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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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The I-55/County Line Road submarket came closest to Highland Colony on the leasing-rate side at $18.03 a square foot.
Office occupancy edged up throughout Metro Jackson: CBRE Jackson report finds average lease rates in 2014 ranged from $14.05 a square foot to $22.79
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."
Americas's Capital Partners refinances debt
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.
Rexford Industrial Acquires Four Industrial Properties in California Submarkets
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.
Rexford Industrial Acquires 3 California Industrial Properties in Core Los Angeles Submarkets
(NYSE: REXR) has acquired two 100% leased industrial properties in Southern California infill submarkets, the company said.
Rexford Industrial Acquires 2 Fully Leased Southern California Properties
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.
NYC housing market hits the brakes
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.
Midtown availability highest since 1994
M2 EQUITYBITES-August 25, 2016-DCT Industrial Trust Acquires Land in the Northeast Submarket of Denver
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.
Space tight on the Jersey Turnpike

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