Econowatch L.A. County.
ECONOWATCH L.A. COUNTY
GENERAL INDICATORS
Latest Previous
period period
Employment (000's) (Oct.) (1) 4,575 4,531
Unemployment (000's) (Oct.) (1) 291 304
Help-wanted ads index (Oct.) 12 14
Jobless-to-job ad ratio (Oct.) (2) 24.3 21.7
Film Production Days (Oct.) (3) 3,263 2,853
Bankruptcies
Chapter 7 (Oct.) 2,483 2,412
Chapter 11 (Oct.) 19 17
Exports (mils.) (Sept.) $5,793.5 $5,755.6
Imports (mils.) (Sept.) $16,978.4 $17,018.7
Air cargo (5)
LAX (Sept.) 17.8 17.2
Burbank (Sept.) 4 3.8
Container volume (5) (000's)
Long Beach (Oct.) 557.7 494.4
Los Angeles (Oct.) 642.9 592.8
Los Angeles CPI (Sept.) 194.5 193.1
Electricity Accounts (000's) (8)
Residential (Oct.) 1,231.7 1,230.6
Commercial (Oct.) 121.4 121.5
Industrial (Oct.) 14.8 14.8
REAL ESTATE
Latest Previous
period period
Construction lending (mils.) (Sept.) $480.6 $467.4
Property acquisition lending (mils.) (9) (Sept.) $5,479.3 $5,757.8
Refinance lending (mils.) (Sept.) (10) $630.3 $11,195.2
Foreclosures
Number (Sept.) 78 108
Value (mils.) (Sept.) $21.6 $30.7
Building contracts (mils.)
Residential (Aug.) $343.5 $352.6
Nonresidential (Aug.) $253.8 $313
Building permits (mils.)
Residential (Oct.) $564.1 $500.6
Nonresidential (Oct.) $279.2 $231.4
Housing start permits (Oct.) 2,191 1,852
Home sales (Sept.) 7,907 8,047
Home prices (000's) (Sept.) $425 $425
Condo sales (Sept.) 2,131 2,257
Condo prices (000's) (Sept.) $335 $330
Apartments (2nd qtr.)
Gross occupancy 96.4% 96.2%
Avg. sq. ft. rent $1.53 $1.52
Avg. monthly rent $1,291 $1,271
Office vacancy rates (3rd qtr.)
Downtown L.A. 19.4% 20%
San Fernando Valley 10 10
West L.A. 15.2 16.7
South Bay 19.3 19.3
Countywide 15 15.7
Industrial vacancy rates (3rd qtr.)
Downtown/Central 1.6% 1.6%
South Bay 2.7 3.3
San Gabriel Valley 1.5 1.8
TOURISM
Latest Previous
period period
Hotel occupancy rate (Sept.) 73.2% 81.3%
Room rate (Sept.) $115.48 $120.48
Passengers
LAX (000's) (Sept.) 4,677 5.856
Burbank Airport (000's) (Sept.) 391.6 457.9
GENERAL INDICATORS
% - from
previous Year
period ago
Employment (000's) (Oct.) (1) +1% 4,467
Unemployment (000's) (Oct.) (1) -4.3 345
Help-wanted ads index (Oct.) -14.3 12
Jobless-to-job ad ratio (Oct.) (2) +12 28.8
Film Production Days (Oct.) (3) +14.4 2,812
Bankruptcies
Chapter 7 (Oct.) +2.9 3,413
Chapter 11 (Oct.) +11.8 22
Exports (mils.) (Sept.) +0.7 $5,294.1
Imports (mils.) (Sept.) -0.2 $14,909.8
Air cargo (5)
LAX (Sept.) +3.5 16.8
Burbank (Sept.) +5.3 3.7
Container volume (5) (000's)
Long Beach (Oct.) +12.8 436.8
Los Angeles (Oct.) +8.5 671.1
Los Angeles CPI (Sept.) +0.7 188.2
Electricity Accounts (000's) (8)
Residential (Oct.) +.01 1,225.8
Commercial (Oct.) -0.1 120.0
Industrial (Oct.) 0 14.9
REAL ESTATE
% - from
previous Year
period ago
Construction lending (mils.) (Sept.) +2.8 $401.0
Property acquisition lending (mils.) (9) (Sept.) -4.8 $4,529.1
Refinance lending (mils.) (Sept.) (10) -94.6 $470.8
Foreclosures
Number (Sept.) -27.7 201
Value (mils.) (Sept.) -29.6 $44
Building contracts (mils.)
Residential (Aug.) -2.6 $288.6
Nonresidential (Aug.) -18.9 $298.5
Building permits (mils.)
Residential (Oct.) +12.70 $570.3
Nonresidential (Oct.) +20.70 $268.5
Housing start permits (Oct.) +18.30 2,785
Home sales (Sept.) -1.7 8,009
Home prices (000's) (Sept.) 0 $355
Condo sales (Sept.) -5.6 2,265
Condo prices (000's) (Sept.) +1.50 $280
Apartments (2nd qtr.)
