JLL: Los Angeles is ranked 16th in terms of its Cross-Border Retailer Attractiveness Index
In its Destination Retail report, JLL noted that Los Angeles has a Cross-Border Retailer Attractiveness Index of 162 and is ranked 16th overall. The report is based on a survey of 240 leading retail brands across 140 cities globally. The cities account for 36% of global GDP, 13% of the world’s population and one third of the world’s consumer spending. The index shows, for each case, the presence of retailers, relative to the average of 100. Los Angeles is classified as a Global Retail City. Growth of spending in 2015-19 is expected to be about 3.3% annually. Average prime retail rents are around USD5,000 per square metre per annum.
Source : JLL/Apr 2016/Los Angeles/RET