General Plan Update - City of Inglewood

Chapter 5 – Real Estate Trends
5.1 Building Activity
Non-residential Building Activity
• Table 5-1 and Figure 5-1 show non-residential building activity trends in the City of
Inglewood from 1994 to 2004 based on the data provided by the Construction Industry
Research Board.
• As shown in constant 2006 dollars, nearly all of the building activity permitted in terms
of valuation over this time period was commercial, which averaged 99.8 percent of the
total valuation annually compared to just 0.2 percent for industrial valuation.
• As shown in Figure 5-1, industrial building activity only occurred in 1999 and the
valuation for this industrial building was quite small, only $189,000.
• The valuation for new commercial buildings displayed significant fluctuation over the 10
year time period. The valuation (in constant 2006 dollars) for new commercial buildings
ranged from just $612,000 in 1995 to about 28.3 million in 2003.
Table 5-1
City of Inglewood
Non-Residential Building Permit Valuations: 1994-2004
(In thousands of constant 2006 dollars)
Year Commercial % of Total Industrial % of Total Total Units
1994 $1,963 100.0% $0 0.0% $1,963
1995 612 100.0% 0 0.0% 612
1996 1,674 100.0% 0 0.0% 1,674
1997 704 100.0% 0 0.0% 704
1998 1,994 100.0% 0 0.0% 1,994
1999 11,572 98.4% 189 1.6% 11,761
2000 17,855 100.0% 0 0.0% 17,855
2001 1,370 100.0% 0 0.0% 1,370
2002 3,659 100.0% 0 0.0% 3,659
2003 28,331 100.0% 0 0.0% 28,331
2004 $8,898 100.0% $0 0.0% $8,898
Annual Average $7,148 99.8% $17 0.2% $7,166
Source: Stanley R. Hoffman Associates, Inc.
Construction Industry Research Board.
5-1 Non-Residential Building Permit Valuations: 1994-2004
Stanley R. Hoffman Associates, Inc. 49 Economic Conditions and Trends
April 20, 2006
City of Inglewood General Plan Update