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

Houston tourism officials say the pace of hotel bookings for June and July is already running more than double last year’s levels across major submarkets. —Maya Davis, Fortune, 28 Mar. 2026

The development is in Denver’s Southwest industrial submarket along the C-470 corridor, which sees about 64,000 vehicles per day. —Jessica Alvarado Gamez, Denver Post, 10 Mar. 2026

In some submarkets, Rude said, builders are offering price reductions and interest-rate buydowns to move inventory — incentives that can give new homes an advantage over the resale market. —Travis Webb, Austin American Statesman, 1 Mar. 2026

Some of the most compelling hospitality today is rooted in submarkets in big cities like Tribeca in New York, Wedgewood-Houston in Nashville, Pioneer Square in Seattle and Union Market in Washington, D.C. —Daniel Scheffler, Forbes.com, 14 Jan. 2026

Word History

First Known Use

1880, in the meaning defined above

Rhymes for submarket

• nonmarket
• premarket
• upmarket
• aftermarket
• patriarchate
• supermarket
• market