· 2019-02-25 · a submarket cluster comprises a group of submarkets that share a common...

Definitions – Markets, Submarkets & Submarket Clusters Each property on the CoStar database is linked to a market, a submarket and a cluster (or group of submarkets), as well as more common forms of addressing such as street, town/city, county, postcode and region. Properties have been assigned markets, submarkets and submarket clusters using the criteria outlined below. These categories have been designed to enable efficient searching and analysis of geographical areas that share common economic and business identities. Market A Market is defined according to our impression of the UK’s metropolitan areas. A metropolitan (or metro) area generally comprises an urban area, conurbation or agglomeration, together with the surrounding area to which it is closely economically and socially integrated through commuting. We have defined 47 such areas across the UK, the full list of which can be found by clicking the Market icon on a CoStar Suite search (see Screenshot A below). Markets are made up of smaller areas known as submarkets, and are the same across sectors (office, retail and industrial). Screenshot A:

Submarket A Submarket is our smallest pre-defined geographical and economic unit, and is in the majority of cases aligned with the UK’s local authority district boundaries. Where submarkets do not match local authority district boundaries, they have been drawn along economic and business lines by sector, through both our own research and via consultation with the industry. Examples in the office sector include Mayfair and Holborn in London, Salford Quays in Manchester, and Southern Gateway in Leeds. Examples in the retail sector include King’s Road and Oxford Street East in London, and Buchanan Street in Glasgow. See Screenshot B for where to search for submarkets.

Screenshot B:

Submarket Cluster A Submarket Cluster comprises a group of submarkets that share a common geographic, economic, business and often architectural identity. Clusters make up the middle tier in the market, cluster and submarket hierarchy. Key examples in the office sector include London’s West End (an amalgamation of nine submarkets: Knightsbridge, Marylebone, Mayfair, Noho, Paddington, Soho, St James’s, Victoria and Westminster) and Central Leeds (an amalgamation of City Core, East Quarter, Greater Core and Southern Gateway). A key example in the industrial sector is Heathrow, which is comprised of four submarkets: Heathrow East, Heathrow North, Heathrow South and Heathrow West. Clusters have been created using both our own research and through consultation with the industry. Clusters are located within markets and can be searched upon by clicking the Submarket icon on the CoStar Suite search screen, selecting a market and then clicking on the Submarket Cluster dropdown (see Screenshot C). When selecting a cluster the system will bring back only those submarkets associated with the cluster, and searching and analysis can then begin on properties/data within this homogenous, pre-defined submarket group.

Screenshot C:

Submarket Clusters – Search Guide & Popular Searches As some submarket clusters cover wide areas and cross our market boundaries, searching on them can require a bit more work on the part of the user to piece together these pre-defined, homogenous areas. This is particularly prevalent in the industrial sector, with key areas such as the M1 Corridor South covering a wide geography and encompassing groups of submarkets across different markets. Two such examples in the office sector are the M25 Corridor and the Western Corridor. Please see below for instructions on how to search on these areas on CoStar Suite (and to save surveys for repeat use), plus a table of key industrial and office submarket clusters. How to Execute on CoStar Suite – Example: Heathrow Industrial The Heathrow Industrial cluster is comprised of four submarkets (Heathrow East, Heathrow North, Heathrow South and Heathrow West) that are spread over three markets. To search on it, you will need to select: 1. The Submarket icon on the CoStar Suite search screen, 2. London in the Market dropdown, 3. Industrial in the Type list, 4. Heathrow Ind in the Submarket Cluster dropdown, 5. Bring the Heathrow North Ind and Heathrow West Ind submarkets across by clicking

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Screenshot D:

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2 3

4

5

The other two submarkets within the Heathrow Industrial cluster are in Berkshire (Heathrow East) and Surrey (Heathrow South), so repeat steps after changing the Market from London to Berkshire, and then from Berkshire to Surrey. When all the submarkets are selected, click Apply to search upon and analyse the Heathrow Industrial Cluster (see Screenshots E & F). See below for instructions on how to save surveys/popular searches. Screenshot E:

Screenshot F:

Saving Surveys It is possible (and recommended) to save submarket cluster searches for repeat use, to avoid having to go through the steps listed above each time. To do so, select Save Survey from the Results screen (see Screenshot G below) and click new requirement (see Screenshots H & I). Screenshot G:

