"That's huge for this market, where the historic annual absorption rate is about 1.5 million square feet," he said.
The townhouse market in the region had an absorption rate of 34percentt in 2014, says David Howell, executive vice president and chief information officer at McEnearney Associates in McLean.
Last August, the absorption rate for that section of the market was 7.5 months.
A What we're seeing a lot more now is that the absorption rate is getting shorter — the time on the market.
"The absorption rate has slowed and some supply has come on the market, but there is no sense that we are about to fall off the edge of the world," said Anthony E. Malkin, the president of W&M Properties, an owner and developer of real estate.
Some of this has been reflected in leasing activity, with the absorption rate, or the amount of space that was leased versus put on the market, totaling roughly one million square feet last year, according to data from Cushman & Wakefield.
For Manhattan's lower-priced apartments, the absorption rate — the number of months it would take to sell all the inventory on the market — has dropped.
Popular social media portals Rate Your Shag and Spotted, replete with laddish banter, showcase modes of sexualised audit which reflect this market absorption.
Howell says that the absorption rate for high-end condos in Northern Virginia — those priced between $750,000 and $1 million — was 23percentt in 2014, which is considered a sellers' market.
What is the absorption rate?
Ratain said food can increase or decrease the absorption rate, or bioavailability, of some drugs.
