Greater Washington’s economy may be entering a period of deep uncertainty following months of what one expert deemed “relative stability.”
That’s the latest finding from CBRE’s REVIVE Regional Vibrancy Index charting the D.C. area’s economic strengths and weaknesses in the wake of a pandemic that changed the 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. The index in June fell 0.4% from the previous month to 69.8 out of 100, continuing a monthslong flatline trend in the data set.
The data lags by about a month, meaning it would not reflect this week’s stock market roller coaster.
While markets rebounded a bit following Monday’s 1,033-point slip, the sudden drop caused Ian Anderson, CBRE’s senior director of research and analysis, to re-evaluate his prior assumptions on the trajectory…
Read the full story from the Washington Business Journal.
