submarket

Noun

Meaning

submarket (plural submarkets)

A distinct part of a larger market
The submarket for luxury homes has been growing.

Examples

"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

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