submarket
noun
sub·mar·ket
ˈsəb-ˌmär-kət 
variants
or sub-market
plural submarkets or sub-markets
: a portion or subdivision of a market
a profitable submarket of the banking industry
… is one of several local travel agencies, and several dozen around the country, that belong to a little known sub-market that sells tickets on international flights for … up to 70 percent off the normal cost of a one-way ticket.—
Bernie Kohn
Bernie KohnExamples of submarket in a Sentence
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The overall vacancy rate fell 0.3% to 5.3% and moved lower in 18 out of 33 submarkets.
—Aldo Svaldi, The Denver Post, 24 Oct. 2024
Steve Sherman, a research scientist at Rice University’s Kinder Institute for Urban Research, says Houston’s size and diversity have long created various housing submarkets within it, some resembling Detroit and others hewing closer to Brooklyn.
—Mark Dent, thehustle.co, 18 Oct. 2024
The Central Business District had the highest submarket rate at 6.6%.
—Aldo Svaldi, The Denver Post, 24 Oct. 2024
To date, more than 1,200 successful transactions have been completed, totaling more than $4 billion in value within local submarkets around the Northeast and Southeast regions of the United States.
—Brian Gioiele, Connecticut Post, 29 Sep. 2024
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Aldo Svaldi, The Denver Post, 24 Oct. 2024
Steve Sherman, a research scientist at Rice University’s Kinder Institute for Urban Research, says Houston’s size and diversity have long created various housing submarkets within it, some resembling Detroit and others hewing closer to Brooklyn.
—Mark Dent, thehustle.co, 18 Oct. 2024
The Central Business District had the highest submarket rate at 6.6%.
—Aldo Svaldi, The Denver Post, 24 Oct. 2024
To date, more than 1,200 successful transactions have been completed, totaling more than $4 billion in value within local submarkets around the Northeast and Southeast regions of the United States.
—Brian Gioiele, Connecticut Post, 29 Sep. 2024
See all Example Sentences for submarket
Dictionary Entries Near submarket
Cite this Entry
“Submarket.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/submarket. Accessed 22 Nov. 2024.
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