Commercial Absorption Rates – Prince William County – April 2012

By
Commercial Real Estate Agent with Michael's Commercial LLC

Commercial Absorption Rates – Prince William County – April 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 April 30, 2012:

 Commercial Absorption Reports 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 no net increase of properties during this reporting period. We are presently in a Buyer’s Market.

  • General Business District – Minimal activity – There was an increase of one property during this reporting period. Six properties are currently in the inventory.
  •  Neighborhood Business District – No activity – There was a decrease of one property during this reporting period. No properties are currently in the inventory.
  • Convenience Retail District – No activity – No properties are currently in the inventory.
  • Office Low-Rise District – Minimal activity – There was a decrease of one property during this reporting period. One property is 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 – Minimal activity – There was an increase of one property during this reporting period. One property is 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 – April 2012 – April 30, 2012

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Topic:
Real Estate Market Trends
Location:
Virginia Prince William County
Groups:
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Tags:
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commercial absorption rates prince william county april 2012

Comments 36 New Comment

Rainmaker
863,476
Michael Setunsky
Your Commercial Real Estate Link to Northern VA
Michael's Commercial LLC

Ginny: Commercial real estate has a little ways to catch up with residential yet. Business is starting to pick up though. Thanks for the visit.

May 21, 2012 01:13 PM
Rainmaker
1,681,546
Gabe Sanders
Stuart Florida Real Estate
Martin County Residential Homes, Condos and Land Sales

Thanks for a very comprehensive commercial market report for Prince William County.

May 26, 2012 04:34 AM
Rainmaker
863,476
Michael Setunsky
Your Commercial Real Estate Link to Northern VA
Michael's Commercial LLC

Gabe: Thanks for your comment and the visit.

May 26, 2012 05:30 AM
Ambassador
586,823
Janna Scharf
Coeur d'Alene Real Estate Pro
Keller Williams Realty Coeur d'Alene

What good statistical commercial information that is for your area.  I will cross my fingers that your activity picks up sooner, rather than later!

May 26, 2012 04:22 PM
Rainmaker
863,476
Michael Setunsky
Your Commercial Real Estate Link to Northern VA
Michael's Commercial LLC

Janna: Thank you for your comment and the visit. Keep those fingers crossed.

May 27, 2012 06:18 AM
Rainmaker
863,476

Michael Setunsky

Your Commercial Real Estate Link to Northern VA
Call with your Commercial Real Estate questions!
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