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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Anonymous
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Michael - very comprehensive information for those seeking commercial properties in Prince William County.

May 12, 2012 10:23 PM #17
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Karen: Thank you very much and thank you for stopping by.

May 13, 2012 05:48 AM #18
Rainer
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Irene Durocher
Coldwell Banker BUYERS AGENT - Boca Raton, FL
homesweethome4u@att.net

Great information Mike on the market trends. Thank you for sharing with us.

May 15, 2012 04:45 PM #19
Rainmaker
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Rebecca Gaujot, Realtor®
Coldwell Banker Stuart & Watts Real Estate - Lewisburg, WV
Lewisburg WV Real Estate, Greenbrier County

Michael, your detailed commercial reports are really phenomenal. 

May 15, 2012 07:36 PM #20
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Irene: You're quite welcome! Thank you for stopping by.

May 16, 2012 04:53 AM #21
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Rebecca: Thank you very much!! Thank you for the visit.

May 16, 2012 04:54 AM #22
Ambassador
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Your report is amazing. You are the local expert for commercial property in Northern Virginia. Have a great weekend.

May 18, 2012 10:21 AM #23
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Debbie: Thank you and you have a great weekend too! Thanks for stopping by.

May 18, 2012 10:36 AM #24
Rainmaker
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Don Sabinske
Don Sabinske, Sabinske & Associates Inc. - Zimmerman, MN
Sabinske & Associates Inc.

Michael, these are amazing reports.  I am subscribing just because of the quality of your posts.   Thanks.

May 19, 2012 01:52 PM #25
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Don: Thank you for subscribing and thank you for stopping by.

May 20, 2012 05:34 AM #26
Rainmaker
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Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Pasadena Real Estate Representation 818.516.4393

Michael -- very thorough and concise report -- valuable tool for buyers or sellers of commercial property.  

May 21, 2012 08:43 AM #27
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Michael: Thanks, I appreciate your comment and the visit.

May 21, 2012 08:56 AM #28
Rainmaker
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Roy Kelley
Retired Real Estate Broker, Maryland Blogger - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Excellent report.  I hope you are having a most productive spring.

Have an outstanding week, with your camera in hand. 

May 21, 2012 11:24 AM #29
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

Michael, as always i enjoy your commercial analyses...6 years of inventory...not too different here either.

May 21, 2012 12:03 PM #30
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Roy: The same to you! I know I don't have to tell you to keep your camera in hand. Thanks for stopping by.

May 21, 2012 01:11 PM #31
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

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 #32
Rainmaker
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Gabe Sanders
the BlueWater Realty team specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

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

May 26, 2012 04:34 AM #33
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Gabe: Thanks for your comment and the visit.

May 26, 2012 05:30 AM #34
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Janna Scharf
Keller Williams Realty Coeur d'Alene - Coeur d'Alene, ID
Coeur d'Alene Real Estate Pro

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 #35
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

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

May 27, 2012 06:18 AM #36
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Rainmaker
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Michael Setunsky

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