Commercial Absorption Rates – Prince William County – December 2013

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https://activerain.com/droplet/48JT

Commercial Absorption Rates – Prince William County – December 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 December 31, 2013:

 Commercial Absorption Rate 1 12-31-2013

Commercial Absorption Rate 2 12-31-2013

Commercial Absorption Rate 3 12-31-2013

  • 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. Nineteen commercial properties are currently on the market, a net increase of one property since last reported. We are presently in a Buyer’s Market.

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

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

Commercial Absorption Rates – Prince William County – November 2013
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

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 – December 2013 – December 31, 2013

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Show All Comments
Rainmaker
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Ron: Thank you very much! Hopefully, the general public can understand the information.

Jan 06, 2014 05:29 AM #20
Rainer
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Eric Galuppo
Real Estate Rev - More Leads Means More Revenue

You always had an informative post Michael which will surely help your clients. You always provide a very detailed data on your local market.

Jan 08, 2014 03:40 PM #21
Rainmaker
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Michael Setunsky
Woodbridge, VA
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Eric: Thank you for your comment and the email.

Jan 08, 2014 09:11 PM #22
Rainmaker
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Ron and Alexandra Seigel
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Michael,

What a comprehensive report, and I am sure your clients appreciate it. A

Jan 09, 2014 12:12 AM #23
Rainmaker
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Michael Setunsky
Woodbridge, VA
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Ron & Alexandra: Thank you very much!

Jan 09, 2014 01:41 AM #24
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Debb Janes EcoBroker and Bernie Stea JD
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You do give us the details Michael. Very comprehensive as Alexandra puts it. Hope you've had a great week. 

Jan 09, 2014 11:00 PM #25
Rainmaker
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Debb: I hope it is useful for the consumers out there. Thanks.

Jan 10, 2014 12:45 AM #26
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Michael, you are the one to call for any commercial property in Northern VA!

Jan 11, 2014 11:13 PM #27
Rainmaker
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Michael Setunsky
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Your Commercial Real Estate Link to Northern VA

Joan: Thank you very much for the visit and the comment.

Jan 12, 2014 12:40 AM #28
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1~Judi Barrett
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Michael, I do believe you are the absorption post king on Active Rain and always so well done!

Feb 18, 2014 11:38 AM #29
Rainmaker
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Judi: Thank you very much! As always, thank you for stopping by.

Feb 19, 2014 01:22 AM #30
Rainmaker
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Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC
Michael Thanks for sharing the commercial absorption rate for Prince William County Virginia for December 2013. Good luck and success. Lou Ludwig
Mar 03, 2014 10:30 PM #31
Rainmaker
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Lou: thank you very much!

Mar 03, 2014 10:31 PM #32
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Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Michael, I stopped by to thank you for commenting on my blog and to see what was going on in Northern Virginia.  Nice detailed post.  Have a great weekend.

May 02, 2014 10:27 PM #33
Rainmaker
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Hi Larry: You're welcome! Have a great weekend too!

May 02, 2014 11:25 PM #34
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Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Michael,

I've done a few Commercial contracts and they are hard! I have the deepest respect for you. It isn't easy to find a good Commercial Realtor in my area. You must work very  hard for your money. The transactions take a lot longer too!

May 27, 2014 02:10 PM #35
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Michael Setunsky
Woodbridge, VA
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Patricia: They sure do take longer. The last lease I did took almost five months to close after finding a property. It seems it takes just as long to get paid. Thank you for the visit.

May 27, 2014 10:09 PM #36
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Larry Lawfer
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"I listen for a living." It's all about you.

I miss your blogs and valuable information.  I appreciate you commenting on my blogs, but I miss your insight into your area.

May 27, 2014 10:11 PM #37
Rainmaker
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Michael Setunsky
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Your Commercial Real Estate Link to Northern VA

Larry: Life seems to be getting in the way lately. Thanks for stopping by.

May 27, 2014 11:11 PM #38
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Michael,

We miss you here in the Rain.  Is everything Ok with  you?

Nov 04, 2014 10:17 AM #39
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