Arlington, Virginia - News & Data


Arlington • Virginia • *USA*			Economic Indicators

August 2001

AT PLACE EMPLOYMENT

At Place Employment *	Reporting Period	Current	Last Period	Last Year	Annual Change
Employees Establishments Gross Wages (thousands)	4th Q 2000 4th Q 2000 4th Q 2000	161,348 6,459 $2,274,404	158,317 6,343 $2,051,903	156,912 6,336 $2,081,329	2.8% 1.9% 9.3%

Source: Virginia Employment Commission *Data excludes enlisted military personnel

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	~ June 2001 June 2001 ~ June 2001 June 2001	~ 119,061 1,305,605 ~ 1.7% 1.9%	~ 117,407 1,284,475 ~ 1.7% 1.8%	~ 112,547 1,231,917 ~ 1.3% 1.4%	~ 5.8% 6.0% ~ 0.4 pp 0.5 pp

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

NET OFFICE ABSORPTION AND VACANCY RATES

Net Office Absorption	Reporting Period	Current	Year-to-Date	Last Year-to-Date	Change
*Arlington* Rosslyn Clarendon/Courthouse Ballston Virginia Square Crystal City Northern Virginia	2nd Q 2001 2nd Q 2001 2nd Q 2001 2nd Q 2001 2nd Q 2001 2nd Q 2001 2nd Q 2001	124,539 -2,299 -75,592 152,810 55,906 -77,655 1,594,382	-232,578 -28,099 -84,819 163,983 59,938 -427,322 1,786,124	463,583 220,022 186,111 -29,906 121,600 35,946 4,565,283	696,161 248,121 270,930 193,889 61,662 463,268 2,779,159
Direct Office Vacancy Rate	Reporting Period	Current	Last Period	Last Year	Annual Change
*Arlington* Rosslyn Clarendon/Courthouse Ballston Virginia Square Crystal City *Northern Virginia*	2nd Q 2001 2nd Q 2001 2nd Q 2001 2nd Q 2001 2nd Q 2001 2nd Q 2001 2nd Q 2001	4.2% 2.4% 2.9% 2.6% 12.1% 5.7% 6.3%	3.2% 2.5% 1.2% 3.1% 0.8% 5.3% 5.9%	3.8% 2.6% 5.4% 8.0% 1.1% 2.2% 5.2%	0.4 pp 0.2 pp 2.5 pp 5.4 pp 11.0 pp 3.5 pp 1.1 pp

Source: CoStar Group, Inc. pp=percentage points

HOUSING SALES

Housing Sales*	Reporting Period	Current	Year-to-Date	Last Year-to-Date	Change
Single Family Detached Single Family Attached Condominium	July 2001 July 2001 July 2001	132 29 159	827 199 834	769 212 682	7.5% 6.1% 22.3%

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	July 2001 July 2001 July 2001	$399,809 $338,596 $179,577	$410,880 $310,816 $166,047	$338,777 $313,603 $152,639	18.0% 6.6% 17.6%

Source: Real Estate Assessments *Readjusted monthly

TOURISM

Tourism	Reporting Period	Current	Year-to-Date	Last Year-to-Date	Change
Lodging Sales Receipts Hotel Occupancy Average Daily Room Rate	June 2001 June 2001 June 2001	$27,397,480 82.9% $122.83	$157,849,174 76.1% $125.86	$156,922,521 75.9% $120.24	0.6% 0.2 pp $5.62

Source: Arlington County Commissioner of Revenue and Smith Travel Research pp=percentage points

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	July 2001	110.8	110.1	108.4	2.2%

Source: US Bureau of Labor Statistics

TAXABLE RETAIL SALES

Taxable Retail Sales	Reporting Period	Current	Last Period	Last Year	Annual Change
Arlington	2nd Q 2001	$608,624,218	$526,078,697	$599,399,035	1.5%

Source: Virginia Department of Taxation

AIR TRANSPORTATION

Ronald Reagan Washington National Airport	Reporting Period	Current	Last Period	Last Year	Change
Total Aircraft Operations Total Passengers	July 2001 July 2001	26,311 1,442,896	26,498 1,492,933	24,492 1,349,056	7.4% 7.0%

Source: Metropolitan Washington Airports Authority