Commercial Absorption Rates – Prince William County – June 2012

By
Commercial Real Estate Agent with Michael's Commercial LLC

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

 Commercial Absorption Rate 1

Commercial Absorption Rate 2

Commercial Absorption Rate 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. Fourteen commercial properties are currently on the market. There is 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 of two properties during this reporting period. Eight properties are currently in the inventory.
  •  Neighborhood Business District – No activity –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 – No new properties 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 – Minimal activity – There was an increase of two properties during this reporting period. Two properties are currently in the inventory.
  • Light Industrial District – Minimal activity – No new 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 – No new properties during this reporting period. Two 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 – June 2012 – June 30, 2012

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Show All Comments
Rainmaker
548,233
Curtis Van Carter
Coldwell Banker Brokers of the Valley, Yountville Napa Valley - Yountville, CA
Napa Valley's Broker Extraordinaire in Yountville

Michael

What a thorough bit of commercial market material. Unfortunately, I only saw 1 sale in all the above. Hopefully there are some others and they were all yours, cheers cvc

Jul 10, 2012 08:43 AM #9
Rainmaker
893,958
Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Curtis: Working on one to settle next week. Thanks for stopping by.

Jul 10, 2012 10:01 AM #10
Rainmaker
1,420,013
Rebecca Gaujot, Realtor®
Coldwell Banker Stuart & Watts Real Estate - Lewisburg, WV
Lewisburg WV Real Estate, Greenbrier County

Michael, you definitely know the commercial market in Prince William Count.  I am sure the consumers appreciate your reports.

Jul 11, 2012 09:13 AM #11
Rainmaker
893,958
Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Rebecca: Thank you very much.

Jul 11, 2012 10:59 AM #12
Rainmaker
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The Isaacs Team
Coldwell Banker Residential Brokerage - Washington, DC
Savvy agents/Superior service/Successful outcomes

Wow, really good, detailed post on commercial absorption rates for Prince William County, Michael!

Jul 15, 2012 07:19 AM #13
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Susan: Thank you for your comment and the visit. Much appreciated!

Jul 16, 2012 05:07 AM #14
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John McCormack
Albuquerque Homes Realty * www.AlbuquerqueHomes.com - Albuquerque, NM
AlbuquerqueHomes.com, Albuquerque Homes Realty

Michael you have certainly shown your knowledge of the commercial market in Prince William County!  Great job and I know Google has to be loving this report as well as consumers!

Thanks for dropping by my post today.  You are always greatly appreciated my friend.

Jul 19, 2012 08:15 AM #15
Rainmaker
893,958
Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

John: you're very welcome and thank you for stopping by.

Jul 19, 2012 09:18 AM #16
Rainmaker
403,777
Regina P. Brown
California Coast & Country Homes, Inc. - San Luis Obispo, CA
e-Pro Realtor

Michael, very informative!  Thank you for keeping us updated.  Have a great weekend!

Jul 21, 2012 08:34 AM #17
Rainmaker
893,958
Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Regina: Thank you very much for the visit and a good weekend to you.

 

Jul 21, 2012 01:37 PM #18
Rainmaker
694,784
Steve and Jan Bachman
RE/MAX Gateway, Reston, Herndon, Ashburn, Sterling, Fairfax - Herndon, VA
Realtors - Northern Virginia

 

 

Michael, I wonder what relationship exists between the commercial recovery and the residential recovery. We also see continuedfairfax county real estate agents Jan and Steve Bachman commercial construction all around the Beltway...weird. Why do they keep building?

Jul 23, 2012 07:40 AM #19
Rainmaker
893,958
Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Steve and Jan: Commercial real estate is picking up in the area. Lately, I've been busier than ever. Thanks for stopping by.

Jul 23, 2012 08:02 AM #20
Rainmaker
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Nick T Pappas
Assoc. Broker/Broker ABR, SFR, e-Pro, @Homes Realty Group, Huntsville AL - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Michael, if I'm reading your charts correctly, those low %chances's of properties selling definitely indicates a buyers market.  Don't you think when the commercial sales pick up the housing market will follow.  Of course, with that said we do have a fairly strong residential market here as well as a lot of commercial building going on. 

Jul 25, 2012 04:44 PM #21
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Nick: The commercial real estate market is starting to pick up, but is a little behind the residential market. It is still a buyer's market here for commercial real estate. Thanks for stopping by.

Jul 25, 2012 04:59 PM #22
Rainer
307,049
Jennifer Chiongbian
Specializing in all types of Manhattan apts & townhouses - Manhattan, NY
Real Estate Broker - NYC

I love that you have commercial stats on your blog for absorption rates.  I moonlight in commercial real estate appraisals so I am always looking for info like this---but of course, local to me.  Great to see something different from residential.

Jul 27, 2012 06:02 PM #23
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Jennifer: You're quite welcome! Thank you for your comment and the visit.

Jul 27, 2012 08:21 PM #24
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Bryan Robertson
Catarra Real Estate, Inc - Los Altos, CA
Broker, Author, Speaker

Wow!  I've read your blog many times but never have I seen this.  This is the best commercial market report I've ever seen.  Organized by class with all the breakdowns, it's brilliant.

Jul 28, 2012 07:15 AM #25
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Bryan: Thank you very much. Your comment is much appreciated. Thanks for stopping by.

Jul 28, 2012 08:39 AM #26
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Silvia Dukes PA, REALTOR
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living
Hi Michael, as always a very detailed snapshot of the commercial market in the Prince Williams County area. Hope activity in this sector will increase soon!
Jul 30, 2012 03:49 PM #27
Rainmaker
893,958
Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Sylvia: Things are starting to pick up. Hopefully, it will continue. Thank you and thank you for stopping by.

Jul 30, 2012 03:59 PM #28
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Rainmaker
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Michael Setunsky

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