TIMES SQUARE | MARCH 2021 KEY INDICATORS March By the Numbers Monthly Key Economic Indicators
53% of storefront businesses open in Times Square
33.7% Hotel occupancy in February
110,853 Average Daily Visitors to Times Square
8,874 Eric Johnson’s Lake displayed in Times Square as March’s Midnight Moment. Total SF Leased in Times Square
Average Daily Visitors Pedestrian Count
In March, Times Square’s pe- destrian counts picked up with AVERAGE DAILY 2021 the warm weather, averaging PEDESTRIAN COUNT 2020
110,853 people a day, the 450,000 highest in a year. This represents 400,000 a 34.6% decline from March 331,026 2020 when the pandemic shut- 350,000 down the City. However, compared 300,000 to 2019, this month’s daily aver- 250,000 age declined 67.1%, on par with 200,000 recent months. 169,559 150,000 110,853 88,686 This month, foot traffc peaked 100,000 on Saturday, March 27th, the 50,000 warmest day of the month, at 0 FEBRUARY MARCH 166,288 people. Source: Springboard
TIMES SQUARE | MARCH 2021 KEY INDICATORS Commercial Real Estate Class A
Times Square’s Class A commercial occupancy rate in March declined XXXXXXOCCUPANCY RATE/ XXXXTIMES SQUARE PRICE PER SQUARE FOOT XXXXMIDTOWN slightly from last month to 91.2%, CLASS A PRICE PER SF but continued to surpass Midtown’s 95% rate of 87.2%.
93% Over the past few months, net ef- $64 $63 fective rents in both Times Square $64 $61 and Midtown have been decreas- 91% ing incrementally, ending March at
$61 per square foot and $68 per 89% $73 square foot respectively. $71 $69 $68 87% This month, no Class A leases were signed in Times Square. March 85% leasing activity totaled 8,874 SF DECEMBER JANUARY FEBRUARY MARCH across one Class B lease and two Source: CoStar, CompStak. Times Square fgures include properties within the BID boundaries. Midtown fgures are based on CoStar Submarkets. Beginning in Dec. 2016, the Alliance changed our methodolo- retail leases. gy for reporting commercial rents to be a six-month moving average of net effective rent. XXXXXX XXXX XXXX Hotels Rates & Occupancy
Times Square’s February hotel occupancy of 33.7% exceeded HOTEL OCCUPANCY + OCCUPANCY AVERAGE DAILY RATE January’s by 9.3%, and was the AVERAGE DAILY RATE frst time occupancy surpassed 100% 30% since May 2020. Midtown and Manhattan saw similar $169 $175 increases to 36% and 35% occu- pancy in February. 70%
Times Square’s average daily rate in February was $126, on par with January but down 25% from 40% $126 2020. Midtown and Manhattan had daily rates of $123 and $145 respectively. 10% . 2019 2020 2021 Source: Smith Travel Research. All fgures are based on representative samples of hotels within respective boundaries. Please note that hotel fgures are based on the month prior to the reporting month. TIMES SQUARE | MARCH 2021 KEY INDICATORS Retail Update Opened & Coming Soon
OPENINGS
W 53rd St COMING SOON Angelina Bakery
W 52rd St Food + Beverage
Retail W 51st St Entertainment
Other W 50th St
W 49th St Burger Man This month, we wel- 16 Handles W 48th St comed 16 Han- dles to the district at 732 Seventh Avenue. W 47th St In the coming months, we are looking for- ward to the antici- W 46th St pated opening of 10 new storefront businesses. W 45th St
