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Data Dashboard: Commercial Building Permits

Title

Commercial Building Permits

Trend at a Glance

 

 
 

At last count

175 permits issued for new commercial buildings from January through June 2014

Current Through

June 2014

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. Construction is a key measure of economic activity, providing insight into the health of the local economy, 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 for new construction fell by 61% from 2008, and the dollar value of those permits fell by 75%. By 2012, the value of commercial permits had surpassed 2005 levels.

Did you know?

Since 2008 the number of permits issued for demolishing buildings exceeded the number issued for constructing new commercial buildings in 2009, 2010 and 2011.

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. Wake County Revenue Department's commercial building permit data includes permits issued for apartments, industrial, commercial, office and other non-residential building.

Charts & Maps

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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

 

Attachments

Created at 7/29/2014 4:06 PM by Lori K. Neumeier
Last modified at 12/11/2014 3:31 PM by Stephen R. Walston
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