Commercial Absorption Rates – Prince William County – March 2012

By
Commercial Real Estate Agent with Michael's Commercial LLC

Commercial Absorption Rates – Prince William County – March 2012

Commercial Real Estate Absorption Rates for Prince William County are offered as a service of Michael’s Commercial LLC. The monthly absorption rates are categorized by the following Prince William County Zoning Districts:

  • B-1 (General Business District)
  • B-2 (Neighborhood Business District)
  • B-3 (Convenience Retail District
  • O(L) (Office Low-Rise District)
  • O(M) (Office Mid-Rise District)
  • O(H) (Office High-Rise District)
  • O(F) (Office/Flex District)
  • M-1 (Heavy Industrial District)
  • M-2 (Light Industrial District)
  • M/T (Industrial/Transportation District)
  • PBD (Planned Business District)
  • PMD (Planned Mixed Use District)

Absorption Rates are established by how many properties have sold during a given period of time (e.g., 365, 180, 90 and 30 days). Absorption rates also allow tracking trends in the market for any given number of days, weeks or months. These trends can indicate whether we may be in a Sellers Market, a Neutral Market or a Buyers Market. A monthly absorption rate of 5-6 is usually considered a Neutral Market. Anything below five is regarded as a Sellers Market and anything above six a Buyers Market.

  • Sellers Market                         1-4 Months Supply
  • Neutral Market                        5-6 Months Supply
  • Buyers Market                           7 Plus Months Supply

The following tables reflect the Monthly Absorption Rates* for respective Zoning Districts in Prince William County ending on March 31, 2012:

Commercial Absorption Rates 1

Commercial Absorption Rates 2

Commercial Absorption Rates 3

 Total Number of Properties on Market. The number of properties on the market during the reporting period.

  • Total Number of Sales. The total number of Sold properties during the given reporting period.
  • Monthly Absorption Rate. The rate at which the Sold properties were absorbed in the market on a monthly basis.
  • Inventory. The number of available properties as of the reporting date.
  • Months Supply. The number of months it will take the properties to sell based on the number of properties that have sold during the reporting period.
  • Chance of Selling. The rate at which the properties in the inventory will sell based on the percentage of the total properties on the market and the total number of sales.

The tables above indicate that the commercial real estate market in Prince William County has been minimal during this reporting period. There were no commercial property sales within the last 30 days. Nine commercial properties are currently on the market. There was a net increase of two properties during this reporting period. We are presently in a Buyer’s Market.

  • General Business District – Minimal activity – There was an increase two properties during this reporting period. Five properties are currently in the inventory.
  •  Neighborhood Business District – Minimal activity – No increase in the number of properties during this reporting period. One property is currently in the inventory.
  • Convenience Retail District – No activity – No properties are currently in the inventory.
  • Office Low-Rise District – Minimal activity – No increase in the number of properties during this reporting period. Two properties are currently in the inventory.
  • Office Mid-Rise District – No activity – No properties are currently in the inventory.
  • Office High-Rise District – No activity – No properties are currently in the inventory.
  • Office/Flex District – No activity – No properties are currently in the inventory.
  • Heavy Industrial District – No activity –No properties are currently in the inventory.
  • Light Industrial District – Minimal activity – No increase in the number of properties during this reporting period. One property is currently in the inventory.
  • Industrial/Transportation District – No activity – No properties are currently in the inventory.
  • Planned Business District – No activity – No properties are currently in the inventory.
  • Planned Mixed Use District – No activity – No properties are currently in the inventory.

 

*The data presented here is compiled from information provided by the Metropolitan Regional Information System.

The information provided here is the author’s own interpretation of the Prince William County Commercial Real Estate market and makes no warranty or claim regarding the usefulness or implications of this information.

Michael Setunsky is the Broker and owner of Michael's Commercial LLC serving the Northern Virginia commercial real estate market. He has been licensed since 1985 and a Broker since 1990. As a commercial real estate and business broker, he has earned the distinction for being one of the top commercial real estate producers in the Mid-Atlantic Region. He also serves on the Mid Atlantic Real Estate Marketing Association's (MAREMA) Board of Directors, and is a Commonwealth of Virginia licensed Instructor. He teaches Pre-licensing, Post Licensing Education, Broker's and Continuing Education courses. Visit his company web site at http://michaelscommercial.com/.


