Exclusive Investment Offering: Condominium Interest - Transwestern

Demographic Summary
Fairfax County has been one of the most rapidly growing
jurisdictions in the United States over the past three decades
– more than doubling the size of its population since 1970.
Despite this growth downtown McLean has been successful in
retaining its small-town charm. Its current population is 67,500
and is projected to grow 17% by 2025. Residents within a mile
radius of The Palladium boast a median household income of
$158,000, one of the highest in the country and nearly triple that
of Virginia at $54,240. Income levels are likely to remain in the
uppermost tier because of the area’s low unemployment rates
(3.0%), high levels of educational attainment, and the diversity
of public and private job sectors. Housing values in McLean
also benefit from the region’s economic stability; the estimated
home value is $865,000 which has grown 120% since 2000 when
it stood at $388,000.
The Shops at The Palladium November 2007
1445 LAUGHLIN AVENUE, MCLEAN, VA
1 Mile Radius 3 Mile Radius 5 Mile Radius
POPULATION
2006 Estimated Population 10,162 77,209 263,319
2011 Projected Population 10,499 79,644 270,308
2000 Census Population 9,709 74,118 254,849
1990 Census Population 9,736 69,952 233,023
Historical Annual Growth 1990 to 2006 0.3% 0.6% 0.8%
Projected Annual Growth 2006 to 2011 0.7% 0.6% 0.5%
2006 Median Age 46.0 41.8 40.6
HOUSEHOLDS
2006 Estimated Households 4,029 30,791 102,671
2011 Projected Households 4,158 31,654 104,924
2000 Census Households 3,877 29,705 99,570
1990 Census Households 3,741 27,206 89,766
Historical Annual Growth 1990 to 2006 0.5% 0.8% 0.9%
Projected Annual Growth 2006 to 2011 0.6% 0.6% 0.4%
POPULATION BY RACE
2006 Estimated White 78.6% 78.2% 76.8%
2006 Estimated Black or African American 2.1% 2.6% 3.9%
2006 Estimated Asian & Pacific Islander 16.4% 15.6% 14.3%
2006 Estimated American Indian & Native Alaskan 0.1% 0.1% 0.2%
2006 Estimated Hispanic 5.5% 7.9% 10.8%
INCOME
2006 Estimated Average Household Income $ 158,572 $ 154,514 $ 150,072
2006 Estimated Median Household Income $ 126,733 $ 122,395 $ 119,197
2006 Estimated Per Capita Income $ 62,938 $ 61,863 $ 58,916
EDUCATION (AGE 25+)
2006 High School Graduate 8.4% 9.5% 10.0%
2006 Some College 9.2% 8.6% 9.2%
2006 Associates Degree Only 4.7% 4.6% 4.5%
2006 Bachelors Degree Only 28.9% 32.2% 31.2%
2006 Graduate Degree 47.0% 43.1% 41.3%
BUSINESS
Number of Businesses 1,390 4,836 14,166
Total Number of Employees 9,969 67,776 178,633
Employee Population per Business 7.2 14.0 12.6
Residential Population per Business 7.3 16.0 18.6
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At left: Tysons Corner Center
Above: New Housing along Chain Bridge Road
ASSET INVESTMENT SALES GROUP