Are commercial mortgage backed securities riskier today than they were before the pandemic, especially for Class B office buildings with high vacancy?
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Fan-out diagram
The searches the AI actually ran for this prompt.
SEED QUERY
Are commercial mortgage backed securities riskier today than they were before the pandemic, especially for Class B office buildings with high vacancy?
3 real searches · 1 real-search pass
2026 2025 CMBS office delinquency rate special servicing office loans Trepp October 2026Google ↗
OBSERVEDConsequence
CMBS office delinquency rate 2019 pre pandemic comparison 2026 office vacancy refinancing riskGoogle ↗
OBSERVEDComparison
Federal Reserve commercial real estate office property values vacancy refinancing CMBS risk 2025 2026Google ↗
OBSERVEDReason
Badge and edge weight = share of passes that produced the query. Hover a query for its intent and routing format.
Query classes
Google's semantic query class for every sub-query: what kind of answer each search is after, simulated vs real.
ChatGPT real searches (3)
Classes come from the query-classifier (a local Laya model). 3 of 3 calls are low-confidence (under 50%) — hover a query in the table to see its confidence.
Searches and sources
ChatGPT3 real searches · gpt-6
2026 2025 CMBS office delinquency rate special servicing office loans Trepp October 2026 Google ↗
CMBS office delinquency rate 2019 pre pandemic comparison 2026 office vacancy refinancing risk Google ↗
Federal Reserve commercial real estate office property values vacancy refinancing CMBS risk 2025 2026 Google ↗
- CREFC's September 2026 Monthly CMBS Loan Performance Report · crefc.org
- CMBS: A tale of two (office) markets? · janushenderson.com
- The Office Sector’s Double Whammy · moodyscre.com
- Calm Markets and Underlying Risks: Highlights from the OFR’s 2025 Annual Report · financialresearch.gov
- The Q3 2026 Quarterly Data Review: Momentum Meets Resistance in CRE · trepp.com
- Financial Stability Report, May 2026 · federalreserve.gov
Queries
3 queries · click a column to sort
| Query / type | Search | Intent | Query class | Routing format | Cluster | Freq ↓ | Weight |
|---|---|---|---|---|---|---|---|
2026 2025 CMBS office delinquency rate special servicing office loans Trepp October 2026 OBSERVED | Google ↗ AI Mode ↗ | — | Consequence | — | — | 1x of 1 | |
CMBS office delinquency rate 2019 pre pandemic comparison 2026 office vacancy refinancing risk OBSERVED | Google ↗ AI Mode ↗ | — | Comparison | — | — | 1x of 1 | |
Federal Reserve commercial real estate office property values vacancy refinancing CMBS risk 2025 2026 OBSERVED | Google ↗ AI Mode ↗ | — | Reason | — | — | 1x of 1 |