicer and 90+ days delinquent
Park Place East Minneapolis, MN $51.0M 4.62% Feb 2028 n/a n/a With the special servicer and 90+ days delinquent
Ebay North First Commons San Jose, CA $51.0M 2.638% Mar 2026 2.48x 100% Past maturity and not performing
2U Headquarters Lanham, MD $50.6M 4.45% Nov 2027 -0.44x n/a With the special servicer and 90+ days delinquent
625 North Michigan Avenue Chicago, IL $50.6M 4.63% Mar 2026 1.33x 64% Past maturity and not performing
One Cleveland Center Cleveland, OH $49.9M 5.30% Nov 2027 1.11x 69% With the special servicer
600 Vine Cincinnati, OH $47.5M 4.202% Sep 2027 1.07x 70% With the special servicer and 90+ days delinquent
One California Plaza Los Angeles, CA $46.3M 3.80% Nov 2024 1.55x 73% With the special servicer
Hamilton Crossing, Carmel Carmel, IN $45.7M 4.92% Feb 2027 1.36x 66% With the special servicer
Plymouth Corporate Center Plymouth, MN $45.7M 4.99% Jan 2029 1.67x 91% With the special servicer and 90+ days delinquent
Constitution Plaza Hartford, CT $45.0M 5.99% May 2023 0.57x 73% Past maturity and not performing
Midland Office Portfolio TX $43.5M 4.05% Sep 2029 0.66x 65% With the special servicer and 90+ days delinquent
Dulaney Center Towson, MD $43.1M 4.773% May 2028 1.27x 66% With the special servicer and 30-59 days delinquent
500 Charles Ewing Boulevard (Project Olympic - Ewing) Ewing, NJ $42.7M 8.272% Jul 2028 n/a n/a With the special servicer
Cross Island Plaza Rosedale, NY $42.5M 6.605% May 2033 n/a n/a With the special servicer
Cambridge Corporate Center Charlotte, NC $42.0M 5.49% Nov 2028 0.77x 59% With the special servicer and 30-59 days delinquent
Selig Office 2014 - 2101 Fourth Avenue Seattle, WA $40.9M 5.155% May 2024 n/a n/a Past maturity and not performing
Parkway Center Pittsburgh, PA $40.5M 5.10% Jun 2028 0.30x n/a With the special servicer and 90+ days delinquent
6625 78th Street West (Workspace 147 prop port) Bloomington, MN $40.0M 5.372% Jul 2025 n/a n/a Past maturity and not performing
Reston Eastpointe Reston, VA $38.0M 4.20% Dec 2023 n/a n/a Past maturity and not performing
Ditson Building New York, NY $37.5M 5.43% Aug 2028 0.03x 28% With the special servicer and 90+ days delinquent
Bridgewater Place Grand Rapids, MI $37.3M 3.89% Sep 2025 n/a n/a Past maturity and not performing
4041 Central Phoenix, AZ $36.7M 3.66% Oct 2029 1.90x 71% Delinquent
Grant Building Pittsburgh, PA $36.3M 4.70% Aug 2027 1.08x 71% With the special servicer and 90+ days delinquent
Center 78 Warren, NJ $35.9M 4.643% Aug 2027 0.96x 65% With the special servicer and 90+ days delinquent
Summit Place West Allis, WI $35.5M 4.89% Dec 2026 n/a n/a With the special servicer
225 Bush San Francisco, CA $35.0M 3.303% Nov 2024 1.20x 43% Past maturity and not performing
Silver Spring Plaza Silver Spring, MD $35.0M 4.90% Jul 2026 1.26x 58% Past maturity and not performing
22 W 38th Street New York, NY $34.8M 5.05% Mar 2028 -0.66x n/a With the special servicer and 90+ days delinquent
Central Tower Office San Francisco, CA $34.3M 4.06% May 2029 n/a n/a With the special servicer and 90+ days delinquent
1000 Second Avenue Seattle, WA $34.1M 3.222% Apr 2025 n/a n/a With the special servicer
Harvard Park Sacramento, CA $34.0M 4.53% Oct 2028 0.26x 25% With the special servicer and 90+ days delinquent
