CBRE, a commercial real estate firm, named Toronto one of the 'hottest' markets for international retail expansion in the Americas. In 2014, Toronto attracted 25 new international retailers. CBRE's report How Global is is the Business of Retail? examines 50 countries and 164 cities across the world to determine what markets are targeted by international brands. Retailers were selected based on global and national retail directories and surveys of retail turnover. A retailer is considered 'present' when it operates a stand-alone operation.