A line and bar chart showing commercial real estate (CRE) loan charge-offs and delinquencies and the office vacancy rate from 1991 through first quarter 2003. In 1991, the office vacancy rate was 19 percent; commercial real estate loan delinquencies were at 12 percent and charge-offs were at 2 percent. By 2000, the office vacancy rate had declined to 8 percent ; CRE delinquencies were at 1.8 percent and charge-offs were close to zero. By first quarter 2003, the office vacancy rate had increased to 16.5 percent, but delinquencies were only at 1.9 percent and charge-offs still close to zero.