Was wondering the other day what criteria or attributes do you use to classify the market you're working on? I've read some articles and forums here base it on a number of different things, such as population alone, infrastructure, potential economic growth. Does a market become secondary automatically when its next to a primary market? For example, is a suburb of San Francisco or New York considered secondary or tertiary? I mean if you have people living in one of those suburbs but working in the downtown core of one of those primary markets how is it classified?
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Comments (5)
If the number of chinese investors in the market is < 1, the market is tertiary.
In my opinion, a market can have several submarkets. So, to your point, while LA, NY and SF are primary markets, the Inland Empire in LA is a submarket for LA and a secondary or tertiary market within the LA region. What do ya'll think? Its pretty subjective right?
This is super subjective question that will get you a lot of subjective answers. All in the eye of the beholder.
24 hour cities
18 hour cities
8 hour cities.
is a good litmus test for office/MF
I work in industrial so we have our own different "primary markets"
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