PRIME INTEREST RATE
			03/01	12/00	09/00	06/00	03/00
			8.32%	9.50%	9.50%	9.50%	8.83%
Source: Federal Reserve Board
CONSUMER PRICE INDEX
			3/01	12/00	09/00	06/00	03/00
Washington-Baltimore Metro Area			109.70%	108.50%	108.70%	108.40%	107.10%
Source: U.S. Department of Labor
UNEMPLOYMENT RATE
			03/01	12/00	09/00	06/00	03/00
Alexandria			1.70%	1.30%	1.60%	1.80%	2.00%
Virginia			2.40%	1.90%	2.60%	2.90%	2.50%
U.S.			4.30%	3.70%	3.80%	4.20%	4.30%
Source: U.S. Department of Labor & Virginia Employment Commission
UNEMPLOYMENT COMPENSATION
			1 QTR 01	4 QTR 00	3 QTR 00	2 QTR 00	1 QTR 00
Initial Claims Filed			2,593	1,968	1,783	1,696	2,412
Weekly Benefit Payments			11,434	7,928	8,693	9,215	10,702
Total Benefit Payments			$2,686,816	$1,852,086	$1,999,040	$2,201,900	$2,163,295
Average Weekly Benefit Payments			$234.98	$233.61	$229.96	$238.94	$202.14
Source: Virginia Employment Commission
ALEXANDRIA EMPLOYMENT *
			3 QTR 00	2 QTR 00	1 QTR 00	4 QTR 99	3 QTR 99
Construction			3,083	3,105	2,885	2,796	2691
Manufacturing			2,094	2,140	2,205	2,153	2,150
Transp., Comm., Utilities			3,860	3,797	3,551	3,935	3,741
Trade			17,768	17,454	17,038	17,864	17,256
Fin., Insur., Real Estate			6,022	5,987	5,798	5,586	5,705
Services			43,265	42,182	41,364	41,809	39,736
Government			16,269	16,167	15,316	15,328	15,478
Local			7,335	7,312	6,958	7,055	7,205
State			1,080	1,097	1,066	1,044	997
Federal			7,854	7,758	7,292	7,229	7,276
Agriculture & Mining Related			622	606	603	623	628
TOTAL (*may not total due to data supression)			92,984	91,437	88,761	90,093	87,385
Source: Virginia Employment Commission; *Numbers may not total due to data suppression.
OFFICE MARKET STATISTICS
			1 QTR 01	4 QTR 00	3 QTR 00	2 QTR 00	1 QTR 00
Vacancy Rates:
Alexandria			7.30%	6.90%	6.30%	5.30%	5.10%
Northern Virginia			7.00%	5.30%	4.10%	3.60%	3.70%
Washington D.C. Metro Area			6.30%	5.30%	4.80%	5.00%	5.50%
Alexandria Net Office Space Absorption			-36,869	98,978	168,141	-36,274	67,263
Alexandria Advertised Rent —Absorption			$29.30	$28.93	$28.36	$27.64	$27.81
Source: Grubb & Ellis of Metropolitan Washington
INDUSTRIAL SPACE STATISTICS
			1 QTR 01	4 QTR 00	3 QTR 00	2 QTR 00	1 QTR 00
Vacancy Rate:			4.17%	4.75%	4.35%	3.88%	4.99%
Source: Delta Associates
RESIDENTIAL RENTAL STATISTICS*
			1 QTR 01	4 QTR 00	3 QTR 00	2 QTR 00	1 QTR 00
Alexandria Market Effective Rental Rate:			$1,126	$1,106	$1,092	$1,041	$974
Alexandria Market Vacancy Rates:			1.00%	0.70%	0.20%	0.10%	0.60%
*Includes Class A & B properties and high-rise and garden-style
Source: Delta Associates
METRO RIDERSHIP (Avg. Weekday Boardings)
			03/01	12/00	09/00	06/00	03/00
Braddock Road			3,777	3,288	3,459	3,553	3,487
King Street			5,678	4,563	5,190	5,524	5,255
Eisenhower Avenue			1,286	1,090	1,197	1,256	1,099
Van Dorn Street			3,539	3,065	3,465	3,629	3,327
ALEXANDRIA TOTAL			14,280	12,006	13,311	13,962	13,168
Systemwide			627,630	549,188	577,189	611,146	585,417
Source: Washington Metropolitan Area Transit Authority
NEW BUSINESS LICENSES*
			1 QTR 01	4 QTR 00	3 QTR 00	2 QTR 00	1 QTR 00
			286	197	255	231	333
Source: City of Alexandria Department of Finance; * Finance cautions that a business may apply for numerous permits; businesses with permits may never start operations and some businesses change ownership and then require a new license.