75 Broad Street New York, NY $33.0M 4.077% Apr 2027 0.95x 66% With the special servicer
Southpoint Office Center Bloomington, MN $32.7M 4.305% Feb 2028 1.41x 58% With the special servicer
Valley Creek Corporate Center Exton, PA $31.6M 4.30% Jun 2027 1.18x 49% With the special servicer
Us Bank Centre Cleveland, OH $31.5M 5.044% Jan 2029 0.94x 74% With the special servicer and 90+ days delinquent
16 East 40th Street New York, NY $31.5M 4.50% Jan 2027 n/a n/a With the special servicer and 90+ days delinquent
Midtown Central Square Houston, TX $30.7M 5.08% Mar 2032 1.83x 78% With the special servicer and 30-59 days delinquent
300 North Greene Greensboro, NC $29.4M 5.771% Dec 2028 0.48x 64% With the special servicer and 90+ days delinquent
St. Lukes Office Allentown, PA $29.0M 4.69% May 2027 1.48x 73% With the special servicer
Raddon Union Heights Sandy, UT $28.7M 3.75% Sep 2029 0.49x 42% With the special servicer and 60-89 days delinquent
3300 Renner Richardson, TX $28.6M 4.04% Aug 2029 3.36x 100% With the special servicer and 30-59 days delinquent
Summit Place Wisconsin West Allis, WI $28.4M 4.89% Dec 2026 1.09x 71% With the special servicer
Gateway Center Charlotte, NC $28.4M 4.95% Apr 2029 -0.54x 9% With the special servicer and 90+ days delinquent
Chase Tower Charleston, WV $28.2M 3.657% Jul 2031 n/a n/a With the special servicer and 90+ days delinquent
184 Liberty Corner Road Warren, NJ $28.0M 4.643% Aug 2027 n/a n/a With the special servicer and 90+ days delinquent
One Presidential Bala Cynwyd, PA $27.7M 5.08% Jul 2026 0.52x 85% Past maturity and not performing
Meidinger Tower Louisville, KY $27.6M 4.52% Jul 2029 -0.87x 20% With the special servicer and 90+ days delinquent
55 Prospect Street, Brooklyn (2023 maturity) Brooklyn, NY $27.3M 4.05% Sep 2023 n/a n/a With the special servicer
401 & 395 North Executive Drive Brookfield, WI $27.0M 3.89% Aug 2029 n/a n/a Delinquent
Sugar Creek Center Sugar Land, TX $26.6M 4.69% Jun 2029 0.59x 70% With the special servicer and 90+ days delinquent
Landmark Corporate Center Greenwood Village, CO $25.4M 4.25% Aug 2030 1.42x 51% With the special servicer and 90+ days delinquent
Detroit Office Portfolio MI $25.2M 3.50% Apr 2031 0.17x 59% With the special servicer and 90+ days delinquent
444 West Ocean Long Beach, CA $25.2M 4.18% Sep 2027 1.05x 73% With the special servicer and 90+ days delinquent
Salina Meadows Office Park Syracuse, NY $25.0M 5.02% Mar 2032 n/a n/a With the special servicer and 90+ days delinquent
Key Center Cleveland, OH $25.0M 5.31% Feb 2027 1.85x 89% With the special servicer and 30-59 days delinquent
United Healthcare Office Las Vegas, NV $24.8M 4.979% Oct 2025 1.24x 100% Past maturity and not performing
Summit at Southpoint Jacksonville, FL $24.7M 3.587% Oct 2031 0.96x 76% With the special servicer and 30-59 days delinquent
45 Liberty Boulevard Malvern, PA $24.5M 3.57% Jan 2032 3.29x 100% With the special servicer and 90+ days delinquent
3800 Hamlin Auburn Hills, MI $24.0M 3.218% Nov 2026 4.07x 100% With the special servicer
1600 Terrell Mill Road Marietta, GA $24.0M 5.33% Dec 2028 0.60x 59% With the special servicer and 90+ days delinquent
One American Place Baton Rouge, LA $23.7M 5.342% Sep 2023 1.51x 74% Past maturity and not performing
