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Data Dashboard: Commercial Building Permits

Title

Commercial Building Permits

Trend at a Glance

At last count

571 permits issued in 2013

Current Through

December 2013

Category

Development

What does this measure?

The number and value of commercial building permits includes the count of and cumulative dollar value of all permits issued annually that change the tax value of commercial real property. Such changes include new building, additions, renovations, and demolitions. Issued permits that do not modify the taxable value of real property, such as permits for mechanical, electrical, plumbing, and other minor alterations, are not reported in this indicator. Because construction is a key measure of economic activity, this indicator provides insight into the health of the local economy, land development patterns, and building industry status. Because the permits included here are only those that change tax value, this indicator may be used to estimate changes to the property tax base on a year-to-year basis.

How is Wake County performing?

The effects of the national economic downturn were apparent in Wake County’s construction sector. In 2009, the number of permits issued fell 43%, and the dollar value of those permits fell 78%. By 2012, the value of commercial permits had surpassed 2005 levels.

Did you know?

The number of commercial permits issued in 2013 was up 70% over the weakest year during the recession.

Data Source

Data Considerations

The number and cumulative value of commercial permits takes into consideration only those permits that change the tax value of the property they affect.

Charts & Maps

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ComPermits02_2013.PNG 

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Data is updated:

Data is made available monthly by the Wake County Revenue Department. Data is published here biannually on or around February 15 and August 15 by Wake County Planning, Development, and Inspections.

Related Resources

Revisions

Not applicable.

Attachments

Created at 1/3/2014 4:18 PM by Lori K. Neumeier
Last modified at 6/2/2014 4:02 PM by Lori K. Neumeier
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