Arlington, Virginia - News & Data


Arlington • Virginia • *USA*			Economic Indicators

May 2001

AT PLACE EMPLOYMENT

At Place Employment *	Reporting Period	Current	Last Period	Last Year	Annual Change
Employees Establishments Gross Wages (thousands)	3rd Q 2000 3rd Q 2000 3rd Q 2000	158,317 6,343 $2,051,903	157,234 6,315 $1,989,164	152,074 6,248 $1,854,844	4.1% 1.5% 10.6%

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	~ March 2001 March 2001 ~ March 2001 March 2001	~ 115,474 1,264,296 ~ 1.1% 1.3%	~ 114,756 1,256,023 ~ 1.2% 1.3%	~ 108,870 1,191,748 ~ 1.1% 1.2%	~ 6.1% 6.1% ~ 0.0 0.1pp

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

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	1st Q 2001 1st Q 2001 1st Q 2001 1st Q 2001 1st Q 2001 1st Q 2001 1st Q 2001	-360,638 -31,315 -9,227 11,173 4,032 -349,667 183,313	-360,638 -31,315 -9,227 11,173 4,032 -349,667 183,313	56,220 74,783 137,276 -30,655 1,382 19,613 2,032,314	416,858 106,098 146,503 41,828 2,650 369,280 1,849,001
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 2001 1st Q 2001 1st Q 2001 1st Q 2001 1st Q 2001 1st Q 2001 1st Q 2001	2.8% 1.9% 0.6% 2.3% 0.8% 5.1% 5.3%	1.8% 1.8% 0.9% 2.6% 1.4% 2.0% 4.1%	4.9% 3.8% 6.7% 7.8% 16.2% 2.3% 6.2%	2.1pp 1.9pp 6.1pp 5.5pp 15.4pp 2.8pp 0.9pp

Source: CoStar Group, Inc. pp = percentage point

HOUSING SALES

Housing Sales*	Reporting Period	Current	Year-to-Date	Last Year-to-Date	Change
Single Family Detached Single Family Attached Condominium	April 2001 April 2001 April 2001	107 18 108	388 95 397	381 87 312	1.8% 9.2% 27.2%

Source: Arlington Real Estate Assessments *Readjusted Monthly

HOUSING PRICES

Average Housing Prices*	Reporting Period	Current	Last Period	Last Year	Annual Change
Single Family Detached Single Family Attached Condominium	April 2001 April 2001 April 2001	$379,032 $295,910 $170,590	$434,569 $310,577 $162,085	$337,504 $286,167 $145,796	12.3% 3.4% 17.0%

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	March 2001 March 2001 March 2001	$28,735,701 80.2% $125.52	$70,158,428 68.6% $123.76	$62,712,531 65.7% $114.91	11.9% 2.9pp $8.85

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

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 2001	109.7	108.9	107.1	2.4%

Source: US Bureau of Labor Statistics

TAXABLE RETAIL SALES

Taxable Retail Sales	Reporting Period	Current	Last Period	Last Year	Annual Change
Arlington	1st Q 2001	$526,078,697	$629,336,392	$507,903,904	3.6%

Source: Virginia Department of Taxation

AIR TRANSPORTATION

Monthly Air Traffic Summary Ronald Reagan Washington National Airport	Reporting Period	Current	Last Period	Last Year	Annual Change
Total Aircraft Operations Total Passengers	March 2001 March 2001	26,431 1,472,461	23,314 1,145,908	25,845 1,366,751	2.3% 7.7%

Source: Metropolitan Washington Airports Authority