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Download to View Times Square November 2018 Key Indicators BROADWAY Last 8 Weeks 2017 2018 HOTELS Last 6 Months ‘15-’16 ‘16-’17 ‘17-’18 Gross Sales, Attendance, Average Occupancy in Millions Millions Daily Rate Rate 40 0.40 $400 100% 95.8% 94.8% 94.6% 94.3% 94.3% 93.2% 35 0.35 $300 $314 30 0.30 $300 $288 $281 80% $244 25 0.25 $234 20 0.20 $200 60% 15 0.15 10 0.10 $100 40% 5 0.05 Occupancy 0 Sales 0.00 $0 20% 10/6 10/13 10/20 10/27 11/3 11/10 11/17 11/24 May June July August September October Broadway sales exceeded 2017 levels by more than The average daily room rate and the hotel occupan- $4 million per week in November. Attendance was cy rate both rose last month compared to October up an average of more than 22% per week this 2017. October’s occupancy rate is the highest in month compared to November 2017. Times Square in the last five years, and exceeds the occupancy rates in Midtown and in Manhattan Source: The Broadway League overall. Source: STR 2017 2018 Midtown TSQ PED COUNTS Last 4 Weeks CLASS A Last 6 Months Occupancy Net Effective Rent Rate Price/SF 500,000 100% $80 412,442 402,759 400,000 94% 358,571 353,521 358,583 363,027 $60 90% $59 300,000 $40 200,000 80% $20 100,000 Occupancy 0 70% $0 11/3 11/10 11/17 11/24 October November June July August September October November Average Average In November, the average daily pedestrian count In November, the Times Square Class A occupancy was 363,027, exceeding that of November 2017 by rate continued to exceed that of Midtown. However, 8%. This month, Times Square reached a peak daily the average price per square foot has decreased count of 444,922 people on Friday, November 2. from $69 to $59 over the last six months. Source: Springboard Source: CoStar, Compstak *Beginning in December 2016, the Alliance changed their methodolo- gy calculating Class A commercial rents. The reported number is now a six-month moving average of net effective rents. Times Square Retail Update NEW & COMING SOON November 2018 OPENED W 53rd St COMING SOON Sapphire Gentleman's Club W 52rd St Food + Beverage Dunkin’ Retail W 51st St Entertainment Taco Bell Cantina Princi Bakery Hotel W 50th St CVS Other WeWork Pastrami Queen W 49th St Ichiran Christmas in New York Pop-up W 48th St In November, we First & Last Mia’s Brooklyn Bakery CoverGirl Happy Socks welcomed Cover- Girl at 30 Times W 47th St Square, Happy ve ve A A Pele Soccer Socks at 2 Times oadway r B 8th 7th W 46th St Square, and Princi E.A.K. Ramen Cabo Wabo Cantina Levi’s Bakery at 1633 Sephora Merrion Row Hotel Broadway. W 45th St McDonald’s W 44th St CoverGirl opens at The Ribbon 30 Times Square. W 43rd St Patrick's Restaurant W 42nd St Lionsgate Entertainment City Payless ShoeSource Pop-up Junzi Kitchen W 41st St ve A 6th W 40th St.
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