Tokyo World’s Hottest Retail Market, Study Says

Tokyo is the world’s hottest market for retail expansion, according to CBRE Group.

The city, where cutting edge fashion mingles with young women clad in Hello Kitty regalia and anime adherents, attracted 63 new brands last year. “How Global is the Business of Retail?” a CBRE study, found strong leasing momentum in Tokyo’s core despite mixed signals in the economy and an 8 percent sales tax increase in April 2014.