|
Locating Your Business
Search this Site
|
Economic Information
May 2004
AT-PLACE EMPLOYMENT
| At-Place Employment |
Reporting Period |
Current |
Last Period |
Last Year |
Annual Change |
| Employees | 3rd Q 2003 | 150,319 | 149,332 | 153,432 | -2.0% |
| Establishments | 3rd Q 2003 | 6,675 | 6,649 | 6,654 | 0.0% |
| Gross Wages (thousands) | 3rd Q 2003 | $2,168,701 | $2,120,438 | $2,156,472 | 0.1% |
*data excludes enlisted military personnel
Source: Virginia Employment Commission |
LABOR FORCE
| Civilian Labor Force* |
Reporting Period |
Current |
Last Period |
Last Year |
Annual Change |
| Arlington County | Mar 2004 | 118,702 | 118,009 | 115,027 | 3.2% |
| Northern Virginia | Mar 2004 | 1,323,185 | 1,315,137 | 1,282,128 | 3.2% |
| Unemployment Rate |
| Arlington County | Mar 2004 | 1.7% | 1.9% | 2.5% | 0.8 |
| Northern Virginia | Mar 2004 | 2.1% | 2.2% | 2.9% | 0.8 |
pp = percentage points
* readjusted monthly
Source: Virginia Employment Commission |
OFFICE ABSORPTION
| Net Office Absorption* |
Reporting Period |
Current |
Year-To-Date |
Last Year-To-Date |
Annual Change |
| Arlington | 1st Q 2004 | 372,438 | 372,438 | -451,471 | 823,909 |
| Northern Virginia | 1st Q 2004 | 2,029,871 | 2,029,871 | 100,389 | 1,929,482 |
* includes sublet
Source: Cassidy & Pinkard |
VACANCY RATES
| Total Office Vacancy Rate* |
Reporting Period |
Current |
Last Period |
Last Year |
Annual Change |
| Arlington | 1st Q 2004 | 9.2% | 12.8% | 11.5% | 2.3 pp |
| Rosslyn | 1st Q 2004 | 9.3% | 10.7% | 12.5% | 3.2 pp |
| Clarendon/Court House | 1st Q 2004 | 11.5% | 12.1% | 8.7% | 2.8 pp |
| Ballston | 1st Q 2004 | 12.5% | 15.4% | 15.2% | 2.7 pp |
| Virginia Square | 1st Q 2004 | 13.7% | 14.3% | 14.9% | 1.2 pp |
| Crystal City | 1st Q 2004 | 14.1% | 14.9% | 10.8% | 3.3 pp |
| Northern Virginia | 1st Q 2004 | 14.8% | 16.3% | 17.8% | 3.0 pp |
* includes sublet
Source: Cassidy & Pinkard |
HOUSING SALES
| Housing Sales* |
Reporting Period |
Current |
Year-To-Date |
Last Year-To-Date |
Annual Change |
| Single Family Detached | Mar 2004 | 133 | 285 | 290 | -1.7% |
| Single Family Attached | Mar 2004 | 28 | 80 | 70 | 14.3% |
| Condominium | Mar 2004 | 135 | 354 | 330 | 7.3% |
*readjusted monthly
Source: Arlington Real Estate Assessments |
HOUSING PRICES
| Average Housing Prices* |
Reporting Period |
Current |
Last Period |
Last Year |
Annual Change |
| Single Family Detached | Mar 2004 | $571,225 | $561,791 | $491,179 | 16.3% |
| Single Family Attached | Mar 2004 | $557,974 | $527,887 | $495,633 | 12.6% |
| Condominium | Mar 2004 | $304,484 | $285,080 | $250,415 | 21.6% |
* readjusted monthly
Source: Real Estate Assessments |
TOURISM
| Tourism |
Reporting Period |
Current |
Year-To-Date |
Last Year-To-Date |
Annual Change |
| Lodging Sales Receipts | Mar 2004 | $29,675,078 | $70,516,004 | $63,500,376 | 11.0% |
| Hotel Occupancy | Mar 2004 | 80.3% | 66.6% | 61.4% | 5.2 pp |
| Average Daily Room Rate | Mar 2004 | $131.17 | $126.23 | $122.90 | $3.33 |
| Source: Arlington County Commissioner of Revenue & Smith Travel Research |
CONSUMER PRICE INDEX
| At-Place Employment |
Reporting Period |
Current |
Last Period |
Last Year |
Annual Change |
| Washington - Baltimore DC/MD/VA/WVA | Mar 2004 | 118.1 | 117.1 | 115.9 | 1.9% |
| Source: US Bureau of Labor Statistics |
RETAIL SALES
| Taxable Retail Sales |
Reporting Period |
Current |
Last Period |
Last Year |
Annual Change |
| Arlington | 4th Q 2003 | $687,504,184 | $585,832,514 | $613,113,688 | 12.1% |
| Source: Virginia Department of Taxation |
AIR TRANSPORTATION
| Washington National Airport |
Reporting Period |
Current |
Last Period |
Last Year |
Annual Change |
| Total Aircraft Operations | Mar 2004 | 23,138 | 21,159 | 21,612 | 7.1% |
| Total Passengers | Mar 2004 | 1,397,050 | 1,158,646 | 1,206,076 | 15.8% |
| Source: Metropolitan Washington Airports Authority |
|
