Employment was down 0.7% from the Q4 2024 average of 205,700. Private sector employment in Q1 2025 increased by 3,400 (2.5%) compared to Q1 2024.
Employment
1st Quarter 2025
204,900
Up 4,100 from Q1 2024
+2.0%
MSA Initial Claims for Unemployment Compensation in Q1 2025 were up by 10 (2.1%) from a total of 470 in Q4 2024, and 77% less than the 10-year Q1 average of 2,053 during 2015-2024.
Unemployment Compensation Claims
1st Quarter 2025
480
46 more than in Q1 2024
+10.6%
Single-Family Construction Permits in Leon Co. totaled 143 (City of Tallahassee, 110; Unincorporated Leon Co., 33), up 33 (30.0%) from 110 permits in Q4 2024, and 16.8% lower than the 10-year Q1 average of 172 permits during 2015-2024.
New Single-Family Construction Permits
1st Quarter 2025
143
12 fewer than in Q1 2024
-7.7%
Median Sales Price was down 1.5% from Q3 2024, has risen in 12 of the past 20 quarters in the MSA, and has been more than 20% lower than the statewide median sales price since Q3 2021.
Median Single-Family Home Sales Price
4th Quarter 2024
$325,000
Up $3K from Q4 2023
+0.9%
MSA Tourist Development Tax Receipts increased by 27.2% from Q3 2024 (receipts for Q4 were higher than Q3 in 19 of the past 20 years). Receipts were 42% higher than the 5-year Q4 average of $2.08M during 2019-2023.
Tourist Tax Receipts
4th Quarter 2024
$2.95 M
Up $97K from Q4 2023
+3.4%
TLH Passengers in Q1 2025 were down 14.6% from Q4 2024 and 25% higher than the 10-year Q1 average of 175,763 during 2015-2024.
Tallahassee Passengers
1st Quarter 2025
219,877
4,225 fewer than in Q1 2024
-1.9%
The MSA 3-month average Unemployment Rate was up 0.2 points from 3.5% in Q4 2024. The 3-month average Unemployment Rate has been under 4% since Q4 2021.
Unemployment Rate
1st Quarter 2025
3.7%
Up from 3.2% in Q1 2024
+0.5 pts.
MSA Average Weekly Wage was unchanged from Q2 2024, with quarter-to-quarter increases in 15 of the past 20 quarters.
Average Weekly Wage
3rd Quarter 2024
$1,142
$67 more than in Q3 2023
+6.2%
Mortgage Foreclosures in Leon County were up by 17 from a total of 37 in Q4 2024. Foreclosures in Q1 2025 were 44% lower than the 10-year Q1 average of 97 during 2015-2024.
Mortgage Foreclosures
1st Quarter 2025
54
12 fewer than in Q1 2024
-18.2%
MSA Office Vacancy was up 0.5 points from 4.4% in Q4 2024, and has been under 6% every quarter since Q1 2020.
Office Vacancy Rate
1st Quarter 2025
4.9%
Up from 4.4% in Q1 of 2024
+0.5 pts.
MSA Industrial Vacancy was up 0.6 points from 2.6% in Q4 2024, and has been under 4% every quarter since Q1 2018.
Industrial Vacancy Rate
1st Quarter 2025
3.2%
Up from 1.4% in Q1 of 2024
+1.8 pts.
MSA avg. monthly Labor Force was down 186 (-0.1%) from Q4 2024. Statewide labor force in Q1 2025 was up only 0.7% compared to Q1 2024.
Labor Force
1st Quarter 2025
210,840
Up 3,674 from Q1 2024
+1.8%
MSA Taxable Sales in Q4 2024 were up 9.1% from Q3 2024, and 15% higher than the Q4 average of $1.51 B during 2019-2023.
Taxable Sales
4th Quarter 2024
$1.74 B
Up $65.6M from Q4 2023
+3.9%
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