CLIPBOARD : Non-Residential Building Valuations

The total value of non-residential building in Orange County declined 20% during the first 10 months of 1990, compared to 1989. Of the five major kinds of permits issued, only the value of those for stores and mercantile buildings exceeds 1989 totals.

In the five-county Southern California area--Orange County and its four contiguous neighbors--just 16% of the total dollar value was in Orange County, about the same as last year’s 17%. Only 9% of the statewide value was registered here.

Here is how things stood after 10 months:

% of 1990 10 Months 10 Months 1989-’90 5-County Building Type 1989 1990 % Change Total Industrial $114,971 $63,356 -45 9 Office 305,254 193,895 -36 19 Stores/Mercantile 155,803 182,321 +17 16 Hotels/Motels 67,328 31,044 -54 10 Alterations/Additions 411,839 339,139 -18 17 TOTAL $1,265,658 $1,015,652 -20 16

% of 1990 State Building Type Total Industrial 5 Office 12 Stores/Mercantile 11 Hotels/Motels 7 Alterations/Additions 9 TOTAL 9

Note: Amounts listed in thousands of dollars, not adjusted for inflation; “total non-residential building” category includes permit activity not shown above.

Source: Construction Industry Research Board