©2012 Michael’s Commercial LLC, All Rights Reserved – Commercial Absorption Rates – Prince William County – March 2012 – March 31, 2012

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Show All Comments
Rainmaker
1,238,019
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Michael - Great information about commerical real estate in Prince William County.

April 03, 2012 05:22 PM #7
Rainmaker
892,636
Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Michelle: Thank you very much and thank you for the visit.

April 03, 2012 05:31 PM #8
Rainer
200,519
Cheryl Thomson, REALTOR, Retired (U.S. Army)
Buyers Advantage Real Estate Corp. (c: 703.216.5635) - Woodbridge, VA
Real Estate in Northern Virginia

Michael.  It is great to see the buidings being put up again. I'm hoping it will be a prosperous year for you.

April 04, 2012 01:33 PM #9
Rainmaker
892,636
Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Cheryl: I believe things are starting to pick up in our area. The same to you and thank you for the visit.

April 04, 2012 02:30 PM #10
Ambassador
1,737,625
Barbara-Jo Roberts Berberi & Corinna Birgit Cromartie
Charles Rutenberg Realty - Palm Harbor, FL
Palm Harbor & Dunedin FL Residential Real Estate

Another one of those great market reports that you always turn out, Michael!!!!

April 14, 2012 05:33 AM #11
Rainmaker
892,636
Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Barbara-Jo: Thank you, your comment is really appreciated.

April 14, 2012 05:43 AM #12
Ambassador
828,101
Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

Michael - Your detail is always amazing.  You really know the market there.  I wish you were closer!

April 20, 2012 12:21 PM #13
Rainmaker
892,636
Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Suzanne: Thank you very much and thank you for the visit.

April 20, 2012 01:05 PM #14
Rainmaker
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Ginny Gorman
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Amazing Michael, commercial has a ways to go in your area as mine...great info for sellers & buyer!

April 24, 2012 09:38 AM #15
Rainmaker
892,636
Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Ginny: We're still working on bring the numbers up. Thank you for your comment and the visit.

April 24, 2012 11:48 AM #16
Rainmaker
404,880
Ellen Caruso
Daniel Gale Sotheby's International Realty - Glen Head, NY

Michael, very thorough report....Because my husband is a builder and investor, I have dabbled a bit in commercial....we are greatfull we are fully occupied at this time.

April 25, 2012 06:55 PM #17
Rainmaker
945,422
Bob & Leilani Souza
Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California) - Roseville, CA
Placer County, CA: Foreclosures, Auctions, Rentals

Michael, these absorption rate charts are helpful info for both commercial buyers and sellers in Prince William County! :)

Leilani

April 25, 2012 07:01 PM #18
Ambassador
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Tammie White
Benchmark Realty, LLC (615) 495-0752 or www.TWRealtyGroup.net - Franklin, TN
TW Realty Group, Franklin TN, South of Nashville

Michael, these reports are so thorough. You are definitely the Prince William County commercial real estate expert.

April 25, 2012 07:33 PM #19
Rainmaker
892,636
Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Ellen: Commercial real estate is a different world and has its challenges. Thanks for stopping by.

April 26, 2012 05:57 AM #20
Rainmaker
892,636
Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Leilani: Hopefully, potential buyers and sellers find some value in this reports. Thanks for the visit.

April 26, 2012 05:59 AM #21
Rainmaker
892,636
Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Tammie: Thank you, you comment is very much appreciated. Thank you for the visit.

April 26, 2012 06:00 AM #22
Rainmaker
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Steve and Jan Bachman
RE/MAX Gateway, Reston, Herndon, Ashburn, Sterling, Fairfax - Herndon, VA
Realtors - Northern Virginia

Love the detail on this Michael. You clearly know your market and it shows. This actually helps me as well since I can speak about what is happening in some of the commercial areas as we drive by with clients.

April 26, 2012 08:53 AM #23
Rainmaker
892,636
Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Steve and Jan: Glad to hear this is helpful. Thank you for stopping by.

April 26, 2012 10:39 AM #24
Rainmaker
1,394,667
Rebecca Gaujot, Realtor®
Coldwell Banker Stuart & Watts Real Estate - Lewisburg, WV
Lewisburg WV Real Estate, Greenbrier County

If you are looking for commercial property in Prince William County, then call Michael Setunsky of Michael's Commercial LLC.

April 27, 2012 06:28 AM #25
Rainmaker
892,636
Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Rebecca: Thank you very much and for the visit.

April 27, 2012 12:23 PM #26
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Rainmaker
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Michael Setunsky

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