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Tokyo is World’s “Hottest” Retail Market, According to CBRE’s Annual “How Global is the Business of Retail?” Report

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LOS ANGELES--(BUSINESS WIRE)--Tokyo is the world’s hottest market for retail expansion, attracting 63 new brands last year as leasing momentum in core areas remained strong, despite mixed signals in the economy and an increase in the sales tax to eight percent in April 2014, according to the latest report from CBRE Group, Inc., “How Global is the Business of Retail?” Toronto stood out as the hottest market in the Americas, attracting 25 new international brands in 2014. According to the report—

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