Arlington • Virginia • USA			Economic Indicators

APRIL 2002

LABOR FORCE

Labor Force*	Reporting Period	Current	Last Period	Last Year	Annual Change
Civilian Labor Force Arlington County Northern Virginia Unemployment Rate Arlington County Northern Virginia	~ Feb  2002 Feb  2002 ~ Feb  2002 Feb  2002	~ 115,387 1,264,619 ~ 2.9% 3.1%	~ 115,005 1,258,897 ~ 3.2% 3.3%	~ 112,543 1,231,937 ~ 1.3% 1.4%	~ 2.5% 2.7% ~ 1.6pp 1.7pp

Source: Virginia Employment Commission *readjusted monthly pp = percentage points

NET OFFICE ABSORPTION

Net Office Absorption	Reporting Period	Current	Year-to-Date	Last Year-to-Date	Annual Change
Arlington Northern Virginia	1st Q 2002 1st Q 2002	215,871 137,116	215,871 137,116	18,055 926,815	197,816 789,699

Source: CoStar Group, Inc.

VACANCY RATES

Direct Office Vacancy Rate	Reporting Period	Current	Last Period	Last Year	Annual Change
Arlington Rosslyn Clarendon/Courthouse Ballston Virginia Square Crystal City Northern Virginia	1st Q 2002 1st Q 2002 1st Q 2002 1st Q 2002 1st Q 2002 1st Q 2002 1st Q 2002	10.2% 9.5% 3.8% 9.3% 11.6% 17.3% 10.7%	8.9% 10.1% 2.7% 5.9% 11.6% 14.5% 9.0%	6.0% 3.3% 1.7% 4.1% 0.9% 14.3% 6.4%	4.2 pp 6.2 pp 2.1 pp 5.2 pp 10.7 pp 3.0 pp 4.3 pp

Source: CoStar Group, Inc. pp=percentage points

HOUSING SALES

Housing Sales*	Reporting Period	Current	Year-to-Date	Last Year-to-Date	Annual Change
Single Family Detached Single Family Attached Condominium	Feb 2002 Feb 2002 Feb 2002	94 22 102	187 47 197	164 40 177	14.0% 17.5% 11.3%

Source: Arlington Real Estate Assessments *Readusted Monthly

HOUSING PRICES

Average Housing Prices*	Reporting Period	Current	Last Period	Last Year	Annual Change
Single Family Detached Single Family Attached Condominium	Feb 2002 Feb 2002 Feb 2002	$401,881$393,370 $180,597	$407,965$394,817$164,263	$379,527$335,500$154,904	5.9% 17.2% 16.6%

Source: Real Estate Assessments *Readjusted monthly

Tourism	Reporting Period	Current	Year-to-Date	Last Year-to-Date	Annual Change
Lodging Sales Receipts Hotel Occupancy Average Daily Room Rate	Feb 2002 Feb 2002 Feb 2002	$18,295,401 67.2% $114.43	$33,187,813 58.7% $112.23	$41,422,728 63.0% $123.37	19.9% 4.3pp $11.14

CONSUMER PRICE INDEX

Consumer Price Index (CPI-U All Items)	Reporting Period	Current	Last Period	Last Year	Annual Change
Washington - Baltimore DC/MD/VA/WV	March 2002	111.9	110.9	109.7	2.0%

Source: US Bureau of Labor Statistics

TAXABLE RETAIL SALES

Taxable Retail Sales	Reporting Period	Current	Last Period	Last Year	Annual Change
Arlington	4th Q 2001	$612,414,609	$528,905,321	$629,336,332	2.7%

Source: Virginia Department of Taxation

AIR TRANSPORTATION

Ronald Reagan Washington National Airport	Reporting Period	Current	Last Period	Last Year	Annual Change
Total Aircraft Operations Total Passengers	Feb 2002 Feb 2002	13,216 820,511	12,338 723,854	23,314 1,145,908	43.3% 28.4%

Source: Metropolitan Washington Airports Authority

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