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.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

submarket

(ˈsʌbˌmɑːkɪt)
n
(Marketing) a specialized market within a larger market
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
The Highland Colony Parkway/Madison submarket ended with the second lowest vacancy rate, just slightly above the I-20 and I-220 submarket.
Square Mile Capital Management announced that it has originated a $63 million loan secured by Three, Five, and Six Coliseum Centre, a three-building office portfolio located in the airport submarket of Charlotte, NC.
The Company acquired 660 & 664 North Twin Oaks Valley Road, located in San Marcos, in the North San Diego County submarket, for $14.0M or $144 per square foot.
In this recent acquisition, the company acquired property in Los Angeles/West Los Angeles/South Bay submarket for USD 53.9m, or USD 376 per square foot.
Blue Cross Blue Shield of Florida renewed a 103,476-square-foot lease in Westside Plaza, an office park in the Doral/Miami Airport West submarket. The insurer will stay in about 30 percent of the 363,328-square-foot Westside Plaza I building through 2014.
The Company acquired 851 Lawrence Drive, located in Thousand Oaks in the Ventura submarket, for $6.6M; 1581 North Main Street, located in Orange in the Orange County-North submarket, for $7.2M; 4039 Calle Platino, located in Oceanside in the San Diego-North County submarket, for $20.0M; and sold 200-220 South Grand Avenue, located in Santa Ana in the Orange County-Airport submarket, for approximately $4.5M.
The company acquired two single-tenant industrial buildings containing 198,062 square feet on 12.01 aces in the Los Angeles Mid Counties submarket for USD 30.7m, or approximately USD 155 per square foot.
The property in Long Beach/Los Angeles South Bay submarket was acquired for USD 30.6m.
The Downtown submarket experienced the slowest growth, increasing 0.6 percent year-over-year.