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.

References in periodicals archive ?
Individual submarket forecasts and analysis demonstrate the prospects
Among urban core submarkets analyzed by Axiometrics, the Gold Coast/River North submarket in the Chicago-Naperville-Joliet, 111.
Miami is a key market for Clarion Partners, as demonstrated by this renewal and our recent acquisition of Westpointe Business Park, also in the Airport submarket.
8 percent) submarkets continued to tighten, as the low single-digit vacancy rates may be a signal that additional speculative and build-to-suit activity is on the horizon in the coming quarters.
For example, local telephone service accounted for $65 billion and it represented the largest submarket, or 16 percent of the overall industry.
Smith, First Potomac's chief investment officer, stated, "These properties are excellent additions to our portfolio in the Greenbrier/Crossways submarket, one of our best-performing submarkets.
Individual application forecasts and analysis demonstrate the prospects - Lactose-Free Dairy Submarket Forecast 2015-2025 - Lactose-Free Bakery Submarket Forecast 2015-2025 - Lactose-Free Ice Cream Submarket Forecast 2015-2025 - Lactose-Free Ready Meals Submarket Forecast 2015-2025 - Lactose-Free Desserts Submarket Forecast 2015-2025 - Lactose-Free Sauces Submarket Forecast 2015-2025 - Other Lactose-Free Foods Submarket Forecast 2015-2025
Institutional Property Advisors ranked 846 apartment submarkets across 46 metres based on 2010 vacancy rates.
With 690,000 s/f, the Central Fairfield submarket was at the forefront of the market's leasing velocity, while Eastern Fairfield's 181,000 s/f was also a strong segment.
When we purchased the property in 2003, it was 88% leased and the Kendall/South Dade submarket was one of the strongest in the Miami metropolitan area with a vacancy rate of 7.
7 Flight and Non-Flight Military Simulation and Virtual Training Submarket Forecasts 1.
The East submarket, including Harrison, Purchase and Rye, was by far the most active submarket in 2006, capturing nearly one million square feet of the space that was leased.