submarket


Also found in: Financial.

sub·mar·ket

 (sŭb′mär′kĭt)
n.
A geographic, economic, or specialized subdivision of a market.
adj.
Being below what is usual in a particular market: submarket wages; submarket interest rates.

submarket

(ˈsʌbˌmɑːkɪt)
n
(Marketing) a specialized market within a larger market
References in periodicals archive ?
In this recent acquisition, the company acquired property in Los Angeles/West Los Angeles/South Bay submarket for USD 53.
The office properties consist of two Irving properties, Counterpoint at Las Colinas at 8101 and 8113 Ridgepoint Drive in the East DFW Airport/Las Colinas submarket and Sterling Tech Center at 7801, 7803 and 7805 Mesquite Bend Drive in the DFW Freeport/Coppell submarket; two Dallas properties in the West Hines North submarket, Dallas Tech Center at 10005, 10015, 10025 and 10105 West Technology Boulevard and Westwood Business Park III at 1805 Royal Lane; one property in Richardson, International Corporate Park II at 401, 403, 405, 407 and 409 International Boulevard in the Richardson submarket; and one Farmers Branch property, Valwood XII at 13701 Hutton Drive in the North Stemmons/Valwood submarket.
The property in Long Beach/Los Angeles South Bay submarket was acquired for USD 30.
The Downtown submarket experienced the slowest growth, increasing 0.
Cluttons data also shows that, the strongest performing submarket during 2015 in New Dubai was the Tecom Dubai Internet City, Dubai Media City and Dubai Knowledge Village area.
apartment market statistics for the first quarter of 2014 show that the increase in urban submarket supply in 2013 steadily eroded occupancy--and in some cases, effective rent growth--during the quarter.
This transaction is a true example that owning a critical mass of property in a major submarket enables an owner to provide solutions to tenants' changing needs," said Brian Smith, part of the industrial team at Cushman and Wakefield, which represented AMB in the transaction.
The retail submarket retains the lowest vacancy rate at 12 percent.
The industry is fragmented, but large firms are found in each submarket.
5 million square feet in the Greenbrier/Crossways submarket, adding to its dominant position in that submarket, and 3.
Transwestern today announced it negotiated a renewal with Ceva Logistics for 364,000 square feet of space in Miami s Airport industrial market, making this the largest industrial lease in the submarket in the last five years.
The Port submarket already has almost one million square feet of new industrial space coming online by the end of 2014, and we expect this figure to continue to grow as more developers capitalize on tenants' desire to be as close to the port as possible," Jones Lane LaSalle Managing Director Rob Kossar said.