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1 Economic Trends and Commercial Construction Indicators for Metropolitan Washington Cooperative Forecasting and Data Subcommittee September 9, 2004 Department.

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Presentation on theme: "1 Economic Trends and Commercial Construction Indicators for Metropolitan Washington Cooperative Forecasting and Data Subcommittee September 9, 2004 Department."— Presentation transcript:

1 1 Economic Trends and Commercial Construction Indicators for Metropolitan Washington Cooperative Forecasting and Data Subcommittee September 9, 2004 Department of Human Services, Planning and Public Safety

2 2 Economic Trends in Metropolitan Washington 1999 – 2003 Population Employment Labor Force Construction Mortgage Rates, Home Sales, and Housing- Related Inflation Inflation Income Retail Sales Airline Passengers

3 3 Economic Trends 1999 – 2003 Percent Population Change in the Washington Region

4 4 Economic Trends 1999 – 2003 At-Place Employment in the Washington Region

5 5 Economic Trends 1999 – 2003 Annual Unemployment Rate

6 6 Economic Trends Net Home Sales in the Washington Region

7 7 Economic Trends Housing Units Authorized in the Washington Region

8 8 Economic Trends 1999 – 2003 Annual Per Capita Income, 2002 a/ Data for the Cities of Fairfax and Falls Church are included in Fairfax County. b/ Data for the Cities of Manassas and Manassas Park are included in Prince William County.

9 9 Commercial Construction Indicators Projects 31.1 Million Square Feet $3.6 Billion Estimated Value

10 10 Commercial Construction Starts 1980 to 2003 Total Square Feet

11 11 Commercial Construction 2003 Square Feet by Structure Type

12 12 Commercial Construction 2003 Total Square Feet by Ownership Type

13 13 Commercial Construction 2003 Total Square Feet by Structure Type and State Group

14 14 Commercial Construction 2003 Total Square Feet by Jurisdictional Group

15 15 Commercial Construction 2003 Total Square Feet by Metrorail and Commuter Station Areas

16 16 Commercial Construction in Regional Activity Centers and Clusters 43% in Regional Activity Centers 55% in Regional Activity Clusters


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