Arlington • Virginia • USA			Economic Indicators

OCTOBER 2002

AT PLACE EMPLOYMENT

At Place Employment *	Reporting Period	Current	Last Period	Last Year	Annual Change
Employees Establishments Gross Wages (thousands)	1st Q 2002 1st Q 2002 1st Q 2002	151,878 6,596 $2,175,444	156,170 6,556 $2,315,309	160,296 6,517 $2,231,562	5.2% 1.2% 2.5%

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	~ August 2002 August 2002 ~ August 2002 August 2002	~ 117,560 1,294,093 ~ 2.5% 3.1%	~ 119,034 1,308,467 ~ 2.5% 3.0%	~ 115,851 1,267,751 ~ 2.6% 2.7%	~ 1.5% 2.1% ~ 0.1 pp 0.4 pp

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

OFFICE ABSORPTION

Net Office Absorption*	Reporting Period	Current	Year-to-Date	Last Year-to-Date	Annual Change
Arlington Northern Virginia	3rd Q 2002 3rd Q 2002	-394,359 -818,607	479,356 -96,334	-332,529 -2,909,058	811,885 -2,812,724

Source: Cassidy & Pinkard   * includes sublet

VACANCY RATES

Total 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 2002 3rd Q 2002 3rd Q 2002 3rd Q 2002 3rd Q 2002 3rd Q 2002 3rd Q 2002	9.6% 9.5% 9.6% 13.7% 6.8% 4.5% 15.9%	5.8% 7.3% 7.1% 5.9% 9.3% 4.6% 11.0%	7.9% 5.8% 7.2% 4.5% 8.6% 12.3% 9.8%	3.8 pp 2.2 pp 2.5 pp 7.8 pp 5.6 pp 4.6 pp 5.9 pp

Source: Cassidy & Pinkard   *includes sublet   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	August 2002 August 2002 August 2002	127 43 133	976 294 1,015	914 226 1,029	6.8% 30.1% 1.4%

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	August 2002 August 2002 August 2002	$479,717 $425,194 $204,976	$452,301 $423,179 $200,242	$438,578 $398,459 $168,828	9.4% 6.7% 21.4%

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	August 2002 August 2002 August 2002	$21,029,756 65.2% $114.89	$188,086,970 71.2% $120.68	$203,211,567 75.3% $121.78	7.4% 4.1 pp $1.10

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 2002	113.4	112.8	110.8	2.3%

Source: US Bureau of Labor Statistics

RETAIL SALES

Taxable Retail Sales	Reporting Period	Current	Last Period	Last Year	Annual Change
Arlington	2nd Q 2002	$558,126,098	$502,126,443	$608,624,218	8.3%

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	August 2002 August 2002	19,437 1,139,479	18,891 1,135,856	26,220 1,450,085	25.9% 21.4%

Source: Metropolitan Washington Airports Authority

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