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submarket

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submarket

A small geographical area that is clearly identifiable,at least to local residents,and that contains the logical users of specific goods and services being offered to the public.Submarkets will vary depending on the businesses defining them.

Example: In Houston, Texas, the Highway 290 submarket may define the customers for billboard advertising. Off 290, the Cypress submarket may define customers for a shopping center, and in Cypress, Enchanted Valley may define the submarket for a convenience store.



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The Southern Fairfield County submarket continues to have the greatest sublease space available rising from 1.
FirstService Williams: reason for optimism in Fairfield by Real Estate Weekly
The retail submarket retains the lowest vacancy rate at 12 percent.
Commercial construction in NWA slows in 1st Q by Stockstill, Katie / Arkansas Business
In midtown, the leading submarket (in the city, if not the United States), the averaging asking rent finished 2007 at $76.
Manhattan Office Space Disappearing by Tom Acitelli / The New York Observer
 
 
 
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