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Commercial Land Absorption Rates – Prince William County – December 2013
Commercial Land Absorption Rates – Prince William County – December 2013
By Michael Setunsky
Commercial Land 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) MIXED (Mixed Commercial Use) PBD (Planned Business District) PMD (Planned Mixed Use District) Commercial Land 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 ... more

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