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

Examples of submarket in a Sentence

Recent Examples on the Web

Osceola County planners gave the new project an enthusiastic thumbs-up during a pre-application meeting Tuesday with planning consultant Jim Hall, who said the project will help fill a need for food and beverage in the underserved Poinciana submarket. —Laura Kinsler, Orlando Sentinel, 18 July 2024

Key submarket vacancy rates were: 18.4% in downtown Raleigh, 20.4% in central Durham, 24.2% in midtown Raleigh and 21.9% in Research Triangle Park. —Zachery Eanes, Axios, 15 July 2024

Over that five-year period, vacancies jumped substantially in the submarkets of Columbia and the Interstate 83 corridor, where rates now hover above 21%, not far behind downtown Baltimore, JLL data shows. —Lorraine Mirabella, Baltimore Sun, 12 July 2024

Of course even within a market, there are huge differences from submarket to submarket. —Brad Hunter, Forbes, 16 Feb. 2024

Word History

First Known Use

1880, in the meaning defined above