Los Angeles County is the second most attractive retail market in the United States, according to a recent report by JLL. It was topped only by New York City.
The authors of the report examined the presence of 240 international retail brands in 140 international cities. They considered the drivers of each city’s growth, opportunity and barriers. The authors also assessed the vitality and attractiveness of the cities.
While Los Angeles was high up in the list of American cities, it was only 16th in the world. Cities in the United States made up just 26.4 percent of the top 50 cities. Only one U.S. city — New York, at number five — made the top 15.
The list was dominated by cities in Asia Pacific, However, London, which has the highest presence of international retailers compared to its global peers, took the number one slot.
One-third of the top 15 global retail cities are located in the Middle East. — Hannah Miet