Running Subway Productions W 44th St Taco Bell Jollibee
W 43rd St 7-Eleven
Smashburger Just Baked W 42nd St Club Nebula
Shake Shack
W 41st St ve
A Broadway 6th 8th Ave 7th Ave
W 40th St TIMES SQUARE | MARCH 2021 KEY INDICATORS Restaurants & Eateries Open for Take-Out, Delivery, Outdoor or Indoor Dining *Outdoor & indoor dining locations marked with asterisk
Amorino Bibble & Sip Cafe Abbondanza Take-out only Take-out & Delivery Take-out & Delivery 721 8th Avenue 253 W 51st Street 146 W 46th Street (212) 445-0101 (646) 649-5116 (212) 938-1333
Andy’s Deli & Natural Foods Blockheads* Cafe Un Deux Trois* Take-out only Take-out/Delivery/Outdoor Take-out/Delivery/Indoor 270 W 47th Street 825 8th Avenue 123 W 44th Street (212) 869-0329 (212) 307-7029 (212) 354-4148
An’nam* Blue Dog Kitchen* Carnegie’s Pizza* Take-out/Delivery/Outdoor/Indoor Take-out/Delivery/Outdoor/Indoor Take-out/Delivery/Outdoor 234 W 48th Street 308 W 50th Street 200 W 41st Street (212) 247-8318 (212) 459-0700 (212) 777-4141
Auntie Anne’s of Times Square Bluestone Lane Carve Unique Sandwiches* Take-out only Take-out & Delivery Take-out & Indoor Dining 664 8th Avenue 11 Times Square 780 8th Avenue (212) 764-1562 (718) 374-6858 (212) 730-4949
BarDough* Bubba Gump Shrimp Co.* Chef Pho & Peking Roast Duck Take-out/Delivery/Outdoor/Indoor Take-out/Delivery/Indoor Dining Take-out & Delivery 350 W 46th Street 1501 Broadway 858 8th Avenue (917) 262-0543 (212) 391-7100 (212) 459-3610
Bareburger* Buca di Beppo Chick-fl-A Take-out/Delivery/Outdoor/Indoor Take-out & Delivery Take-out & Delivery 366 W 46th Street 1540 Broadway 675 8th Avenue (212) 673-2273 (212) 764-6527 (718) 504-6528
Becco* Burger Bliss China Gourmet Indoor & Outdoor Dining Take-out & Delivery Take-out & Delivery 355 W 46th Street 256 W 52nd Street 877 8th Avenue (212) 397-7597 (917) 284-5578 (212) 246-8191
Ben & Jerry’s* BV Burger* China River NYC* Take-out & Outdoor Dining Take-out & Outdoor Dining Take-out/Delivery/Indoor 200 W 44th Street 120 W 45th Street 260 W 44th Street (212) 933-4632 (212) 575-5413 (646) 767-0854 TIMES SQUARE | MARCH 2021 KEY INDICATORS Restaurants & Eateries Open for Take-Out, Delivery, Outdoor or Indoor Dining *Outdoor & indoor dining locations marked with asterisk
Chipotle Dim Sum Palace* Dunkin’ Take-out & Delivery Take-out/Delivery/Outdoor/Indoor Take-out & Delivery 854 8th Avenue 334 W 46th Street 168 W 48th Street (212) 757-4312 (646) 861-1910 (646) 682-7743
COOK* Ding BBQ & Hotpot* Dunkin’ Take-out/Delivery/Outdoor/Indoor Take-out/Delivery/Indoor Take-out & Delivery 115 W 45th Street 234 W 48th Street 150 W 47th Street (212) 265-0828 (800) 447-0013
Connolly’s Pub & Restaurant* Domino’s Pizza EAK Ramen* Take-out/Delivery/Outdoor/Indoor Take-out & Delivery Take-out/Delivery/Outdoor/Indoor 121 W 45th Street 227 W 40th Street 360 W 46th Street (212) 597-5126 (212) 944-0400 (646) 850-8032
Cosmic Diner* Dos Caminos* Europan Cafe* Take-out/Delivery/Outdoor/Indoor Take-out/Outdoor/Indoor Take-out & Outdoor Dining 888 8th Avenue 1567 Broadway 672 8th Avenue (212) 333-5888 (212) 918-1330 (212) 730-4442
