MIDDLE ATLANTIC

Nov. 1, 2004
2005 SALES FORECAST +6.8% MIDDLE ATLANTIC What a difference a year makes. The New York metropolitan area posted solid gains in office construction and

2005 SALES FORECAST +6.8% MIDDLE ATLANTIC

What a difference a year makes. The New York metropolitan area posted solid gains in office construction and employment, and 2005 looks even better. The Big Apple will enjoy the construction of million-square-foot trophy jobs for the foreseeable future, including a $400 million headquarters for The New York Times and an enormous office tower for Bank of America in midtown. The 1.7-million-square-foot 7 World Trade Center is scheduled to open in December 2005, and a total of five office towers with 10 million square feet of office and retail space at the World Trade Center site are on the drawing boards and expected to open in 2010. Across the Hudson, New Jersey has absorbed millions of square feet of office space during the past year. The Garden State is getting a reputation as the Warehouse State. With easy interstate access to all parts of the most densely populated region of the United States, huge warehouses are sprouting up along Exit 8A on the New Jersey Turnpike, and the area has become one of the leading warehousing hubs in the nation.

ELECTRICAL WHOLESALERS' SALES
(in millions of dollars)EW Estimates Final Final Final Final Forecast Forecast 2000 2001 2002 2003 2004 2005Middle Atlantic 11,049.8 10,571.3 10,409.1 10,492.7 12,395.2 13,236.4New Jersey 3,064.6 2,931.9 2,886.9 2,910.0 3,437.7 3,671.0New York 4,570.2 4,372.3 4,305.2 4,339.8 5,126.6 5,474.5Pennsylvania 3,415.1 3,267.2 3,217.0 3,242.9 3,830.9 4,090.8EMPLOYMENT STATISTICSActualin thousands EC M C GMiddle Atlantic s110,681 1,639.8 10,973.8 2,716.5New Jersey 25,818 346.3 2,421.9 606.6Atlantic City PMSA 1,288 5.8 154.0 31.8Bergen-Passaic PMSA 3,900 70.6 393.2 75.1Camden NA 46.2 314.9 80.0Jersey City PMSA 827 13.8 142.7 39.0Middlesex-Somerset-Hunterdon PMSA 3,600 72.7 370.7 80.2Monmouth-Ocean PMSA 3,037 16.6 286.8 67.5Newark PMSA 8,670 98.3 586.4 154.2Trenton PMSA 578 8.7 134.2 62.3Vineland-Millville-Bridgeton PMSA 295 9.9 28.4 13.5New York 54,218 596.1 5,173.0 1,424.0Albany-Schenectady-Troy MSA NA 26.6 267.0 105.7Binghamton MSA 507 17.7 57.6 20.8Buffalo MSA 1,994 65.9 311.6 92.5Dutchess County PMSA 694 16.4 69.2 21.9Elmira MSA 244 6.5 22.0 7.0Glens Falls MSA 202 7.2 34.1 9.7Nassau-Suffolk PMSA 8,890 85.9 755.0 185.8New York- Northern NJ-Long Island PMSA NA 633.3 6,012.2 1,475.6New York PMSA NA 150.4 2,664.6 645.5New York City 27,740 118.6 2,322.7 555.4Newburgh PMSA 1,022 8.6 80.4 27.9Putnam County NA 1.3 15.5 4.6Rochester MSA 2,770 81.8 304.1 80.7Rockland County NA 11.6 66.2 19.4Syracuse MSA 1,371 36.8 194.4 59.9Utica-Rome MSA 392 14.2 71.8 31.2Westchester County NA 18.9 260.2 66.1Pennsylvania 30,645 697.4 3,378.9 685.9Allentown-Bethlehem MSA 1,579 40.5 169.8 30.3Altoona MSA 371 8.4 33.5 8.4Erie MSA 696 24.8 76.2 14.6Harrisburg-Lebanon-Carlisle MSA NA 35.8 204.1 68.4Johnstown MSA 418 9.0 51.6 13.4Lancaster MSA 1,478 46.3 123.7 18.3Philadelphia PMSA 15,468 213.9 1,533.5 285.3Philadelphia City NA 31.3 449.5 112.6Pittsburgh MSA 7,410 105.6 709.5 113.3Reading MSA 1,181 30.8 90.5 18.9Scranton-Wilkes-Barre MSA NA 42.0 156.2 34.5Sharon MSA 86 8.6 28.8 5.3State College MSA 330 5.0 30.4 26.7Williamsport MSA 225 12.8 27.0 6.9York MSA 1,008 38.0 85.1 16.4