The latest data from the CBRE Group Inc. composite index shows Greater Washington at the lowest point of economic vibrancy since 2020, owing largely to factors at the federal level, including elevated interest rates that continue to weigh on real estate.
But don’t break out the sackcloth and ashes quite yet.
“We’re not at a very good point,” but “we do see this getting better,” Ian Anderson, CBRE’s senior director of research and analysis, told me in an interview. “We don’t feel like we’re on a particularly downward trend” over the long haul.
Economic activity for the region in aggregate should pick up, perhaps by this summer, he said.
CBRE’s REVIVE Regional Vibrancy Index a partnership with the Washington Business Journal launched in January, aims to quantify the D.C. region’s overall economic strength. It’s a proprietary blend of numerous weighted variables, including construction starts, rents, hiring rates, stock valuations of regionally based Fortune 500 companies,…
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