Counter Burger* Don’t Tell Mama* Famous Amadeus Pizza Take-out/Delivery/Indoor Take-out & Outdoor Dining Take-out & Delivery 1451 Broadway 343 W 46th Street 840 8th Avenue (646) 669-8216 (212) 757-0788 (212) 489-6187
Dallas BBQ* Dunhill Cafe* Famous Famiglia Pizza* Take-out/Delivery/Outdoor/Indoor Take-out/Delivery/Indoor Take-out/Delivery/Indoor 243 W 42nd Street 109 W 45th Street 680 8th Avenue (212) 221-9000 (212) 944-8484 (212) 382-3030
Dave & Buster’s* Dunkin’ Fashion at the RIU Hotel* Take-out/Delivery/Indoor Take-out only Outdoor & Indoor Dining 234 W 42nd Street 750 8th Avenue 305 W 46th Street (646) 495-2015 (212) 944-1009 (646) 864-1100
Deacon Brodie’s Tavern* Dunkin’ Five Guys Outdoor & Indoor Dining Take-out & Delivery Take-out & Delivery 370 W 46th Street 850 8th Avenue 253 W 42nd Street (212) 262-1452 (212) 245-8444 (212) 398-2600 TIMES SQUARE |MARCH 2021 KEY INDICATORS Restaurants & Eateries Open for Take-Out, Delivery, Outdoor or Indoor Dining *Outdoor & indoor dining locations marked with asterisk
Food Emporium* Haswell Green’s* Jasmine’s Carribbean Cuisine* Take-out & Outdoor Dining Take-out/Delivery/Outdoor/Indoor Take-out/Delivery/Indoor 810 8th Avenue 240 W 52nd Street 371 W 46th Street (212) 977-1710 (212) 245-2801 (646) 964-5337
Gallagher’s Steakhouse* Havana Central* Junzi Kitchen Take-out/Delivery/Indoor Take-out/Delivery/Indoor Take-out & Delivery 228 W 52nd Street 151 W 46th Street 135 W 41st Street (212) 586-5000 (212) 398-7440 (646) 669-8228
Gong Cha HAVEN Rooftop* Just Salad Take-out & Delivery Take-out/Delivery/Outdoor/Indoor Take-out & Delivery 1600 Broadway 132 W 47th Street 321 W 49th Street (212) 659-2513 (212) 466-9000 (866) 673-3757
Green Emporium Ho Ho Te* Krispy Kreme Take-out only Take-out/Delivery/Outdoor Take-out only 791 8th Avenue 805 8th Avenue 1601 Broadway (212) 245-7270 (212) 381-4933 (646) 540-1153
Gregorys Coffee Hold Fast* Kung Fu Little Steamed Take-out only Take-out/Outdoor/Indoor Buns Ramen 762 7th Avenue 364 W 46th Street Take-out & Delivery (646) 682-9968 (917) 261-6691 811 8th Avenue (917) 388-2555 Ground Central Coffee* The House of Brews* Take-out & Outdoor Dining Outdoor & Indoor Dining La Masseria* 888 8th Avenue 363 W 46th Street Take-out/Delivery/Outdoor/Indoor (917) 409-0147 (212) 245-0551 235 W 48th Street (212) 582-2111 Hale & Hearty Hurley’s Saloon* Take-out only Take-out/Delivery/Outdoor/Indoor Lattanzi Restaurant* 745 7th Avenue 232 W 48th Street Take-out/Delivery/Outdoor (212) 221-9666 (212) 765-8981 361 W 46th Street (212) 315-0980 Haru Sushi* Ichiran* Take-out/Outdoor/Indoor Take-out/Delivery/Outdoor/Indoor Le Marais* 229 W 43rd Street 152 W 49th Street Take-out/Delivery/Outdoor/Indoor (212) 398-9810 (646) 964-4294 150 W 46th Street (212) 869-0900 TIMES SQUARE | MARCH 2021 KEY INDICATORS Restaurants & Eateries Open for Take-Out, Delivery, Outdoor or Indoor Dining *Outdoor & indoor dining locations marked with asterisk
The Little Beet* McDonald’s Ootoya* Take-out/Delivery/Indoor Take-out only Take-out/Delivery/Indoor 135 W 50th Street 1651 Broadway 141 W 41st Street (212) 459-2338 (212) 586-5530 (212) 704-0833
