Arlington, Virginia - News & Data


Arlington • Virginia • *USA*			Economic Indicators

October 2001

AT PLACE EMPLOYMENT

At Place Employment *	Reporting Period	Current	Last Period	Last Year	Annual Change
Employees Establishments Gross Wages (thousands)	1st Q 2001 1st Q 2001 1st Q 2001	160,296 6517 $2,231,562	161,348 6,459 $2,274,404	154933 6,331 $2,028,107	3.5% 2.9% 10.0%

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	~ Sept 2001 Sept 2001 ~ Sept 2001 Sept 2001	~ 117,503 1,286,715 ~ 2.2% 2.4%	~ 119,407 1,306,478 ~ 2.1% 2.2%	~ 112,337 1,229,242 ~ 1.2% 1.3%	~ 4.6% 4.7% ~ 1.0 pp 1.1 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	Annual Change
*Arlington* Northern Virginia	3rd Q 2001 3rd Q 2001	15,581 1,330,145	507,987 4,922,372	765,370 9,242,976	257,383 4,320,604
Direct Office Vacancy Rate	Reporting Period	Current	Last Period	Last Year	Annual Change
*Arlington* Rosslyn Clarendon/Courthouse Ballston Virginia Square Crystal City *Northern Virginia*	3rd Q 2001 3rd Q 2001 3rd Q 2001 3rd Q 2001 3rd Q 2001 3rd Q 2001 3rd Q 2001	3.3% 2.5% 2.3% 2.7% 10.5% 3.4% 6.3%	3.3% 2.7% 2.5% 2.9% 12.4% 2.6% 6.1%	3.4% 3.4% 2.2% 4.9% 1.2% 3.3% 5.3%	0.1 pp 0.9 pp 0.1 pp 2.2 pp 9.3 pp 0.1 pp 1.0 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	Sept 2001 Sept 2001 Sept 2001	86 34 145	1,044 270 1,188	1,036 278 1,051	0.8% 2.9% 13.0%

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	Sept 2001 Sept 2001 Sept 2001	$402,820$386,760$179,572	$431,696$378,977$169,004	$343,034$228,939$155,275	17.4% 68.9% 15.6%

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	Sept 2001 Sept 2001 Sept 2001	$17,937,125 55.2% $114.71	$221,148,692 70.9% $108.57	$230,571,612 77.1% $123.49	4.1% 21.9 pp $8.78

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	Sept 2001	111.7	110.8	108.7	2.8%

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	Sept 2001 Sept 2001	9,114 413,576	26,234 1,450,085	25,724 1,298,415	64.6% 68.1%

Source: Metropolitan Washington Airports Authority