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FY 2016 Q1 Report Quarter Development • • . • of Southlake2016 Note:The First Quarter of Fiscal Year 2016 for the City of Southlake is October 1,2015-December 31,2015 Updates to this document will be posted after each quarter and a comprehensive annual report for Fiscal Year 2016 will be published once data is available Please contact the Planning and Development Services Department with any questions City Overview Q1 Q2 Q3 Q4 FY 2016 FY 2016 FY 2016 FY 2016 Unemployment Rate* 3.5% Economic Overview Q1 Q2 Q3 Q4 FY 2016 FY 2016 FY 2016 FY 2016 Number of Home Sales 106 Average Home Sales Price $628,412 Total Existing Office Space(Square Feet) 3,134,194 Office Space Vacancy Rate 19.3% Total Retail Space(Square Feet) 3,942,745 Retail Space Vacancy Rate 4.5% DFW Office Vacancy Rate 14.0% DFW Retail Vacancy Rate 5.9% Development Highlights Q1 Q2 Q3 Q4 FY 2016 FY 2016 FY 2016 FY 2016 Total Number of Planning Applications(Site Plans,etc.) 56 Visitors to the Development Blog 1220 Pageviews 697 Unique Pageviews Number of New Residential Permits Issued 59 Number of New Commercial Permits Issued 7 Residential Construction Permit Value $44,167,317 Commercial Construction Permit Value $16,120,000 Residential Square Feet Permitted 337,036 Commercial Square Feet Permitted 107,632 Number of Sign Permits Issued 109 Number of Pool Permits Issued 25 Total Number of Building Permits Issued* 669 Revenue Q1 Q2 Q3 Q4 FY 2016 FY 2016 FY 2016 FY 2016 New Residential Permit Fees Collected $224,398.00 New Commercial Permit Fees Collected $107,981.10 Sign Permit Fees Collected $8,573.00 Pool Permit Fees Collected $10,300.00 Revenue from Building Permits(Total Fees Collected)** $508,289.25 *Information regarding the Unemployment Rate is from Tracer2.com as of November 2015 **Building Permits include:New Residential Construction,Residential Remodel/Addition,Accessory Building,Pool,New Commercial Construction, Commercial Remodel/Addition,Reoccupancy,Sign,MEP,Reroof,Clean&Show,Tent,Tree,Earth Distrurbance,Fence,POD,Concrete,Antenna, Irrigation,Well,Home Occupancy,Demolition,Misc.