Trepp headquarters at 477 Madison Ave. Trepp headquarters in New York City; the firm says strong CMBS issuance in the second half of 2017 has put downward pressure on late-pays.

NEW YORK CITY—CMBS delinquencies declined again in January, marking the seventh consecutive month of improvement, Trepp LLC said Wednesday. The delinquency rate for US securitized commercial mortgages is now 4.83%, a decrease of six basis points from December and 35 bps from a year ago.