AUSTRALIA’s almost uninterrupted strong economic run - which has resulted in an almost uninterrupted consumption binge - is piquing the interest of North America’s major retail businesses. According to a new report by commercial agency CB Richard Ellis, Sydney and Melbourne have both ranked in the top 10 most attractive destinations for expansion.

 

The survey samples 323 global retailers, and 209 cities in 73 countries.

 

CBRE’s Kevin Stanley said "when looking at markets outside their home region, London is the top target for American retailers, just ahead of Dubai. However Sydney and Melbourne are not far behind."

 

Australia’s two biggest capital cities ranked higher than Beijing, Madrid, Paris and Shanghai.

 

Kevin is CBRE Executive Director, Global Research and Consulting