How do you define primary, secondary and tertiary markets?

jayflip21's picture
Rank: Orangutan | 315

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?

Comments (5)

Aug 26, 2017

If the number of chinese investors in the market is < 1, the market is tertiary.

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Aug 26, 2017

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?

Aug 28, 2017

This is super subjective question that will get you a lot of subjective answers. All in the eye of the beholder.

Aug 28, 2017

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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Aug 28, 2017
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