The economic outlook for Greater Washington is not as bleak as we’ve seen so far this year. You might say it’s finally looking greener.
That’s the latest finding from CBRE Group Inc.’s REVIVE Regional Vibrancy Index charting the D.C. area’s economic strengths and weaknesses in the wake of a pandemic the changed the very core of how the region operates, from the shift to hybrid work to the evolution in how people get around.
CBRE (NYSE: CBRE) and the Washington Business Journal are partnering to produce the monthly index, tracking changes throughout 2024.
Thanks largely to the tourism industry and hiring, the REVIVE index posted its first month of positive growth so far this year. The index rose a modest 0.3% in March from the previous month to 63.7 out of 100. The data lags by about a month.
CBRE’s researchers comb through thousands of data points on the state of labor, innovation, commercial real estate, residential real estate, political inertia, confidence and investor sentiment…
Read the full story from the Washington Business Journal.
