Greater Washington’s economy has strengthened in the past year, which may serve as a quasi-shield as the shock of the Trump administration’s mass layoffs, lease cancellations and payment freezes hit home for federal employees and government contractors.
That’s according to the latest updates to CBRE’s REVIVE Regional Vibrancy Index, which rose 2.5% from the previous month to 73.4 out of 100. It is now 11.5% higher than when it was launched a year ago. The data lags by more than a month.
“Going with a little bit of an optimistic scenario, considering some of the challenges we’re facing, some of that positive momentum can help cushion or buffer against some of the significant challenges we’re going through right now,” Ian Anderson, CBRE’s senior director of research and analysis, said of the latest results.
CBRE (NYSE: CBRE) and the Washington Business Journal began partnering to produce the monthly index in early 2024, tracking changes to the region’s economy following the pandemic.
Anderson…
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