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.