Selected Economic Indicators for August 2009

Current Year

Prior Year

Percent Change

Consumer Price Index (CPI-U)
for the Washington‑Baltimore,
DC‑MD‑VA‑WV Area

140.8

142.1

-0.9%

 (As of July 31, 2009)
(Source: Published bi-monthly by United States Department of Labor, Bureau of Labor Statistics)

Unemployment Rates 

Alexandria (As of July 31, 2009)

4.9%

2.9%

+69%

Virginia (As of August 31, 2009)

6.5%

4.3%

+51%

(Source: United States Department of Labor, Bureau of Labor Statistics, as adjusted)

United States (As of August 31, 2009)

9.7%

6.1%

+59%

(Source: United States Department of Labor, Bureau of Labor Statistics)

New Business Licenses 
(During August 2009)

65

67

-3%

(Source: Finance Department, Business Tax Branch)

Office Vacancy Rates
(As of June 30, 2009)

  Alexandria

14.6%

6.3%

+132%

  Northern Virginia (1^st quarter)

15.2%

13.2%

+15%

  Washington DC Metro Area

14.2%

12.0%

+18%

(Source: Grubb & Ellis)

New Commercial Construction
(Fiscal YTD as of August 31, 2009)

Number of New Building Permits

2

1

+100%

Value of New Building Permits

10.6

7.9

+34%

(Source: Fire Department Office of Code Enforcement)

Residential Real Estate Indicators(YTD ending August 31, 2009)

Residential Dwelling Units Sold 

1293

1242

+4.1%

Average Residential Sale Price 

$440,652

$469,932

+6.2%

(Source: Department of Real Estate Assessments)