Select Page

Is Your Submarket a Blood Bath or a Blue Ocean

Is Your Submarket a Blood Bath or a Blue Ocean

What if you could render the competition in your submarket irrelevant?

So I am a bit of a bookworm and love a great marketing book when I find one! I can’t help but share this awesome read, Blue Ocean. The book isn’t new. It was originally published in 2005. And while it’s industry agnostic, there were passages that read as if they were written for multifamily. It is extremely relevant to our industry especially as the stories about over-developing and submarket over saturation begin to creep into the news cycle. The basis of the book is how to get out of the mindset of focusing on your competition by creating an entirely new market-a Blue Ocean.

One of Apartminty’s culture cues is:
Focus on the customer, not the competition.

The Blue Ocean strategies pair nicely with this idea.

You see if we as apartment communities get fixated on our competition, our sub-markets turn into a bloodbath. Concessions and specials start flying, each property on the block is trying to one up the next, the market survey responses get a little less honest, and everything turns into a “me too, me too” scenario.
It’s ugly.
And not only do I think it’s unhealthy for our communities, it’s worse for the customer.

But when you focus on the customer and truly consider their wants and needs, when you take the time to market what makes your community truly different, you create a new market.
A market that YOU own because you are doing things different. All of sudden your customer can see and hear your message because it’s no longer lost in the echo’s of the “me too, me too.”

The example that really struck me in the book was Cirque Du Soleil. They are at a base level, a circus. However they put their emphasis on very different features from every other circus in the market. In doing so, they not only have become an international brand, they are charging 10X what a typical circus ticket would cost. Blue Ocean suggests using a tool called a Strategy Canvas. It allows you to plot out all the features your competitors focus on and then identify opportunities to create a new pocket in a market by emphasizing what they miss.

This book is a pretty quick read, but one that I believe can be really impactful for your leasing teams as they navigate the crowded apartment market. Blue Ocean gives the tools to position your property apart from all the competition and make you the only choice in the eyes of your customer.

About The Author


Not one to settle for status quo, Holli has spent her 20 year career shaking up the multifamily industry. From creating unheard of building amenities to designing lounge-like leasing centers, to major Pinterest fails in the kitchen, she is ever experimenting. It’s no surprise that she created a new way to match apartment renters with their perfect home. Holli is a featured speaker and session facilitator at regional and national industry conferences. When she’s not brainstorming the next marketing campaign, you can find Holli testing the limits of bottomless brunch or climbing the Peloton Leaderboard!

Leave a reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Need An Apartment?

Start Your Apartment Search

Discover Aura Pentagon City

Top Apartment Blog

Apartment Blogs

Washington, DC Apartments

DC Apartments

Recommended Products

[gravityform id="8" title="false" description="false"]
<div class='gf_browser_unknown gform_wrapper' id='gform_wrapper_8' ><form method='post' enctype='multipart/form-data' id='gform_8' action='/2016/03/marketing-in-a-crowded-submarket/'> <div class='gform_body'><ul id='gform_fields_8' class='gform_fields top_label form_sublabel_below description_below'><li id='field_8_1' class='gfield field_sublabel_below field_description_below gfield_visibility_visible' ><label class='gfield_label gfield_label_before_complex' >Name</label><div class='ginput_complex ginput_container no_prefix has_first_name no_middle_name has_last_name no_suffix gf_name_has_2 ginput_container_name' id='input_8_1'> <span id='input_8_1_3_container' class='name_first' > <input type='text' name='input_1.3' id='input_8_1_3' value='' aria-label='First name' aria-invalid="false" /> <label for='input_8_1_3' >First</label> </span> <span id='input_8_1_6_container' class='name_last' > <input type='text' name='input_1.6' id='input_8_1_6' value='' aria-label='Last name' aria-invalid="false" /> <label for='input_8_1_6' >Last</label> </span> </div></li><li id='field_8_2' class='gfield gfield_contains_required field_sublabel_below field_description_below gfield_visibility_visible' ><label class='gfield_label' for='input_8_2' >Email<span class='gfield_required'>*</span></label><div class='ginput_container ginput_container_email'> <input name='input_2' id='input_8_2' type='email' value='' class='medium' aria-required="true" aria-invalid="false" /> </div></li> </ul></div> <div class='gform_footer top_label'> <input type='submit' id='gform_submit_button_8' class='gform_button button' value='Send it to me!' onclick='if(window["gf_submitting_8"]){return false;} if( !jQuery("#gform_8")[0].checkValidity || jQuery("#gform_8")[0].checkValidity()){window["gf_submitting_8"]=true;} ' onkeypress='if( event.keyCode == 13 ){ if(window["gf_submitting_8"]){return false;} if( !jQuery("#gform_8")[0].checkValidity || jQuery("#gform_8")[0].checkValidity()){window["gf_submitting_8"]=true;} jQuery("#gform_8").trigger("submit",[true]); }' /> <input type='hidden' class='gform_hidden' name='is_submit_8' value='1' /> <input type='hidden' class='gform_hidden' name='gform_submit' value='8' /> <input type='hidden' class='gform_hidden' name='gform_unique_id' value='' /> <input type='hidden' class='gform_hidden' name='state_8' value='WyJbXSIsImE3YzhmYjJmYjg1N2ZiMWUxMWVjM2JhZDMwMjRkZDQwIl0=' /> <input type='hidden' class='gform_hidden' name='gform_target_page_number_8' id='gform_target_page_number_8' value='0' /> <input type='hidden' class='gform_hidden' name='gform_source_page_number_8' id='gform_source_page_number_8' value='1' /> <input type='hidden' name='gform_field_values' value='' /> </div> </form> </div><script type='text/javascript'> jQuery(document).bind('gform_post_render', function(event, formId, currentPage){if(formId == 8) {} } );jQuery(document).bind('gform_post_conditional_logic', function(event, formId, fields, isInit){} );</script><script type='text/javascript'> jQuery(document).ready(function(){jQuery(document).trigger('gform_post_render', [8, 1]) } ); </script>