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London's Shopping Beats Out Dubai, NYC: Report

J.Crew London. Image via <a href="">Thirteen Pen Street</a>.
J.Crew London. Image via Thirteen Pen Street.

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A new report from CBRE, the world's largest commercial real estate services firm, concludes that London outranks every other city on the globe in terms of indie boutique and chain store shopping. Coming in second is glittery Dubai; New York City and Moscow are tied for third.

"Despite high rental levels, a fiercely competitive market and a lack of available prime space, London continues to attract retailers from around the world," reads the report. Last year, J.Crew, Isabel Marant and Tom Ford all opened stores in the city and 55% of all retailers have a location there.
· London 'is world's leading retail brand city' [Design Week UK]
· J.Crew's First UK Flagship Opens This Friday [Racked]
· Sorry Statesiders: Victoria Beckham's Store Will Open in London [Racked]