Tag Archives: retail real estate

Tokyo, Singapore World’s Hottest Retail Markets

Source: World Property Journal

According to CBRE’s latest report on the retail real estate sector, Tokyo is the world’s hottest city for new retailer expansion, attracting 63 new retail brands, followed by Singapore with 58.

Domestic demand in Tokyo is expected to grow via the government’s initiative to attract more tourists to the country. In Singapore, food and beverage operators were among the most active in snapping up new real estate leases.

On a related note, retailers still substantial growth opportunities in the Asia Pacific region as 41% of American retailers continue to focus on the Asia region, while 79% of Asian retailers continue to target their own regions for further business expansion.

Source: Tokyo, Singapore World’s Hottest Retail Markets – WORLD PROPERTY JOURNAL Global News Center