Greater Washington’s economic outlook at standstill with ‘frozen’ commercial real estate

The economic outlook for Greater Washington continues to show a region locked in stasis by a chilled commercial real estate market. At the same time, a handful of data points offer a glimpse of hope for the near future. 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.