EconomicDevelopmentIndicators2ndQuarter2015

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City of Beverly Hills
Economic Indicators
Commercial & Retail Real Estate - 2nd Quarter 2015
7.4%
6.4%
5.3%
6.8%
2nd Qtr Qtd Rate
$60.64
$52.66
$45.35
$57.86
Last Quarter
Quoted Rate
$58.22
$52.63
$40.33
$55.61
Percent Change
3.99%
0.06%
11.07%
3.89%
10.0%
13.3%
6.3%
9.5%
2nd Qtr Qtd Rate
$35.09
$30.93
$31.03
$32.81
Quoted Rate
$32.68
$29.64
$30.70
$31.23
Percent Change
6.87%
4.17%
1.06%
4.82%
2.0%
2.4%
2nd Qtr Qtd Rate
$75.48
$75.00
Quoted Rate
$71.20
$70.86
Percent Change
5.67%
5.52%
2nd Qtr Qtd Rate
2.9%
$47.91
3.3%
$46.87
Source: CoStar
Quoted Rate
$47.98
$46.10
Percent Change
-0.15%
1.64%
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
BH Hotels' Average Daily Rates - 2015
BH Hotels' Average Daily Rates - 2014
$490.65
$462.56
BH Hotels Occupancy % - 2015
BH Hotels Occupancy % - 2014
79.9%
77.7%
79.5%
75.4%
Source: PKF Consulting
Annual Sales Tax - Revenue
First Quarter:
Second Quarter:
Third Quarter:
Fourth Quarter:
Through 4th Qtr
$441.23
$451.62
January - March
April - June
July - September
October - December
TOTAL
2012
2013
2014
2015
$5,208,326
$5,707,550
$5,555,625
$6,638,964
$23,110,465
$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
$7,031,487
$6,557,774*
$13,589,261
Sales Tax - Benchmark Fiscal Year 2015 Q2 to Benchmark Fiscal Year 2014 Q2 Sales Tax Generated by Industry
% of City Revenue
Q2 2015
Q2 2014
% of Change
General Consumer Goods
59.8%
54.9%
4.82%
Autos & Transportation
22.4%
20.0%
2.33%
Restaurants and Hotels
19.1%
18.0%
1.05%
Business and Industry*
-4.9%*
3.6%
-8.52%*
Food and Drugs
1.7%
1.8%
-0.05%
Drug & Grocery Stores
Fuel and Service Stations
1.6%
1.4%
0.17%
Fuel Dealers, Service Stations
Building and Construction
0.3%
0.2%
0.14%
Building Material Hardware Stores,
Contractors
Price Median SFR
($1,000)
$5,903
$2,000
$2,300
Price % Chg from June
2014
33.00%
30.50%
-11.9%
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 - June 2015
Beverly Hills
Beverly Hills
Beverly Hills
Zip Code
Number of Sales
90210
33
90211
5
90212
3
Source: DataQuick
*The City anticipates receiving a $556,000 adjustment during the next quarter due to an accounting error in the Business & Industry category. This will be reflected in the Q3 Economic
Indicators report.

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