NONRESIDENTIAL BUILDING FUTURES
The value of nonresidential building permits, running arear of 1988 all year, continued to do so through October, the most recent month for which information is available. During the first 10 months of 1989, $1.24 billion worth of these permits were issued in Orange County, 11% less than for the comparable period last year.
In neighboring counties, Los Angeles and San Bernardino also recorded year-to-date slumps compared to 1988--but less severe than here. Riverside and San Diego, on the other hand, both had increases.
In only one of the five basic categories of permits has Orange County increased from last year--alterations and/or additions (up 15%). Permit values for industrial buildings (down 3%), office buildings (23%), stores and mercantile buildings (39%) and hotels/motels (18%) were all below 1988.
1988-’89 % of 1989 Jan.-Oct. Jan.-Oct. Percent 5-County County 1988 1989 Change Total TOTAL NONRESIDENTIAL BUILDING Los Angeles $4,013,313 $3,852,806 -4 53 Orange 1,395,831 1,240,395 -11 17 Riverside 475,007 548,247 +15 7 San Bernardino 678,223 659,465 -3 9 San Diego 960,484 1,010,235 +5 14 Five-County Total 7,522,858 7,311,148 -3 100 STATE TOTAL $11,972,009 $11,540,180 -4 -- INDUSTRIAL BUILDINGS Los Angeles $387,935 $291,643 -25 35 Orange 112,826 109,649 -3 13 Riverside 100,050 114,993 +15 14 San Bernardino 235,240 203,948 -13 24 San Diego 93,812 116,007 +24 14 Five-County Total 929,863 836,240 -10 100 STATE TOTAL $1,461,558 $1,380,476 -6 -- OFFICE BUILDINGS Los Angeles $986,108 $1,203,499 +22 62 Orange 397,708 306,060 -23 16 Riverside 53,581 64,874 -21 3 San Bernardino 58,595 83,005 +42 4 San Diego 223,210 282,275 +26 15 Five-County Total 1,719,202 1,939,713 +13 100 STATE TOTAL $2,387,175 $2,483,414 +4 -- STORES/MERCANTILE BUILDINGS Los Angeles $482,223 $360,616 -25 38 Orange 238,749 145,944 -39 15 Riverside 120,380 139,534 +16 14 San Bernardino 205,176 170,764 -17 18 San Diego 174,607 140,870 -19 15 Five-County Total 1,221,135 957,728 -22 100 STATE TOTAL $1,987,109 $1,657,305 -17 -- HOTELS/MOTELS Los Angeles $222,814 $139,166 -38 45 Orange 81,704 67,328 -18 21 Riverside 22,695 9,445 -58 3 San Bernardino 6,739 14,922 +121 5 San Diego 65,964 80,962 +23 26 Five-County Total 399,916 311,823 -22 100 STATE TOTAL $539,279 $456,156 -15 -- ALTERATIONS AND ADDITIONS Los Angeles $1,181,068 $1,251,500 +6 60 Orange 350,304 402,976 +15 19 Riverside 55,324 78,918 +43 4 San Bernardino 99,868 104,070 +4 5 San Diego 223,901 251,556 +12 12 Five-County Total 1,910,465 2,089,020 +9 100 STATE TOTAL $3,408,851 $3,655,146 +7 --
% of 1989 State County Total TOTAL NONRESIDENTIAL BUILDING Los Angeles 33 Orange 11 Riverside 4 San Bernardino 6 San Diego 9 Five-County Total 63 STATE TOTAL 100 INDUSTRIAL BUILDINGS Los Angeles 21 Orange 8 Riverside 8 San Bernardino 15 San Diego 8 Five-County Total 60 STATE TOTAL 100 OFFICE BUILDINGS Los Angeles 49 Orange 12 Riverside 3 San Bernardino 3 San Diego 11 Five-County Total 78 STATE TOTAL 100 STORES/MERCANTILE BUILDINGS Los Angeles 22 Orange 9 Riverside 8 San Bernardino 10 San Diego 9 Five-County Total 58 STATE TOTAL 100 HOTELS/MOTELS Los Angeles 30 Orange 15 Riverside 2 San Bernardino 3 San Diego 18 Five-County Total 68 STATE TOTAL 100 ALTERATIONS AND ADDITIONS Los Angeles 34 Orange 11 Riverside 2 San Bernardino 3 San Diego 7 Five-County Total 57 STATE TOTAL 100
Note: Amounts listed in thousands of dollars, not adjusted for inflation
Source: Construction Industry Research Board