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Commercial Absorption Rates – Prince William County – January 2011

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Commercial Real Estate Agent

Commercial Absorption Rates – Prince William County – January 2011

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)

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 January 31, 2011:

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. This is an increase of two listings from last month. We are presently in a Buyer’s Market.

  • General Business District – Minimal activity – One new listing during this reporting period. Ten properties are currently in the inventory
  •  Neighborhood Business District – No activity – No Properties currently in the inventory.
  • Convenience Retail District – No activity – No properties currently in the inventory.
  • Office Low-Rise District – No activity – No properties currently in the inventory.
  • Office Mid-Rise District – No activity – No properties currently in the inventory.
  • Office High-Rise District – No activity – No properties currently in the inventory.
  • Office/Flex District – No activity – No properties currently in the inventory.
  • Heavy Industrial District – Minimal activity – No new listings during this reporting period. Two properties currently in the inventory.
  • Light Industrial District – Minimal activity – One new listing during this reporting period. Two listings currently in the inventory.
  • Industrial/Transportation District – No activity – No properties 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/.

 

 

 

©2011 Michael’s Commercial LLC, All Rights Reserved – Commercial Absorption Rates – Prince William County – January 2011 – January 31, 2011

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Comments (20)

Navona Hart
Century 21 Realty @ Home - Farmville, VA
Selling the Best Properties in Central Virginia

Kinda scary seeing a 0% chance of selling on properties.  Thanks for the informative approach I will be using parts of this for my stats.

Feb 04, 2011 02:26 PM
Toula Rosebrock
Diane Turton, Realtors, Forked River, NJ - Lacey Township, NJ
Broker/Sales Associate, Realtor, Lacey Township,

Hi Michael:

I'm hearing a lot of good news for commercial real estate market in 2011, let's hope it's true!

Feb 05, 2011 01:19 PM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Michael--What a detailed report on the commercial absorption rates in your area. You really know your market!

Feb 09, 2011 09:27 AM
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Teri: Thanks and I appreciate your comment. Thanks for the visit.

Feb 09, 2011 10:59 AM
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Hi Toula: I hope you are right! I'm looking forward to a great year.

Feb 10, 2011 04:24 AM
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Navona: There isn't much activity in some areas. Hopefully we will have a good 2011. Thanks for the visit.

Feb 10, 2011 04:26 AM
Bob & Leilani Souza
Souza Realty 916.408.5500 - Roseville, CA
Greater Sacramento Area Homes, Land & Investments

Michael, with your consistent posts about the commercial real estate market in Prince William County, you are definitely the "go to" guy for anything commercial. Keep up the good work! :)

Leilani

Feb 10, 2011 06:08 PM
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Leilani: Thank you very much and thank you fro the visit.

Feb 11, 2011 01:35 AM
Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

Michael, this is an excellent analysis of the commercial market in Prince William County. I have never seen an Absorption Rate done quite this way and I really like it.

Feb 12, 2011 03:54 PM
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Frank and Sharon: Thank you very much for your comment and the visit.

Feb 13, 2011 01:03 AM
Tom Waite
Thomas Waite Real Estate Broker - Cypress, CA
So Cal-Apartment Bldg Investments

Great tritise on the state of the Commercial market in Prince William County.  This is the way a job should and must be done so a buyer will know what they are getting into when they buy in your area.

Great Work!  Tom

Feb 14, 2011 07:59 AM
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Tom: Thank you for your comment and for stopping by.

Feb 14, 2011 10:12 AM
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

Michael, OK.  Somebody out there has to want one of these zero percenters!  Sounds like a challenge to me!

Feb 16, 2011 09:10 AM
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Patricia: In this market, it sure is a challenge. Thanks for the visit.

Feb 16, 2011 10:41 AM
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Michael - Great market information regarding commercial property in Prince William County.

Feb 21, 2011 01:14 PM
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Michelle: Thank you for your comment and the visit.

Feb 22, 2011 12:36 AM
Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Michael...Nice post...Hope this is a great year for you!
Hope you have a great day!

Feb 23, 2011 01:22 AM
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Rob: Thanks for your comment and for stopping by.

Feb 23, 2011 01:53 AM
Nick T Pappas
Assoc. Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, Broker/Providence Property Mgmnt, LLC Huntsville AL - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Michael, your posts are always so detailed...anyone considering a purchase in Prince William County should definitely call you first.

Feb 27, 2011 02:50 PM
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Nick: Thank you very much for your kind words and the visit.

Feb 27, 2011 03:48 PM