Screenshot H:

Screenshot I:

Table of Popular Industrial Searches NAME MARKET SUBMARKET CLUSTER SUBMARKET Heathrow London Heathrow Ind Heathrow West Ind London Heathrow Ind Heathrow West Ind Berkshire Heathrow Ind Heathrow East Ind Surrey Heathrow Ind Heathrow South Ind Gatwick Surrey Gatwick Ind Gatwick South Ind Sussex Gatwick Ind Gatwick North Ind Thames Gateway

London Thames Gateway London Ind Isle of Dogs Ind

London Thames Gateway London Ind Newham Ind London Thames Gateway London Ind Barking & Dagenham Ind London Thames Gateway London Ind Havering Ind London Thames Gateway London Ind Lewisham Ind London Thames Gateway London Ind Greenwich Ind London Thames Gateway London Ind Bexley Ind Essex Thames Gateway Essex Ind Thurrock Ind Essex Thames Gateway Essex Ind Basildon Ind Essex Thames Gateway Essex Ind Castle Point Ind Essex Thames Gateway Essex Ind Southend-on-Sea Ind Kent Thames Gateway Kent Ind Dartford Ind Kent Thames Gateway Kent Ind Gravesham Ind Kent Thames Gateway Kent Ind Medway Ind Kent Thames Gateway Kent Ind Swale Ind West London London West London Ind Hillingdon Ind London West London Ind Hounslow Ind London West London Ind Ealing Ind M1 Corridor (S) Hertfordshire M1 Corridor (S)-Jct 4-10 Dacorum Ind

Hertfordshire M1 Corridor (S)-Jct 4-10 Hertsmere Ind Hertfordshire M1 Corridor (S)-Jct 4-10 St Albans Ind Hertfordshire M1 Corridor (S)-Jct 4-10 Three Rivers Ind Hertfordshire M1 Corridor (S)-Jct 4-10 Watford Ind Luton &

Bedfordshire M1 Corridor (S)-Jct 10-14 Luton Ind Luton &

Bedfordshire M1 Corridor (S)-Jct 10-14 West Bedfordshire Ind Milton Keynes M1 Corridor (S)-Jct 14-15 Milton Keynes Ind Northampton M1 Corridor (S)-Jct 15-16 Northampton Ind Northampton

M1 Corridor (S)-Jct 15-16 Northamptonshire South East Ind

Golden Triangle Coventry Golden Triangle-Coventry Ind Coventry Ind

Coventry Golden Triangle-Coventry Ind North Warwickshire Ind Coventry Golden Triangle-Coventry Ind Nuneaton & Bedworth Ind Coventry Golden Triangle-Coventry Ind Rugby Ind Leicester Golden Triangle-Leicester Ind Blaby Ind

Leicester Golden Triangle-Leicester Ind Charnwood Ind Leicester Golden Triangle-Leicester Ind Harborough Ind Leicester Golden Triangle-Leicester Ind Hinckley & Bosworth Ind Leicester Golden Triangle-Leicester Ind Leicester Ind Leicester Golden Triangle-Leicester Ind

North West Leicestershire Ind

Leicester Golden Triangle-Leicester Ind Oadby & Wigston Ind Northampton Golden Triangle-

