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Here's another sign the Florida commercial real estate market is improving: the ratio of delinquent loans on commercial banks' books is falling, according to a recent analysis by SNL.
The median delinquency rate on commercial real estate loans in Florida is now 4.86%, much lower than Georgia (9.42%) and North Carolina (6.16%).
Nationally, U.S. commercial banks reported a 14-quarter low delinquency rate of 5.28% on commercial real estate loans as of June 30. The ratio of bad commercial real estate loans is now half of its 10.76% peak nine quarters ago.
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