Cahuenga West Office Building Los Angeles, CA $23.7M 4.77% Feb 2027 0.61x 56% With the special servicer and 90+ days delinquent
Woodland Falls Cherry Hill, NJ $23.3M 3.45% Dec 2029 2.44x 77% With the special servicer and 90+ days delinquent
Carlton Plaza Woodland Hills, CA $22.5M 4.496% Oct 2028 1.25x 71% With the special servicer and 90+ days delinquent
Gateway Plaza, Santa Clarita Santa Clarita, CA $22.0M 4.39% Dec 2027 0.98x 77% With the special servicer
River Forest Medical Offices River Forest, IL $22.0M 8.65% Oct 2033 n/a n/a With the special servicer and 90+ days delinquent
Mill Creek Office Park Frankfort, KY $21.8M 5.15% Feb 2029 n/a n/a With the special servicer and 90+ days delinquent
Sap Building Palo Alto, CA $21.2M 6.583% Mar 2027 -0.17x n/a With the special servicer and 90+ days delinquent
4201 Connecticut Avenue Northwest Washington, DC $21.0M 4.70% May 2029 n/a n/a With the special servicer and 90+ days delinquent
Long Lake Crossing Troy, MI $21.0M 6.11% Mar 2027 1.07x 79% With the special servicer and 90+ days delinquent
1 Penn Center West Pittsburgh, PA $20.5M 4.91% Feb 2023 n/a n/a Past maturity and not performing
1600 Corporate Center Rolling Meadows, IL $20.2M 4.45% Oct 2027 0.46x 36% With the special servicer and 90+ days delinquent
Comcast Tucson Tucson, AZ $19.6M 4.85% Jun 2029 n/a n/a With the special servicer and 30-59 days delinquent
Copeland Tower And Stadium Place Arlington, TX $19.3M 4.97% Jul 2028 n/a n/a With the special servicer and 90+ days delinquent
Younique HQ Building Lehi, UT $18.8M 4.48% Jul 2027 2.00x 100% Delinquent
United Healthcare Building - Las Vegas Las Vegas, NV $18.5M 4.979% Oct 2025 n/a n/a Past maturity and not performing
166 Geary Street San Francisco, CA $18.4M 5.00% Mar 2029 0.77x 62% With the special servicer and 90+ days delinquent
Cherry Tower Denver, CO $18.2M 4.835% Sep 2028 1.26x 63% With the special servicer
Permian Basin Office Midland, TX $17.6M 4.05% Sep 2029 n/a n/a With the special servicer and 90+ days delinquent
OakBrook Terrace Oakbrook Terrace, IL $17.2M 4.23% Jul 2029 n/a n/a With the special servicer and 90+ days delinquent
The IMG Building Cleveland, OH $16.7M 5.382% Mar 2028 n/a n/a With the special servicer and 90+ days delinquent
604 Mission Street San Francisco, CA $16.6M 4.967% Jan 2027 n/a n/a With the special servicer and 90+ days delinquent
8800 Baymeadows Jacksonville, FL $16.5M 4.978% Aug 2026 0.97x 46% Past maturity and not performing
Shea Center II Highlands Ranch, CO $16.4M 4.92% Jan 2026 n/a n/a Past maturity and not performing
Deerbrook Medical Center Humble, TX $16.3M 7.31% Jun 2033 n/a n/a With the special servicer and 90+ days delinquent
Peninsula Town Center, Hampton (2030 maturity) Hampton, VA $16.2M 4.25% Jul 2030 n/a n/a With the special servicer
Arbor Ridge Malvern, PA $16.1M 4.312% Nov 2023 n/a n/a Past maturity and not performing
Four Research Drive Shelton, CT $16.0M 4.20% Jan 2030 n/a n/a With the special servicer
Meridian One Colorado Englewood, CO $15.9M 3.91% Jan 2030 -0.74x 16% With the special servicer and 90+ days delinquent
Merge Office Westminster, CA $15.6M 4.93% Jan 2029 1.44x 64% With the special servicer and 90+ days delinquent
701 East 22nd Street Lombard, IL $15.2M 5.00% Nov 2024 2.13x 54% Past maturity and not performing

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