Little Italy Pizza* McHale’s* Palm Restaurant* Take-out/Delivery/Outdoor Take-out/Delivery/Outdoor/Indoor Take-out/Delivery/Indoor 167 W 48th Street 251 W 51st Street 250 W 50th Street (646) 360-2343 (212) 957-5138 (212) 333-7256
Los Tacos No. 1* The Mean Fiddler* Pasta Lover’s Trattoria* Take-out/Delivery/Outdoor Outdoor & Indoor Dining Take-out/Delivery/Outdoor/Indoor 229 W 43rd Street 266 W 47th Street 142 W 49th Street (212) 256-0343 (212) 354-2950 (212) 819-1155
Majestic Delicatessen Cafe* Melt Shop Patzeria Pizza* Take-out/Outdoor/Indoor Take-out only Take-out/Delivery/Outdoor/Indoor 200 W 50th Street 877 8th Avenue 231 W 46th Street (212) 581-8249 (646) 781-8400 (212) 575-7646
Margon* Mia’s Brooklyn Bakery Planet Hollywood Take-out/Delivery/Outdoor/Indoor Take-out only Take-out & Delivery 136 W 56th Street 716 7th Avenue 1540 Broadway (212) 354-5013 (917) 261-4437 (212) 333-7827
Masseria Caffe and Bakery* Modern Tea Shop* Playwright Celtic Pub* Take-out/Delivery/Outdoor/Indoor Take-out/Delivery/Outdoor Take-out/Outdoor/Indoor 235 W 48th Street 300 W 49th Street 732 8th Avenue (212) 969-0900 (646) 850-1333 (212) 354-8404
McDonald’s O’Donoghue’s Pub & Restaurant* Playwright Tavern* Take-out only Take-out & Indoor Dining Take-out/Delivery/Outdoor/Indoor 688 8th Avenue 156 W 44th Street 202 W 49th Street (212) 221-3864 (212) 997-2262 (212) 262-9229
McDonald’s Olive Garden* Poke Bowl* Take-out only Take-out/Delivery/Indoor Take-out/Delivery/Outdoor 1530 Broadway 2 Times Square 840 8th Avenue (917) 409-5946 (212) 333-3254 (917) 261-5581 TIMES SQUARE | MARCH 2021 KEY INDICATORS Restaurants & Eateries Open for Take-Out, Delivery, Outdoor or Indoor Dining *Outdoor & indoor dining locations marked with asterisk
Pongsri Thai Restaurant Ray’s Famous Pizza* Sake Bar Hagi 46* Take-out & Delivery Take-out/Delivery/Outdoor/Indoor Take-out/Delivery/Outdoor/Indoor 244 W 48th Street 736 7th Avenue 358 W 46th Street (212) 582-3392 (212) 956-7297 (212) 956-2429
Port Gourmet Deli Red Lobster* Schnippers* Take-out & Delivery Take-out/Delivery/Indoor Take-out/Delivery/Outdoor/Indoor 681 8th Avenue 5 Times Square 620 8th Avenue (212) 245-2362 (212) 730-6706 (212) 921-2400
Pret a Manger Red Poke Serafna at the Time Hotel* Take-out & Delivery Take-out & Delivery Take-out/Delivery/Outdoor/Indoor 825 8th Avenue 885 8th Avenue 224 W 49th Street (212) 459-8971 (212) 245-2111 (212) 247-1000
Prime Catch 46* The Ritz Bar & Lounge* Shake Shack Take-out/Delivery/Indoor Take-out/Delivery/Outdoor Take-out & Delivery 140 W 46th Street 369 W 46th Street 691 8th Avenue (646) 649-2288 (212) 977-3884 (646) 435-0135
Prive Le Bernardin* Russian Samovar* Silky Kitchen* Indoor Dining Take-out/Delivery/Indoor Take-out/Delivery/Indoor 153 W 51st Street 256 W 52nd Street 134 W 46th Street (212) 554-1119 (212) 757-0168 (646) 360-3442
P.S. Kitchen* Russian Vodka Room* SoHo Park Take-out/Delivery/Outdoor Take-out/Delivery/Outdoor/Indoor Take-out & Delivery 246 W 48th Street 265 W 52nd Street 832 8th Avenue (212) 651-7247 (212) 307-5835 (917) 543-4557
