ATLANTA—Despite uncertain economic prospects and rising costs, international expansion is still high on the priority list for retailers this year. So says the latest CBRE Research “How Active Are Retailers Globally?” survey.

CBRE reveals American retailers are some of the most active, with 16% of brands looking to expand overseas. Specifically, 43% of American retail brands are looking to Japan, China, and Hong Kong as top expansion destinations. The US in a tie with Germany and the United Kingdom, which also report 16% of retail brands looking beyond their borders. Meanwhile, 11% of Italy's retailers are looking to expand globally.

“Given the ongoing challenges retailers face from cost escalation, successful delivery of omni-channel and changes in consumer behavior, it is increasingly important to have a strong network of stores to effectively represent their brand,” says Anthony Buono, executive managing director of Retail Services at CBRE. “Smart retailers recognize that the physical store environment delivers a culturally-important, positive experience for consumers and as such, will continue to open stores.”