Gross occupancy NA 96.1%
Avg. sq. ft. rent +0.70 $1.48
Avg. monthly rent +1.60 $1,247
Office vacancy rates (3rd qtr.)
Downtown L.A. NA 19.9%
San Fernando Valley NA 12.8
West L.A. NA 15.4
South Bay NA 19.4
Countywide NA 15.8
Industrial vacancy rates (3rd qtr.)
Downtown/Central NA 1.8%
South Bay NA 3.4
San Gabriel Valley NA 2.2
TOURISM
% - from
previous Year
period ago
Hotel occupancy rate (Sept.) NA 68.4%
Room rate (Sept.) -4.2% $109.11
Passengers
LAX (000's) (Sept.) -20.1 4,168
Burbank Airport (000's) (Sept.) -14.5 374.8
GENERAL INDICATORS
% + from
year ago
Employment (000's) (Oct.) (1) +2.4%
Unemployment (000's) (Oct.) (1) -15.7
Help-wanted ads index (Oct.) 0
Jobless-to-job ad ratio (Oct.) (2) -15.6
Film Production Days (Oct.) (3) +16
Bankruptcies
Chapter 7 (Oct.) -27.2
Chapter 11 (Oct.) -13.6
Exports (mils.) (Sept.) +9.4
Imports (mils.) (Sept.) +13.9
Air cargo (5)
LAX (Sept.) +5.8
Burbank (Sept.) +8.1
Container volume (5) (000's)
Long Beach (Oct.) +27.7
Los Angeles (Oct.) -4.2
Los Angeles CPI (Sept.) +3.3
Electricity Accounts (000's) (8)
Residential (Oct.) +0.5
Commercial (Oct.) +1.2
Industrial (Oct.) -0.7
REAL ESTATE
% + from
year ago
Construction lending (mils.) (Sept.) 19.85%
Property acquisition lending (mils.) (9) (Sept.) +21
Refinance lending (mils.) (Sept.) (10) +33.8
Foreclosures
Number (Sept.) -61.1
Value (mils.) (Sept.) -50.9
Building contracts (mils.)
Residential (Aug.) +19
Nonresidential (Aug.) -15
Building permits (mils.)
Residential (Oct.) -1.1
Nonresidential (Oct.) +4
Housing start permits (Oct.) -21.3
Home sales (Sept.) -1.3
Home prices (000's) (Sept.) +19.7
Condo sales (Sept.) -5.9
Condo prices (000's) (Sept.) +19.6
Apartments (2nd qtr.)
Gross occupancy NA
Avg. sq. ft. rent +3.4
Avg. monthly rent +3.5
Office vacancy rates (3rd qtr.)
Downtown L.A. NA
San Fernando Valley NA
West L.A. NA
South Bay NA
Countywide NA
Industrial vacancy rates (3rd qtr.)
Downtown/Central NA
South Bay NA
San Gabriel Valley NA
TOURISM
% + from
year ago
Hotel occupancy rate (Sept.) NA
Room rate (Sept.) 5.8%
Passengers
LAX (000's) (Sept.) +12.2
Burbank Airport (000's) (Sept.) +4.5
FOOTNOTES
(1.) Not seasonally adjusted.
(2.) Thousands of jobless to index point of job ads.
(3.) Film production days
(4.) Through Los Angeles Customs District.
(5.) In thousands of tons.
(6.) 20-foot equivalent unit.
(7.) 1982-1984 = 100.
(8.) San Fernando Valley and metropolitan L.A. combined
(9.) Apartment and residential combined
(10.) Includes refinancings, second mortgages and equity mortgages
(11.) Based on a survey by Grubb & Ellis Co. Excludes available
sublease space NA means not applicable
BOLDFACE INDICATES UPDATED FIGURES
Sources: California State Employment Development Department (employment
figures); The Conference Board, N.Y. (help-wanted ad index);
Entertainment Industry Development Corporation Los Angeles Film Office
(film permits); U.S. Bankruptcy Court, Central District of Calif., Los
Angeles (bankruptcies); Dun & Bradstreet (business failures); Economic
Development Corporation, Los Angeles (exports, imports); City of Los
Angeles Airport Department (LAX passenger traffic and air cargo);
Burbank-Glendale-Pasadena Airport Authority (Burbank passenger traffic
and air cargo); Bureau of Labor Statistics, Los Angeles (Los Angeles
consumer price index); Office of Economic Research at California State
University, Long Beach (index of leading indicators); First American
Real Estate Solutions, Anaheim (construction lending, property lending,
refinance lending, foreclosures, home sales, home prices, home prices
per square foot, condo sales, condo prices); F.W. Dodge Division,
McGraw-Hill (building contracts); Construction Industry Research Board
(housing start permits, building permits); M/PF Research Inc.
(apartments); Grubb & Ellis (office and industrial vacancy rates); PKF
Consulting (hotel occupancy rate, room rate).
COPYRIGHT 2004 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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