Northampton Ind Daventry Ind

Shropshire & Staffordshire

Golden Triangle-Tamworth Ind Tamworth Ind

West Midlands Core Birmingham West Midlands Core-

Birmingham Ind Birmingham Ind

Birmingham West Midlands Core-Birmingham Ind Dudley Ind

Birmingham West Midlands Core-Birmingham Ind Sandwell Ind

Birmingham West Midlands Core-Birmingham Ind Solihull Ind

Birmingham West Midlands Core-Birmingham Ind Walsall Ind

Birmingham West Midlands Core-Birmingham Ind Wolverhampton Ind

Coventry West Midlands Core-Warwickshire Ind Stratford-on-Avon Ind

Coventry West Midlands Core-Warwickshire Ind Warwick Ind

West Midlands Lower

Herefordshire & Worcestershire Lower West Midlands Ind

Bromsgrove Ind


Central Worcester Ind


Herefordshire Ind


Malvern Hills Ind


Redditch Ind


Wychavon Ind


Wyre Forest Ind

West Midlands Upper

Shropshire & Staffordshire Upper West Midlands Ind Cannock Chase Ind

Shropshire & Upper West Midlands Ind Stoke-on-Trent Ind

Staffordshire Shropshire &

Staffordshire Upper West Midlands Ind East Staffordshire Ind

Shropshire & Staffordshire Upper West Midlands Ind Lichfield Ind

Shropshire & Staffordshire Upper West Midlands Ind

Newcastle-under-Lyme Ind

Shropshire & Staffordshire Upper West Midlands Ind Shropshire Ind

Shropshire & Staffordshire Upper West Midlands Ind South Staffordshire Ind

Shropshire & Staffordshire Upper West Midlands Ind Stafford Ind

Shropshire & Staffordshire Upper West Midlands Ind

Staffordshire Moorlands Ind

Shropshire & Staffordshire Upper West Midlands Ind Telford & Wrekin Ind

M1 Corridor (M) Derby M1 Corridor (M)-Derby Amber Valley Ind

Derby M1 Corridor (M)-Derby Bolsover Ind Derby M1 Corridor (M)-Derby Derby Ind Derby M1 Corridor (M)-Derby Chesterfield Ind Derby M1 Corridor (M)-Derby Erewash Ind Derby M1 Corridor (M)-Derby North East Derbyshire Ind Nottingham M1 Corridor (M)-Nottingham Ashfield Ind Nottingham M1 Corridor (M)-Nottingham Broxtowe Ind Nottingham M1 Corridor (M)-Nottingham Nottingham Ind Trafford & Manchester Airport

Manchester Trafford & Manchester Airport Ind

Manchester Airport Ind

Manchester Trafford & Manchester Airport Ind Trafford Ind

Greater Manchester South

Manchester Greater Manchester S Ind

Manchester Ind

Manchester Greater Manchester S Ind Salford Ind Manchester Greater Manchester S Ind Stockport Ind Greater Manchester S Ind Tameside Ind Greater Manchester North

Manchester Greater Manchester N Ind

Bolton Ind

Manchester Greater Manchester N Ind Bury Ind Manchester Greater Manchester N Ind Oldham Ind Manchester Greater Manchester N Ind Rochdale Ind Manchester Greater Manchester N Ind Wigan Ind Hampshire Ports Hampshire Hampshire Ports Ind Eastleigh Ind

Hampshire Hampshire Ports Ind Fareham Ind

Hampshire Hampshire Ports Ind Gosport Ind Hampshire Hampshire Ports Ind Havant Ind Hampshire Hampshire Ports Ind New Forest Ind Hampshire Hampshire Ports Ind Portsmouth Ind Hampshire Hampshire Ports Ind Southampton Ind Table of Popular Office Searches NAME MARKET SUBMARKET CLUSTER SUBMARKET M25 Corridor London M25 Corridor NW Barnet London M25 Corridor NW Brent London M25 Corridor NW Harrow London M25 Corridor NW Central Watford London M25 Corridor NW Outer Watford Hertfordshire M25 Corridor NW Dacorum Hertfordshire M25 Corridor NW Hertsmere Hertfordshire M25 Corridor NW St Albans Hertfordshire M25 Corridor NW Three Rivers London M25 Corridor NE Barking & Dagenham London M25 Corridor NE Enfield London M25 Corridor NE Havering London M25 Corridor NE Redbridge London M25 Corridor NE Waltham Forest Essex M25 Corridor NE Brentwood Essex M25 Corridor NE Epping Forest Essex M25 Corridor NE Harlow Essex M25 Corridor NE Thurrock Hertfordshire M25 Corridor NE Broxbourne Hertfordshire M25 Corridor NE Welwyn Hatfield London

M25 Corridor SW Central Kingston upon Thames

London M25 Corridor SW

Outer Kingston upon Thames

London M25 Corridor SW Richmond upon Thames London M25 Corridor SW Merton London M25 Corridor SW Sutton Sussex M25 Corridor SW Crawley Surrey M25 Corridor SW Central Guildford Surrey M25 Corridor SW Outer Guildford Surrey M25 Corridor SW Elmbridge Surrey M25 Corridor SW Epsom & Ewell Surrey M25 Corridor SW Mole Valley Surrey M25 Corridor SW Reigate & Banstead Surrey M25 Corridor SW Woking London M25 Corridor SE Bexley London M25 Corridor SE Bromley London M25 Corridor SE Croydon Surrey M25 Corridor SE Tandridge Kent M25 Corridor SE Dartford Kent M25 Corridor SE Gravesham Kent M25 Corridor SE Sevenoaks Kent M25 Corridor SE Tonbridge & Malling

