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A worldwide Jefferies survey reveals the 3 biggest threats to commercial real estate - Business Insider

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A worldwide Jefferies survey reveals the 3 biggest threats to commercial real estate

The survey asked consumers from the US, UK, China, Japan, France, Italy, Germany, Spain, Hong Kong, India, and Australia a variety of questions on subjects including how long will people be working from home and how responsible companies have acted.

But its not just recreational travel taking a hit. Jefferies predicts that business travel will diminish far beyond 2021. In 2019, around 30% of US travel spending was for business travel, which translates to $334.2 billion in spending and about 2.5 million jobs, Granted, a variety of factors could contribute to this percentage, including areas with dining restrictions.

 

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