June 2017 Key Indicators

BROADWAY Last 8 Weeks 2016 2017 HOTELS Last 6 Months ‘14-’15 ‘15-’16 ‘16-’17 Gross Sales, Attendance, Average Occupancy in Millions Millions Daily Rate Rate 35 0.35 $400 100% 94.9% 93.5% 93.4% 90.4% 30 0.30 $319 83.5% 79.5% $300 $273 80% 25 0.25 $261

$220 20 0.20 $200 $183 60% $170 15 0.15

10 0.10 $100 40%

5 0.05 Sales 0 0.00 $0 Occupancy 20% 5/7 5/14 5/21 5/28 6/4 6/11 6/18 6/25 December January February March April May

Broadway sales and attendance were very strong Times Square hotels continue to maintain some of this past month, exceeding the same month last the highest occupancy rates in the city. While year by 22% and 7%, respectively. average daily rates remain lower than in previous years, Times Square revenue per room exceeded Source: The Broadway League that of Midtown for the first time since 2013.

Source: STR

PED COUNTS Last 4 Weeks 2016 2017 CLASS A Last 6 Months Midtown TSQ Occupancy Net Effective Rent Rate Price/SF 400,000 100% $80 354,195 353,423 355,784 344,701 334,293 337,287 93.0% 300,000 $60 $60 90%

200,000 $40

80%

100,000 $20

0 70% Occupancy $0 6/4 6/11 6/18 6/25 May June January February March April May June Average Average

While the average daily count in June 2017 exceed- Both Times Square Class A occupancy rates and ed that of June 2016, this past month’s week over average price per square foot remained stable this week gated counts were slightly below those of last month at 93% and $60/SF, respectively. * year. June average daily gated counts increased by 6% since May. Source: CoStar, Compstak *Beginning in December 2016, the Alliance changed their methodolo- gy calculating Class A commercial rents. The reported number is now a Source: Springboard six-month moving average of net effective rents. TSq June 2017

MAJOR OFFICE OPENINGS W 53rd St 1. 810 Seventh Avenue 1. Starbucks 1 Butler Snow 1 2. Junior’s Restaurant 4,028 SF 3. Bella Mia To-Go 1 2 ! 2. 1675 BroadwayW 52nd St 4. Bella Mia Ballard Spahr 5. Gifts I Love NY Luggage 27,000 SF 1 3 6. Lil Charley Sushi & Salad 3. 787 Seventh Avenue 7. Los Tacos No. 1 W 51st St Golden Tree Asset Management COMING SOON 2 1. SoHo Park 28,677 SF 1 4 2. Princi Bakery 4. 135 W 50thW 50 tStreeth St Volunteers of America 3. CVS 4. Opry City Stage 30,282 SF 2 5. 229 W 43rd Street 3 5. NFL Times Square W 49th St Felix 6. Hershey’s Chocolate 4 World 9,661 SF 1 6. 7. Friedman’s Cafe 2 8. Swarovski SchumannW 4 8&th Burghart St 9. Bond 45 3,445 SF 3 4 2 3 10. Wahlburgers 7. Eleven|X 1 5 11. Line Friends Microsoft 6 4 W 47th St 12. Kiko Milano 9,968 SF

7 y

a 5 13. Old Navy w e e 8. 570 Seventh Avenue e

v v d

v a A A

A 8

14. GAP o h

h h Apparel Solutions r

t

t t B 7 9 8 9 15. National Geographic 3,940 SF W 46t h St Times Square 16. American Market by 10 Todd English

W 45th St 17. Burger & Lobster 11 18. Steve Madden 13 19. Bluestone Lane Coffee 12 14 W 44th St CLOSINGS 15 1. M.A.C 5 6 2. Brazil Grill 6 7 16 5 W 43rd St IN DEVELOPMENT (A new building under construction) 17 1. Midtown Tower (2017) 18 2. Hard Rock Hotel (2019) W 42nd St 3. Marriott Edition (2017) 4. Riu Hotel (2020) 7 5. DoubleTree Hotel/Palace 19 W 41st St Theatre (TBD) 7 8 6th Ave 6th W 40th St

Dark Blue icons indicate a new “Coming Soon” to the map. For questions about retail or office changes in Times Square, contact Marianne Vernetson at [email protected]