Virginia. Real Estate and Rental and Leasing Profile
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1 Virginia Real Estate and Rental and Leasing Profile September 2016
2 For additional information or explanation of the contents of this document, you may contact the Economic/Operations Research section at (804) or Publication Staff: Timothy O. Kestner, Editor; Joan McDorman, Assistant Editor; Linda Simmons, Graphic Design/Layout
3 ESTABLISHMENTS
4 NAICS Code Industry 1995 Average Establishments 2010 Average Establishments 2015 Average Establishments 2015 Average Employment 2015 Employment per Establishment Lessors of Residential Buildings 1,279 1,231 1,182 9, Lessors of Nonresidential Buildings Miniwarehouse and Self-Storage Unit Operators Lessors of Other Real Estate Property Offices of Real Estate Agents and Brokers , , ,682 2,691 2,674 9, Real Estate Property Managers 965 1,540 1,878 15, Offices of Real Estate Appraisers Other Activities Related to Real Estate Passenger Car Rental and Leasing Truck, Trailer, and RV Rental and Leasing Consumer Electronics and Appliances Rental , , , Video Tape and Disc Rental Other Consumer Goods Rental , General Rental Centers Heavy Machinery Rental and Leasing Office Equipment Rental and Leasing Other Machinery Rental and Leasing Lessors of Nonfinancial Intangible Assets , Real Estate and Rental and Leasing Total 6,960 8,858 9,119 52,639 6 All Industries 172, , ,081 3,734, Employment and wages of a real estate salesman paid solely by commission are not included in the data.
5 Real Estate and Rental and Leasing Establishments Annual Averages Thousands Source: Quarterly Census of Employment and Wages
6
7 Wages
8 NAICS Code Industry Average Weekly Wage Change Change Percent Percent Lessors of Residential Buildings $356 $716 $ % 22.5% Lessors of Nonresidential Buildings $425 $1,066 $1, % 14.0% Miniwarehouse and Self-Storage Unit Operators $285 $521 $ % 6.9% Lessors of Other Real Estate Property $338 $607 $ % 40.2% Offices of Real Estate Agents and Brokers $545 $1,009 $1, % 21.1% Real Estate Property Managers $494 $916 $1, % 19.2% Offices of Real Estate Appraisers $555 $888 $ % 10.2% Other Activities Related to Real Estate $543 $1,092 $1, % 30.5% Passenger Car Rental and Leasing $377 $610 $ % 4.4% Truck, Trailer, and RV Rental and Leasing $513 $748 $ % 7.9% Consumer Electronics and Appliances Rental $372 $614 $ % 7.5% Video Tape and Disc Rental $161 $261 $ % 41.8% Other Consumer Goods Rental $449 $683 $ % 2.5% General Rental Centers $457 $670 $ % 10.0% Heavy Machinery Rental and Leasing $629 $1,084 $1, % 13.7% Office Equipment Rental and Leasing $1,083 $1,515 $1, % 29.7% Other Machinery Rental and Leasing $532 $895 $1, % 12.1% Lessors of Nonfinancial Intangible Assets $878 nondisclosable data $1, % N/A Real Estate and Rental and Leasing Total $435 $842 $1, % 19.6% All Industries $517 $955 $1, % 9.3% Employment and wages of a real estate salesman paid solely by commission are not included in the data.
9 Real Estate and Rental and Leasing Average Weekly Wages Annual Averages 1,100 1, Dollars Source: Quarterly Census of Employment and Wages
10
11 Employment
12 NAICS Code Industry Average Employment Change Change Number Percent Number Percent Lessors of Residential Buildings Lessors of Nonresidential Buildings Miniwarehouse and Self- Storage Unit Operators Lessors of Other Real Estate Property Offices of Real Estate Agents and Brokers Real Estate Property Managers Offices of Real Estate Appraisers Other Activities Related to Real Estate Passenger Car Rental and Leasing Truck, Trailer, and RV Rental and Leasing Consumer Electronics and Appliances Rental 10,594 9,200 9,347-1, % % 3,912 2,630 2,330-1, % % 625 1,199 1, % % % % 7,977 9,635 9,460 1, % % 8,477 13,614 15,124 6, % 1, % % % , % % 2,830 3,391 3,868 1, % % 1, , % % % % Video Tape and Disc Rental 4,659 1, , % -1, % Other Consumer Goods Rental 1,859 2,667 2,860 1, % % General Rental Centers 1,003 1, % % Heavy Machinery Rental and Leasing Office Equipment Rental and Leasing Other Machinery Rental and Leasing 698 1,059 1, % % % % % % Lessors of Nonfinancial Intangible Assets 295 nondisclosable data % N/A N/A Real Estate and Rental and Leasing Total 48,339 51,486 52,639 4, % 1, % All Industries 3,011,821 3,535,451 3,734, , % 199, % Employment and wages of a real estate salesman paid solely by commission are not included in the data.
