Commercial Absorption Rates – Prince William County – August 2012

By
Commercial Real Estate Agent with Michael's Commercial LLC

Commercial Absorption Rates – Prince William County – August 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 August 31, 2012:

 Commercial Absorption Rate1

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. Thirteen commercial properties are currently on the market. There is a net increase of one property during this reporting period. We are presently in a Buyer’s Market.

  • General Business District – Minimal activity – No new properties during this reporting period. Seven 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 one new property during this reporting period. Three 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. 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 – August 2012 – August 31, 2012

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Rainmaker
894,712
Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Joetta: Hopefully, we will have a brighter 2013. Thank you for the visit.

Sep 03, 2012 04:01 PM #11
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Shannon: Thank you very much. We are having a great lazy day. Thanks for stopping by.

Sep 03, 2012 04:03 PM #12
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, we are seeing some movement here in the commercial market so i hope that bodes well for your area for 2012!

Sep 06, 2012 07:27 AM #13
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Ginny: Activity here is starting to pick up. I'm looking forward to a great 2013. Thank your for stopping by.

Sep 06, 2012 07:36 AM #14
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Barbara-Jo Roberts Berberi & Corinna Birgit Cromartie
Charles Rutenberg Realty - Palm Harbor, FL
Palm Harbor & Dunedin FL Residential Real Estate

Indeed an extensive market report for Prince William County!

Sep 06, 2012 10:29 AM #15
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Barbara-Jo: Thank you very much and thank you for the visit.

Sep 06, 2012 10:52 AM #16
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, that your commercial market is starting to look up is of course a good thing, but I hear from other agents in the area about how great the residential market is...also good news.  Maybe one helps the other.

Sep 08, 2012 04:36 PM #17
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Nick: I think the commercial market will follow the residential market. Thanks for the visit.

Sep 08, 2012 06:36 PM #18
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Larry Lawfer
YourStories Realty Group - Westwood, MA
"I listen for a living." It's all about you.

Michael, these detailed reports are so good to have out there. It shows your due diligence and knowledge of the market and allows you to speak easily with clients and prospects alike.  Nice job.

Sep 13, 2012 11:22 AM #19
Rainmaker
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Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Michael - Great real estate market report for ccommercial property in Prince William county.

Sep 14, 2012 03:36 PM #20
Rainmaker
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Larry Brewer
Benchmark Realty LLc - Nashville, TN
Nashville Real Estate

Michael - this a very detailed analysis of the commercial real estate market in Prince William, it must have taken a lot of time, and I'm sure it will attract a lot of new customers. Have a great weekend.

Sep 15, 2012 06:23 AM #21
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Larry L: Thank you very much and thank you for stopping by.

Sep 15, 2012 06:28 AM #22
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

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

Sep 15, 2012 06:29 AM #23
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Larry B: It still takes a little time to put it all together, but I've got it down pretty good now. Thanks for stopping by.

Sep 15, 2012 06:30 AM #24
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John McCormack
Albuquerque Homes Realty * www.AlbuquerqueHomes.com - Albuquerque, NM
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Michael,  You don't miss a beat with your nicely detailed Prince William commercial absorption rates.  You obviously know your market and its health well.  Those considering Commercial Real Estate ventures would be wise to contact Michael Setusnky.

Sep 17, 2012 09:40 AM #25
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

John: Thank you very much. Your comment is much appreciated. Thanks for the visit.

Sep 17, 2012 10:19 AM #26
Ambassador
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Barbara-Jo Roberts Berberi & Corinna Birgit Cromartie
Charles Rutenberg Realty - Palm Harbor, FL
Palm Harbor & Dunedin FL Residential Real Estate

Hope you have a fantastic weekend and get to spend some time out in the sun!

Sep 22, 2012 07:49 AM #27
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Barbara-Jo: The weather is perfect here today. We will try to get out. Thanks for the visit.

Sep 22, 2012 08:07 AM #28
Rainmaker
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Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Michael, I always enjoy your market reports specifically since you always include the absorption rates!

Sep 23, 2012 07:59 AM #29
Rainmaker
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Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Endre: I appreciate your comment and the visit.

Sep 23, 2012 08:18 AM #30
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Michael Setunsky

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