Economic Indicator Charts for August 2010

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Source:  U.S. Department of Labor, Bureau of Labor Statistics
U.S., Virginia through August 2010; Alexandria through July 2010

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Source:  U.S. Department of Labor, Bureau of Labor Statistics
U.S. through September 2010; Washington/Baltimore through August 2010

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Source: Virginia Employment Commission
Through 1st Quarter 2010

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Source:  Grubb & Ellis    
Through 2nd quarter 2010

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 Source:  CoStar*             
 Through 2nd quarter 2010  
           
 *This is a new graph.  Unlike the Grubb & Ellis data (above)  which includes all business property available for lease (even if it is currently occupied but available because the current occupant has not vacated the property), CoStar data only included currently vacant property.  Also, unlike Grubb and Ellis, it includes small office buildings of less than 20,000 square feet, owner-occupied buildings, and medical buildings.  The addition of these categories of office space more than doubles the measured capacity of the office market in Alexandria.  As one can see in comparing the two graphs, these changes level out the ups and downs.           
We believe the Co Star data is a better representation of the office market than the Grubb & Ellis series.  CoStar data is what the AEDP uses to portray office market conditions in Alexandria.     

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Source:  Code Administration Department
Through August 2010

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Source:  Code Administration Department
Through August 2010

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Source: Finance Department
Through August 2010

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Source:  Finance Department
Through July 2010

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Source:  Finance Department
Through July 2010

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Source:  Finance Department
Through May 2010*
*Meals Tax collections typically lag because there are restaurants that miss the filing and payment deadlines each month.

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Source:  Department of Real Estate Assessments
Through August 2010

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Source:  Department of Real Estate Assessments
Through August 2010

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Source:  Metropolitan Regional Information Systems
August 2003-2010

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Source:  Department of Real Estate Assessments
Through August 2010

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