13 Real Estate and Rental and Leasing Employment Annual Averages Thousands Source: Quarterly Census of Employment and Wages
14
15 Geographic Data
16
17 Real Estate and Rental and Leasing Totals for 2015 Area Establishments Average Employment Average Weekly Wage Accomack County $568 Albemarle County $844 Alexandria city 275 1,852 $1,318 Alleghany County 4 non-disclosable data non-disclosable data Amelia County 6 6 $503 Amherst County $574 Appomattox County $623 Arlington County 361 3,101 $1,226 Augusta County $669 Bath County 7 26 $653 Bedford County $632 Bland County 2 non-disclosable data non-disclosable data Botetourt County $663 Bristol city $572 Brunswick County 5 10 $340 Buchanan County $734 Buckingham County 3 4 $361 Buena Vista city 4 8 $351 Campbell County $600 Caroline County $358 Carroll County $563 Charles City County 3 4 $2,436 Charlotte County 8 13 $292 Charlottesville city $818 Chesapeake city 277 1,318 $779 Chesterfield County 290 1,395 $933 Clarke County $456 Colonial Heights city $655 Covington city 8 27 $380 Craig County 3 12 $994 Culpeper County $604 Cumberland County 1 non-disclosable data non-disclosable data Danville city $600 Dickenson County 2 non-disclosable data non-disclosable data Dinwiddie County 8 54 $543 Emporia city $476 Essex County 8 67 $796 Fairfax city $984 Fairfax County 1,529 9,606 $1,411 Falls Church city $1,079 Fauquier County $1,239 Floyd County 5 12 $296 Fluvanna County $820 Franklin city $654 Franklin County $900 Frederick County $920 Fredericksburg city $876
18 Area Establishments Average Employment Average Weekly Wage Galax city $737 Giles County 8 12 $586 Gloucester County $570 Goochland County $928 Grayson County 8 27 $2,287 Greene County 7 20 $606 Greensville County 3 non-disclosable data non-disclosable data Halifax County $491 Hampton city $666 Hanover County $847 Harrisonburg city $626 Henrico County 456 3,865 $1,008 Henry County $597 Highland County 1 non-disclosable data non-disclosable data Hopewell city $740 Isle of Wight County $681 James City County $954 King and Queen County 1 non-disclosable data non-disclosable data King George County $635 King William County 9 29 $502 Lancaster County $438 Lee County $436 Lexington city $664 Loudoun County 372 1,739 $1,133 Louisa County $575 Lunenburg County 2 non-disclosable data non-disclosable data Lynchburg city $658 Madison County 8 14 $532 Manassas city $990 Manassas Park city 7 47 $661 Martinsville city $517 Mathews County 9 13 $558 Mecklenburg County $565 Middlesex County 9 21 $443 Montgomery County $736 Nelson County $538 New Kent County $603 Newport News city 251 1,767 $797 Norfolk city 291 2,307 $943 Northampton County $541 Northumberland County $652 Norton city $494 Nottoway County $482 Orange County $781 Page County 9 non-disclosable data non-disclosable data Patrick County 4 3 $593 Petersburg city $635 Pittsylvania County $404 Poquoson city 8 23 $768 Portsmouth city $654
19 Area Establishments Average Employment Average Weekly Wage Powhatan County $938 Prince Edward County $481 Prince George County $772 Prince William County 329 1,593 $942 Pulaski County $530 Radford city $589 Rappahannock County 5 11 $507 Richmond city 291 1,776 $946 Richmond County 6 20 $493 Roanoke city $670 Roanoke County $751 Rockbridge County 8 non-disclosable data non-disclosable data Rockingham County $754 Russell County 8 25 $474 Salem city $649 Scott County 7 14 $424 Shenandoah County $438 Smyth County $736 Southampton County 8 38 $528 Spotsylvania County $710 Stafford County $754 Staunton city $632 Suffolk city $930 Surry County 4 18 $658 Sussex County 5 11 $481 Tazewell County $521 Virginia Beach city 633 4,440 $1,021 Warren County $605 Washington County $619 Waynesboro city $580 Westmoreland County $373 Williamsburg city $789 Winchester city $785 Wise County $657 Wythe County $501 York County $999 State Total 9,119 52,639 $1,007 Note: An area not listed indicates that the industry is not found at this location. Source: Quarterly Census of Employment and Wages
20
21 UI Tax Rate
22 2016 UI Taxes by Industry (Base Rate Only) NAICS Code Industry Average Tax Pct. at Minimum Pct. at Maximum 11 Agriculture, Forestry, Fishing and Hunting 0.80% 75.9% 5.2% 21 Mining 2.87% 35.3% 32.4% 22 Utilities 1.34% 49.2% 9.8% 23 Construction 1.53% 61.7% 13.6% Manufacturing 1.58% 52.2% 11.6% 42 Wholesale Trade 1.18% 68.6% 9.4% Retail Trade 0.79% 71.9% 4.0% Transportation and Warehousing 1.29% 61.5% 10.3% 51 Information 1.27% 66.1% 10.0% 52 Finance and Insurance 0.91% 74.4% 6.1% 53 Real Estate and Rental and Leasing 0.86% 77.5% 6.0% 531 Real Estate 0.79% 79.8% 5.6% 532 Rental and Leasing Services 1.54% 55.5% 10.6% 533 Lessors of Nonfinancial Intangible Assets 0.85% 70.4% 3.7% 54 Professional and Technical Services 1.01% 74.3% 8.0% 55 Management of Companies and Enterprises 1.36% 64.6% 11.5% 56 Administrative and Waste Services 1.37% 61.3% 10.9% 61 Educational Services 0.73% 75.8% 4.9% 62 Health Care and Social Assistance 0.78% 77.7% 5.8% 71 Arts, Entertainment, and Recreation 0.71% 74.3% 4.8% 72 Accommodation and Food Service 0.59% 69.5% 2.2% 81 Miscellaneous Services 0.60% 84.4% 4.1% Total for All Taxable Industries 0.96% 72.5% 7.2% (excludes 0.07% pool tax)
23 State UI Tax Rate Real Estate and Rental and Leasing vs. Total Annual Averages 1.4 Percent of Taxable Wages Real Estate and Rental and Leasing Total Base rate only; excludes pool and fund building surtaxes. State UI Surtax Rates 0.6 Percent of Taxable Wages Pool Fund building
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