RETAIL SALES
			1 QTR 01	4 QTR 00	3 QTR 00	2 QTR 00*	1 QTR 00
Alexandria			$506,058,536	$539,047,400	$492,708,545	$527,736,403	$489,473,434
Virginia			$17,993,196,487	$18,537,023,594	$16,757,580,587	$15,145,633,057	$17,044,365,104
Sources: Alexandria Department of Financial and Information Technology Services; Virginia Department of Taxation
MEALS TAX
			1 QTR 01	4 QTR 00	3 QTR 00	2 QTR 00*	1 QTR 00
			$1,965,551	$2,124,754	$1,964,433	$2,059,629	$1,836,617
*Includes end of FY00 collections Source: City of Alexandria Department of Finance
LODGING TAX
			1 QTR 01	4 QTR 00	3 QTR 00	2 QTR 00*	1 QTR 00
			$1,041,697	$1,645,688	$1,492,712	$2,626,185	$927,678
*Includes end of FY00 collections
Source: City of Alexandria Department of Finance
HOTEL OCCUPANCY
			03/01	12/00	09/00	06/00	03/00
Occupancy rate			79.60%	52.60%	77.50%	87.10%	78.30%
Average Daily Rate			$104.11	$91.90	$102.72	$100.54	$96.13
Source: Alexandria Convention & Visitors Association - Smith Report Figures
FEDERAL CONTRACT AWARDS
			2000	1999	1998	1997	1996
Defense			$921,731,000	$901,134,000	$835,458,000	$1,252,147,000	$854,230,000
Non-Defense			$261,191,981	$229,012,571	$228,534,900	$178,739,000	$185,336,000
TOTAL			$1,182,922,981	$1,130,146,571	$1,063,992,904	$1,430,886,000	$1,039,566,000
Source: U.S. Department of Commerce
CONSTRUCTION
			1 QTR 01	4 QTR 00	3 QTR 00	2 QTR 00	1 QTR 00
Residential Starts (# of units)			450	258	183	177	665
Commercial Starts			1	1	1	4	6
Residential Starts Value			$29,685,000	$27,161,000	$31,368,000	$24,039,000	$14,074,280
Commercial Starts Value			$2,950,000	$1,458,000	$150,000	$25,030,000	$947,000
Commercial Square Feet *			12,837	13,789	7,843	421,584	20,890
*The Cameron Club, 200 Cameron Station Boulevard
Source: Alexandria Fire Department, Code Enforcement Division.
ASSESSED PROPERTY VALUES
			2001	2000	1999	1998	1997
Total Commercial (includes apt. bldgs.)			$6,393,415,100	$5,937,690,200	$5,372,320,600	$5,101,799,700	$4,817,397,900
Commercial			$4,659,190,100	$4,353,193,800	$3,872,311,000	$3,725,195,700	$3,480,940,500
Apartments			$1,734,225,000	$1,584,496,400	$1,500,009,600	$1,376,604,000	$1,336,457,400
Total Residential			$7,573,896,600	$6,716,941,600	$6,169,055,400	$5,882,796,600	$5,742,376,500
Non-locally Assessed Public Service Prop.			$665,037,500	$640,675,900	$646,143,600	$620,693,900	$611,029,062
Avg. Assessed Value SF Units			$288,589	$258,978	$245,059	$237,816	$136,751
Avg. Assessed Value Condominiums			$112,561	$103,949	$102,705	$102,513	$104,323
Source: City of Alexandria Department of Real Estate Assessments
REGIONAL - NORTHERN VIRGINIA
COMMERCIAL CONSTRUCTION
			2000	1999	1998	1997	1996
Projects			375	318	336	223	187
Square Feet			27,479,196	21,698,646	15,994,136	10,707,523	7,506,057
Construction Value			$2,183,442,326	$1,764,182,293	$1,418,192,984	$919,953,581	$606,045,674
Source: Metropolitan Washington Council of Governments
HOUSING (Includes SF/TH/Condo)
			03/01	12/00	09/00	06/00	03/00
Total Units Sold			1,907	1,847	2,235	2,951	1,820
Total Units Sold Year to Date			4,712	25,575	19,839	12,145	4,239
Average Sale Price —Reporting Month			$269,813	$176,801	$245,660	$259,776	$247,081
Total Active MLS* Listings			3,102	1,996	3,200	4,204	3,568
*MLS is the Multiple Listing Service for Northern Virginia; Northern Virginia consists of the counties of Fairfax and Arlington and the cities of Alexandria, Fairfax and Falls Church.
Source: Northern Virginia Association of Realtors
AIRPORT PASSENGERS
			12 mos. thru 03/01	12 mos. thru 12/00	12 mos. thru 09/00	12 mos. thru 06/00	12 mos. thru 03/00
Ronald Reagan Washington National			16,281,289	15,888,199	15,508,293	15,242,552	15,028,093
Washington Dulles International			19,638,061	20,104,693	20,476,295	20,661,277	20,435,818
Source: Metropolitan Washington Airports Authority