The commercial real estate sector’s continued challenges could potentially impact US banks. Franklin Templeton Fixed Income’s Shawn Lyons discusses the ongoing commercial real estate crisis and how US banks are safeguarding themselves against these issues. Lower-than-expected Return to Office (RTO) dynamics and declining CRE valuations have captured headlines over the past several months with tales of barren city centers. There are reports of wastelands full of empty offices and storefronts that have been beset by increasing crime rates, creating a “doom loop” where property prices continue to fall unchecked.