Arlington, Virginia - News & Data


Arlington • Virginia • *USA*			Economic Indicators

February 2002

AT PLACE EMPLOYMENT

At Place Employment *	Reporting Period	Current	Last Period	Last Year	Annual Change
Employees Establishments Gross Wages (thousands)	2nd Q 2001 2nd Q 2001 2nd Q 2001	162,163 6,516 $2,171,844	160,296 6,517 $2,231,562	157,234 6,315 $1,989,164	3.1% 3.2% 9.2%

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	~ Dec 2001 Dec 2001 ~ Dec 2001 Dec 2001	~ 117,297 1,285,871 ~ 2.5% 2.7%	~ 118,117 1,292,310 ~ 2.8% 2.9%	~ 114,241 1,249,277 ~ 1.0% 1.0%	~ 2.7% 2.9% ~ 1.5pp 1.7pp

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	Annual Change
*Arlington* Northern Virginia	4rd Q 2001 4rd Q 2001	-571,027 507,172	-265,643 3,858,421	1,075,046 10,173,669	1,340,689 6,315,248
Direct Office Vacancy Rate	Reporting Period	Current	Last Period	Last Year	Annual Change
*Arlington* Rosslyn Clarendon/Courthouse Ballston Virginia Square Crystal City *Northern Virginia*	4rd Q 2001 4rd Q 2001 4rd Q 2001 4rd Q 2001 4rd Q 2001 4rd Q 2001 4rd Q 2001	9.1% 9.7% 3.1% 6.1% 11.0% 13.4% 8.8%	6.7% 2.8% 3.6% 3.0% 12.2% 12.7% 8.0%	5.9% 3.0% 1.8% 4.3% 1.4% 11.9% 5.9%	3.2 pp 6.7 pp 1.3 pp 1.8 pp 9.6 pp 1.5 pp 2.9 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	Dec 2001 Dec 2001 Dec 2001	84 36 111	1,356 370 1,550	1,342 360 1,3434	1.0% 2.8% 8.1%

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	Dec 2001 Dec 2001 Dec 2001	$384,600$347,096$177,705	$381,473$346,983$180,477	$361,091$359,942$158,655	6.5% 3.6% 12.0%

Source: Real Estate Assessments *Readjusted monthly

TOURISM

Tourism	Reporting Period	Current	Year-to-Date	Last Year-to-Date	Annual Change
Lodging Sales Receipts Hotel Occupancy Average Daily Room Rate	Dec 2001 Dec 2001 Dec 2001	$16,576,350 46.0% $106.97	$276,250,851 69.3% $119.64	$298,774,540 73.7% $119.24	7.5% 4.4pp > $0.40

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	Nov 2001	110.9	111.7	108.5	2.2%

Source: US Bureau of Labor Statistics

TAXABLE RETAIL SALES

Taxable Retail Sales	Reporting Period	Current	Last Period	Last Year	Annual Change
Arlington	4nd 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	Change
Total Aircraft Operations Total Passengers	Dec 2001 Dec 2001	10,546 692,548	9,706 649,159	23,537 1,249,973	55.2% 44.6%

Source: Metropolitan Washington Airports Authority