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 ?
"Given the quality of the asset and extensive experience of our client in the submarket, the debt markets showed a strong interest in this opportunity.
The I-55/County Line Road submarket came closest to Highland Colony on the leasing-rate side at $18.03 a square foot.
We believe that positive momentum in the Airport submarket combined with the hands-on management style of the owner's team will position Coliseum Centre for continued success."
Also in the Los Angeles South Bay submarket, the company acquired a two-property portfolio for USD 6.7m, or USD 112 per square foot.
Their involvement in 901 Battery further underscores the strength of this asset and submarket."
Rexford Industrial also acquired four multi-tenant industrial buildings with 218,407 square feet on 10.82 acres in the Inland Empire West submarket for USD 26.9m.
(NYSE: REXR) has acquired two 100% leased industrial properties in Southern California infill submarkets, the company said.
East Brooklyn continued to dominate price growth in the borough, remaining the only submarket across Manhattan and Brooklyn to experience double-digit annual price growth at 10.7 percent.
The availability rate was lower in the Downtown submarket than in the other submarkets, standing at 10.5 percent compared to 8.5 percent at the same time in 2008.
Nike is a Fortune 500 global leader in athletic wear and has been a committed owner and tenant in Oregon's Sunset Corridor submarket for more than 50 years.
M2 EQUITYBITES-August 25, 2016-DCT Industrial Trust Acquires Land in the Northeast Submarket of Denver
"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.