April 2017
AT-PLACE EMPLOYMENT
At-Place Employment*
Employees
Establishments
Gross Wages (weekly)
Reporting
Period
3rd Q 2016
3rd Q 2016
3rd Q 2016
Annual
Change
Current
Last Period
Last Year
174,187
9,218
$1,645
172,947
9,166
$1,559
171,890
9,276
$1,585
Current
Last Period
Last Year
148,493
1,606,735
147,853
1,599,435
144,938
1,570,366
2.5% p
2.3% p
2.6%
3.3%
2.7%
3.4%
2.6%
3.4%
0.0 pp
-0.1 pp q
Current
Year-To-Date
Last Year-ToDate
1.3% p
-0.6% q
3.8% p
*data excludes enlisted military personnel
Source: Virginia Employment Commission, Quarterly Census of Employment and Wages (QCEW)
LABOR FORCE
Civilian Labor Force*
Arlington County
Northern Virginia
Reporting
Period
Feb-17
Feb-17
Unemployment Rate
Arlington County
Northern Virginia
Feb-17
Feb-17
Annual
Change
pp = percentage points
* readjusted monthly
Source: Virginia Employment Commission, Local Area Unemployment Statistics (LAUS)
OFFICE ABSORPTION
Net Office Absorption*
Arlington
Northern Virginia
Reporting
Period
1st Q 2017
1st Q 2017
Annual
Change
268,476
1,346,421
(75,914)
(454,666)
344,390 p
1,801,087 p
Current
Last Period
Last Year
Annual
Change
18.9%
27.0%
16.0%
16.6%
5.1%
21.1%
16.4%
19.6%
26.9%
16.6%
17.8%
5.2%
22.3%
17.0%
19.9%
28.0%
15.5%
19.7%
7.3%
21.7%
17.1%
-1.0 pp
-1.0 pp
0.5 pp
-3.1 pp
-2.2 pp
-0.6 pp
-0.7 pp
268,476
1,346,421
* In SF, includes sublet
Source: CoStar; AED
VACANCY RATES
Total Office Vacancy Rate*
Arlington County
Rosslyn
Clarendon/Court House
Ballston
Virginia Square
Crystal City
Northern Virginia
* In SF, includes sublet
pp = percentage points
Source: CoStar; AED
Green indidcates positive change
Red indicates negative change
04-17
Reporting
Period
1st Q 2017
1st Q 2017
1st Q 2017
1st Q 2017
1st Q 2017
1st Q 2017
1st Q 2017
q
q
p
q
q
q
q
April 2017
HOUSING
Housing
New Listings
New Pendings
Closed Sales
Reporting
Period
Mar-17
Mar-17
Mar-17
Current
446
302
252
Year-To-Date
1,024
757
586
Last Year-ToDate
961
699
497
Reporting
Period
Mar-17
Mar-17
Mar-17
Current
$997,221
$730,880
$406,572
Last Period
$1,068,549
$767,194
$404,810
Last Year
$844,133
$657,324
$394,641
Annual
Change
6.6% p
8.3% p
17.9% p
Source: Real Estate Business Intelligence
HOUSING PRICES
Average Housing Prices
Single Family Detached
Single Family Attached
Condominium
Annual
Change
18.1% p
11.2% p
3.0% p
Source: SmartCharts Powered by RBI
TOURISM
Tourism
Hotel Occupancy
Average Daily Room Rate
Reporting
Period
Mar-17
Mar-17
Current
Year-To-Date
Last Year- ToDate
85.1%
$189.43
72.3%
$168.93
71.1%
$152.25
Reporting
Period
Current
Last Period
Last Year
158.6
158.1
156.5
Reporting
Period
4th Q 2016
Current
$820,223,243
Last Period
$816,153,137
Last Year
$797,626,076
Reporting
Period
Feb-17
Feb-17
Current
20,072
1,681,224
Last Period
21,689
1,780,681
Last Year
22,822
1,636,849
Annual
Change
1.7% p
11.0% p
Source: Smith Travel Research
CONSUMER PRICE INDEX
Consumer Price Index (CPI-U
All Items)
Washington - Baltimore
DC/MD/VA/WVA
Mar-17
Annual
Change
1.3% p
Source: US Bureau of Labor Statistics
RETAIL SALES
Taxable Retail Sales
Arlington
Annual
Change
2.8% p
Source: Virginia Department of Taxation
AIR TRANSPORTATION
Washington
National Airport
Total Aircraft Operations
Total Passengers
Source: Metropolitan Washington Airports Authority
Green indidcates positive change
Red indicates negative change
04-17
Annual
Change
-12.0% q
2.7% p