Noun
submarket (plural submarkets)
A distinct part of a larger market
The submarket for luxury homes has been growing.
"The area is incubating into a primary office submarket and further expansion as a medical submarket and the research parks and medical research and science expansion is going to continue," Carlo L. Batts, MAI, principal, said. Source: Internet
This plan intends to place a high priority on connectivity between downtown and the airport across the southeast submarket. Source: Internet