Greater Washington’s economy is showing glimmers of improvement across several key data points.
Apartments are filling up, visitors are going out and a record number of residents are employed.
Those are the latest findings 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 July slightly increased for the first time in a few months, rising 0.6% from the previous month to 70.3 out of 100. The data lags by about a month.
The most recent index, however, still sits 5.9% below where it was a year ago in July 2023. (Note: This dashboard updates automatically, so it may reflect more recent data, as well as recalibrated past data, compared to what’s…
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