EconomicDevelopmentIndicators4thQuarter2014

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City of Beverly Hills
Economic Indicators
Commercial & Retail Real Estate - 4th Quarter 2014
9.9%
4.9%
5.5%
7.8%
4th Qtr Qtd Rate
$57.61
$50.13
$39.92
$54.28
Last Quarter
Quoted Rate
$56.40
$50.85
$39.44
$52.93
Percent Change
2.10%
-1.44%
1.20%
2.49%
12.0%
8.9%
4.6%
8.2%
4th Qtr Qtd Rate
$32.76
$29.82
$30.83
$31.27
Quoted Rate
$33.01
$28.20
$30.82
$30.80
Percent Change
-0.76%
5.43%
0.03%
1.50%
2.3%
2.7%
4th Qtr Qtd Rate
$76.09
$75.97
Quoted Rate
$75.22
$74.79
Percent Change
1.14%
1.55%
4th Qtr Qtd Rate
3.1%
$48.10
3.1%
$46.02
Source: CoStar
Quoted Rate
$46.07
$43.67
Percent Change
4.22%
5.11%
Beverly Hills Commercial Office Market
Class - A
Class - B
Class - C
Total
Vacancy
West Los Angeles Commercial Office Market
Class - A
Class - B
Class - C
Total
Vacancy
Beverly Hills Retail Market
General Retail Submarket Statistics
Total Retail Submarket Statistics
Vacancy
West Los Angeles Retail Market
General Retail Market Statistics
Total Retail Market Statistics
Vacancy
Hotel Trends
Through 1st Qtr Through 2nd Qtr Through 3rd Qtr
Through 4th Qtr
$419.63
$413.37
$408.72
$423.88
$440.12
$381.70
80.82%
78.11%
77.88%
86.71%
Source: PKF Consulting
79.62%
78.55%
62.50%
63.86%
BH Hotels' Average Daily Rates - 2014
BH Hotels' Average Daily Rates - 2013
$457.75
$406.99
BH Hotels Occupancy % - 2014
BH Hotels Occupancy % - 2013
Annual Sales Tax - Revenue
First Quarter:
Second Quarter:
Third Quarter:
Fourth Quarter:
January - March
April - June
July - September
October - December
TOTAL
2011
2012
2013
2014
$4,826,330
$5,094,372
$5,209,688
$5,900,502
$21,030,892
$5,208,326
$5,800,635
$6,062,779
$5,962,449
$7,116,081
$24,941,944
$6,764,801
$6,669,849
$6,814,122
$7,782,689
$28,031,461
$5,707,550
$5,555,625
$6,638,964
$23,110,465
Sales Tax - Benchmark Fiscal Year 2014 Q4 to Benchmark Fiscal Year 2013 Q4 Sales Tax Generated by Industry
% of City Revenue
Q4 2014
Q4 2013
% of Change
General Consumer Goods
58.4%
59.3%
-0.9%
Autos & Transportation
19.2%
18.9%
0.3%
Restaurants and Hotels
16.4%
16.9%
-0.5%
Business and Industry
3.1%
2.0%
1.2%
Food and Drugs
1.6%
1.7%
-0.1%
Drug & Grocery Stores
Fuel and Service Stations
1.0%
1.2%
-0.2%
Fuel Dealers, Service Stations
Building and Construction
0.3%
0.1%
0.2%
Building Material Hardware Stores,
Contractors
Price Median SFR
($1,000)
$2,288
$1,760
$1,865
Price % Chg from
December 2013
-32.10%
6.90%
-38.7%
Unemployed
Percentage
7.9%
8.3%
Apparel Stores, Department Stores,
General Merchandise
Auto Repair Shops, Auto Leases,
Auto Sales-New, Transportation &
Rentals
Restaurants, Hotels, Amusement
Places
Office Equipment Electrical
Equipment, Business Services
Source: HdL
Home Sales
Single Family Homes - February 2015
Beverly Hills
Beverly Hills
Beverly Hills
Zip Code
Number of Sales
90210
90211
90212
20
2
1
Source: DataQuick
Labor Force Data
Beverly Hills Unemployment - December 2014
LA County Unemployent - December 2014
Labor Force
18,600
5,025,900
Employed
17,100
4,610,800
Source: California Employment Development Department
1,500
415,100

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