Western Corridor London London Western Corridor Ealing London London Western Corridor Hillingdon London London Western Corridor Hounslow Berkshire Central Reading Central Reading City Core Berkshire Central Reading

Central Reading NW Fringe

Berkshire Central Reading Central Reading SE Fringe

Berkshire Berkshire Western Corridor Outer Reading Berkshire Berkshire Western Corridor Central Slough Berkshire Berkshire Western Corridor East Slough Berkshire Berkshire Western Corridor West Slough Berkshire Berkshire Western Corridor Bracknell Forest Berkshire Berkshire Western Corridor Windsor & Maidenhead Berkshire Berkshire Western Corridor Wokingham Berkshire Berkshire Western Corridor West Berkshire Buckinghamshir

e Buckinghamshire Western Corridor Chiltern

Buckinghamshire

Buckinghamshire Western Corridor South Buckinghamshire

Buckinghamshire

Buckinghamshire Western Corridor Wycombe

Oxford Oxford Western Corridor Central Oxford Oxford Oxford Western Corridor Outer Oxford Oxford Oxford Western Corridor South Oxfordshire Oxford Oxford Western Corridor Vale of White Horse Hampshire Hampshire Western

Corridor Basingstoke & Deane Hampshire Hampshire Western

Corridor Hart Hampshire Hampshire Western

Corridor Rushmoor Surrey Surrey Western Corridor Runnymede Surrey Surrey Western Corridor Spelthorne Surrey Surrey Western Corridor Surrey Heath London West End

London London West End Knightsbridge

London London West End Marylebone London London West End Mayfair London London West End Noho London London West End Paddington London London West End Soho London London West End St James's London London West End Victoria London London West End Westminster London City London London City City Core East London London City City Core West London London City City Core North

London London City City Fringe London Midtown

London London Midtown Bloomsbury

London London Midtown Clerkenwell London London Midtown Covent Garden London London Midtown Holborn London London Midtown King’s Cross & Euston London Southbank

London London Southbank Southbank East

London London Southbank Southbank West London Docklands

London London Docklands Docklands Core

London London Docklands Docklands Fringe London Fringe London London Fringe Hammersmith London London Fringe Eastern Fringe London London Fringe Western Fringe London London Fringe Southern Fringe London London Fringe Northern Fringe Central Birmingham Birmingham Central Birmingham City Core Birmingham Central Birmingham Jewellery Quarter Birmingham Central Birmingham Gun Quarter Birmingham Central Birmingham Edgbaston Birmingham Central Birmingham Brindleyplace Birmingham Central Birmingham New Street Station Birmingham Central Birmingham Eastside Central Bristol Bristol Central Bristol City Core Bristol Central Bristol Western Fringe Bristol Central Bristol Eastern Fringe Central Cardiff South Wales Central Cardiff Cardiff Bay South Wales Central Cardiff City Core North South Wales Central Cardiff City Core South South Wales Central Cardiff Cardiff Fringe Central Edinburgh

Edinburgh Central Edinburgh City Core

Edinburgh Central Edinburgh

Exchange & Fountainbridge

Edinburgh Central Edinburgh East End Edinburgh Central Edinburgh New Town Edinburgh Central Edinburgh Old Town Edinburgh Central Edinburgh West End Central Glasgow

Glasgow Central Glasgow City Core

Glasgow Central Glasgow Central Quay

Glasgow Central Glasgow Pacific Quay Glasgow Central Glasgow Park Area Glasgow Central Glasgow Glasgow Fringe Central Leeds Leeds Central Leeds City Core Leeds Central Leeds East Quarter Leeds Central Leeds Greater Core Leeds Central Leeds Southern Gateway Central Liverpool