Pure Ktchn* Ruth’s Chris Steak House* Sombrero* Take-out/Delivery/Outdoor/Indoor Take-out/Outdoor/Indoor Take-out/Delivery/Outdoor/Indoor 352 W 46th Street 148 W 51st Street 303 W 48th Street (646) 755-8502 (212) 245-9600 (212) 586-4853
Radio City Pizza* SAAR Indian Bistro Starbucks Take-out/Delivery/Outdoor Take-out & Delivery Take-out only 142 W 49th Street 241 W 51st Street 104 W 43rd Street (646) 892-9708 (646) 609-2142 (212) 382-2205 TIMES SQUARE | MARCH 2021 KEY INDICATORS Restaurants & Eateries Open for Take-Out, Delivery, Outdoor or Indoor Dining *Outdoor & indoor dining locations marked with asterisk
Starbucks Starbucks Times Deli Cafe Take-out only Take-out only Take-out only 325 W 49th Street 811 7th Avenue 158 W 44th Street (212) 765-3917 (212) 581-1000 (212) 944-1234
Starbucks Star Lite Deli* Times Eatery* Take-out only Take-out & Outdoor Dining Take-out/Outdoor/Indoor 750 7th Avenue 212 W 44th Street 680 8th Avenue (212) 974-0032 (212) 840-1859 (646) 386-7787
Starbucks Subway* Times Square Diner & Grill* Take-out & Delivery Take-out/Delivery/Outdoor/Indoor Take-out/Outdoor/Indoor 770 8th Avenue 214 W 50th Street 807 8th Avenue (212) 830-9001 (212) 265-1822 (212) 315-2400
Starbucks Sushi of Gari 46 Tito Murphy’s* Take-out only Take-out & Delivery Take-out/Delivery/Outdoor/Indoor 871 8th Avenue 347 W 46th Street 346 W 46th Street (212) 246-7699 (212) 957-0046 (212) 245-2030
Starbucks Sushi Lab* Toasties Take-out & Delivery Take-out/Delivery/Outdoor/Indoor Take-out & Delivery 1500 Broadway 132 W 47th Street 148 W 49th Street (212) 221-7515 (212) 432-0000 (212) 398-4900
Starbucks Sushi Seki* Toloache* Take-out & Delivery Take-out/Delivery/Outdoor/Indoor Take-out/Outdoor/Indoor 1585 Broadway 365 W 46th Street 251 W 50th Street (212) 541-7515 (212) 581-1818
Starbucks Taco Bell Cantina Tony’s DiNapoli* Take-out only Take-out & Delivery Take-out/Delivery/Indoor 825 8th Avenue 840 8th Avenue 147 W 43rd Street (212) 307-1421 (332) 877-3855 (212) 221-0100
Starbucks Tender Steak & Sushi Trattoria Trecolori Take-out only Take-out & Delivery Take-out & Delivery 684 8th Avenue 132 W 47th Street 254 W 47th Street (212) 398-9702 (212) 514-6000 (212) 997-4540 TIMES SQUARE | MARCH 2021 KEY INDICATORS Restaurants & Eateries Open for Take-Out, Delivery, Outdoor or Indoor Dining *Outdoor & indoor dining locations marked with asterisk
TSQ Brasserie* Z Deli Pizzeria* Take-out/Delivery/Indoor Take-out/Delivery/Outdoor 723 7th Avenue 803 8th Avenue (212) 398-1118 (212) 315-1659
Uncle Tetsu’s Japanese 7-Eleven Cheesecake Take-out only Take-out only 881 8th Avenue 135 W 41st Street (212) 247-9379 (646) 922-8246 .99 Pizza Express Urbanspace W 52nd* Take-out & Delivery Take-out & Indoor Dining 303 W 43rd Street 152 W 52nd Street (212) 315-5257 (646) 415-8652
Val Cafe* Take-out & Outdoor Dining 168 W 46th Street (212) 840-4050
Victor’s Cafe* Take-out/Delivery/Indoor 236 W 52nd Street (212) 586-7714
Wolfgang’s Steakhouse* Take-out/Outdoor/Indoor 250 W 41st Street (212) 921-3720
XOXO NYC Bar Take-out & Delivery 334 W 46th Street (212) 957-8358
Yuri Sushi Take-out & Delivery 374 W 46th Street (212) 265-5686