Selected Economic Indicators for September 2009

Current Year

Prior Year

Percent Change

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

  -0.8%

 (As of Sept. 30, 2009)
(Source: Published bi-monthly by United States Department of Labor, Bureau of Labor Statistics)

Unemployment Rates 

Alexandria (As of August 31, 2009)

4.7%

3.0%

--

Virginia (As of Sept. 30, 2009)

6.6%

4.1%

--

United States (As of Sept. 30, 2009)

9.8%

6.2%

--

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

Office Vacancy Rates

  Alexandria

16.2%

7.0%

  Northern Virginia (1^st quarter)

16.0%

13.3%

--

  Washington DC Metro Area

14.9%

12.0%

--

(As of Sept. 30, 2009)
(Source: Grubb & Ellis)

New Business Licenses 
3 month trailing average

New Commercial Construction
(Fiscal YTD as of Sept. 30, 2009)

Number of New Building Permits

2

3

-33.3%

Value of New Building Permits

10.6

24.3

-56.4%

(Source: Office of Code Enforcement)

Residential Real Estate Indicators(YTD ending Sept. 30, 2009)

Residential Dwelling Units Sold 

1,430

1,407

+1.6%

Average Residential Sale Price 

$442,351

$468,407

-5.6%

(Source: Department of Real Estate Assessments)