Office CMBS Stress Is Rising: What Corporate Tenants Should Do In 2026

Office CMBS delinquencies are projected to rise from 8.4% in 2025 to 10% in 2026, according to Fitch Ratings. That sounds like “capital markets news,” but for corporate tenants it usually shows up in very practical ways: slower landlord responses, more aggressive expense recoveries, deferred building investment, and tougher renewal dynamics. The good news: stress…