Liverpool Central Liverpool City Core

Liverpool Central Liverpool Dockside Liverpool

Central Liverpool Ropewalks & Baltic Triangle

Liverpool Central Liverpool Eastern Fringe Central Manchester

Manchester Central Manchester City Core

Manchester Central Manchester Northern Quarter Manchester Central Manchester Salford Quays Manchester Central Manchester Piccadilly Manchester Central Manchester Northern Fringe Manchester Central Manchester Southern Fringe Table of Popular Retail Searches NAME MARKET SUBMARKET CLUSTER SUBMARKET Central London

London Central London Ret Bond Street Ret

London Central London Ret Cheapside Ret London Central London Ret City Fringe Ret London Central London Ret City North ret London Central London Ret City South Ret London Central London Ret Covent Garden Ret London Central London Ret Kensington High St Ret London Central London Ret King’s Road Ret London Central London Ret Knightsbridge Ret London Central London Ret Midtown Fringe Ret London Central London Ret Midtown Ret London Central London Ret Oxford Street E Ret London Central London Ret Oxford Street W Ret London Central London Ret Piccadilly Ret London Central London Ret Regent Street Ret London Central London Ret Southbank Ret London Central London Ret Tottenham Ct Road Ret London Central London Ret Victoria Ret London Central London Ret West End Fringe Ret Central Birmingham

Birmingham Central Birmingham

Bullring Shopping Centre Ret

Birmingham Central Birmingham North of New Street Ret Birmingham Central Birmingham South of New Street Ret

Birmingham Central Birmingham

Central Birmingham Fringe Ret

Central Cardiff South Wales Central Cardiff Ret Queen Street Ret South Wales

Central Cardiff Ret St David’s Shopping Centre Ret

South Wales Central Cardiff Ret St Mary Street Ret South Wales Central Cardiff Ret Central Cardiff Fringe Ret Central Edinburgh

Edinburgh Central Edinburgh Ret Bruntsfield & Morningside

Edinburgh Central Edinburgh Ret Leith Ret Edinburgh Central Edinburgh Ret Leith Walk Ret Edinburgh Central Edinburgh Ret New Town Ret Edinburgh

Central Edinburgh Ret Old Town/N of Tollcross Ret

Edinburgh Central Edinburgh Ret South of Old Town Ret Edinburgh

Central Edinburgh Ret Central Edinburgh Fringe Ret

Central Glasgow Glasgow Central Glasgow Ret Argyle Street Ret Glasgow Central Glasgow Ret Buchanan Street Ret Glasgow Central Glasgow Ret Sauchiehall Street Ret Glasgow Central Glasgow Ret West End Ret

Glasgow Central Glasgow Ret Central Glasgow Fringe Ret

Central Leeds Leeds Central Leeds Central Core Leeds Central Leeds North of The Headrow Ret Leeds Central Leeds Victoria Quarter Ret Leeds Central Leeds Leeds Fringe Ret Central Liverpool

Liverpool Central Liverpool Ret Bold Street Ret

Liverpool Central Liverpool Ret Central North Ret Liverpool Central Liverpool Ret Liverpool One Ret Liverpool Central Liverpool Ret Met Quarter Ret Liverpool Central Liverpool Ret Liverpool Fringe Ret Central Manchester

Manchester Central Manchester Ret Central South Ret

Manchester Central Manchester Ret King Street Ret Manchester Central Manchester Ret New Cathedral Street Ret Manchester Central Manchester Ret North of Market Street Ret Manchester Central Manchester Ret Northern Quarter Ret Manchester

Central Manchester Ret Central Manchester Fringe Ret

Sample Maps M1 Corridor South (Industrial)

Golden Triangle (Industrial)

M25 Corridor (Office)

Western Corridor (Office)

London West End (Office)

Central Birmingham (Office)

Marylebone Paddington

Noho

Soho

St James’s

Victoria

Knightsbridge

Mayfair

Westminster

Gun Quarter

Edgbaston

Eastside

City Core

Jewellery Quarter

New Street Station

Brindleyplace

Central London (Retail)

Central Liverpool (Retail)

Knightsbridge

Oxford Street W

Liverpool One

Bold Street

Kensington High Street

Southbank

King’s Road

Central North

Met Quarter Liverpool

Fringe Ret

Piccadilly

Regent Street

Covent Garden

Oxford Street E

Bond Street

Tottenham Ct Road

Victoria

Midtown Cheapside

City South

City North

· 2019-02-25 · a submarket cluster comprises a group of submarkets that share a common...

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