Commercial Absorption Rates – Prince William County – November 2013

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Commercial Absorption Rates – Prince William County – November 2013

By Michael Setunsky

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)

Commercial 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 Commercial Absorption Rates* for respective Zoning Districts in Prince William County ending on November 30, 2013:

;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. Eighteen commercial properties are currently on the market, a net decrease of five properties since last reported. We are presently in a Buyer’s Market.

  • General Business District – Minimal activity – There was a net decrease of two properties during this reporting period. No properties have sold during this reporting period. Thirteen 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 – There was a net decrease of one property during this reporting period. No properties are 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 a net decrease of one property during this reporting period. There are currently two properties in the inventory.
  • Light Industrial District – Minimal activity – There was a net decrease of one property 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 no net increase/decrease in 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 from using this information.

Commercial Absorption Rates for Prince William County during the previous 12 months:

Commercial Absorption Rates – Prince William County – October 2013
Commercial Absorption Rates – Prince William County – September 2013
Commercial Absorption Rates – Prince William County – August 2013
Commercial Absorption Rates – Prince William County – July 2013
Commercial Absorption Rates – Prince William County – June 2013
Commercial Absorption Rates – Prince William County – May 2013
Commercial Absorption Rates – Prince William County – April 2013
Commercial Absorption Rates – Prince William County – March 2013
Commercial Absorption Rates – Prince William County – February 2013
Commercial Absorption Rates – Prince William County – January 2013
Commercial Absorption Rates – Prince William County – December 2012
Commercial Absorption Rates – Prince William County – November 2012

 

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 served on the Mid Atlantic Real Estate Marketing Association's (MAREMA) Board of Directors as the Past President, 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/.

©2013 Michael’s Commercial LLC, All Rights Reserved – Commercial Absorption Rates – Prince William County – November 2013 – November 30, 2013

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Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Michael, alot of great information for consumers in your area.

Dec 13, 2013 04:58 AM #22
Rainmaker
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Connie: Thank you for your comment and the visit.

Dec 13, 2013 06:08 AM #23
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Barbara Altieri
Kinard Realty Group Fairfield and New Haven County CT Real Estate - Shelton, CT
REALTOR-Fairfield County CT Homes/Condos For Sale

Michael -- I always put absorption rates into my market reports and also use them with sellers and buyers when establishing pricing and determining offers.  A agent like yourself who understands the importance of the rate is very valuable to the consumer. Keep up the good work!

Dec 17, 2013 05:55 AM #24
Rainmaker
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Michael Setunsky
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Barbara: Thank you very much! Absorption rates are a good indicator of the current market.

Dec 17, 2013 08:55 PM #25
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Jeff Dowler, CRS
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Michael

You have certainly provided a wealth of useful information for buyers and sellers in the commercial arena in Prince George's County. It's such a useful statistic and so many do not really know what it means and hot it can and should be used.

Jeff

Dec 18, 2013 11:26 PM #26
Rainmaker
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Jeff: Absorption rates are one of the trends to follow whether for a buyer or seller. Thanks for stopping by.

Dec 19, 2013 12:28 AM #27
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Ginny Gorman
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Anyone looking to deal with commercial real estate in Prince William county will be sure to contact you Michael...you know your business!

Dec 21, 2013 10:02 PM #28
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Michael Setunsky
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Ginny: Thank you for taking the time to comment and the visit.

Dec 21, 2013 10:37 PM #29
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Debb Janes EcoBroker and Bernie Stea JD
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Hi Michael, hope things are going well for you in Northern VA. I wanted to drop by and make sure to wish you a very Merry Christmas.  D

Dec 22, 2013 10:28 PM #30
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Michael Setunsky
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Debb: Thank you very much! Also wishing you a Merry Christmas!!

Dec 22, 2013 10:35 PM #31
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Kathy Streib
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Michael- Just wanted to stop by to say Happy Holidays!

Dec 24, 2013 05:22 AM #32
Rainmaker
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Michael Setunsky
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Kathy: Thank you! Have a great holiday and Merry Christmas.

Dec 24, 2013 09:13 PM #33
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Best wishes for a Very Merry Christmas!

Dec 25, 2013 01:14 AM #34
Rainmaker
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Michael Setunsky
Woodbridge, VA
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Roy: Thank you very much!

Dec 25, 2013 03:16 AM #35
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Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
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Michael~ I want to thank you for your support and wish you a Merry Christmas

Dec 25, 2013 04:52 AM #36
Rainmaker
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Jon: The same to you. Merry Christmas to you and your family.

Dec 25, 2013 08:57 AM #37
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Larry Lawfer
YourStories Realty Group powered by Castles Unlimited® - Newton, MA
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Michael, I find your reports are always so detailed and give me an excellent view into your area. Thank you for your professional approach and consistency

 

Dec 26, 2013 09:49 PM #38
Rainmaker
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Michael Setunsky
Woodbridge, VA
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Larry: Thank you very much!

Dec 26, 2013 10:56 PM #39
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Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Hi Michael, great market report on commercial properties in Prince William County keeping everyone informed and educated.

Dec 27, 2013 01:58 AM #40
Rainmaker
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Michael Setunsky
Woodbridge, VA
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Kwee: Thank you very much for your comment!

Dec 27, 2013 03:06 AM #41
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