February 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 50 0.50 $400 100% 95.5% 94.8% 94.7% 92.2% 93.4% 45 0.45 $348 $304 40 0.40 81.0% $300 $279 80% 35 0.35 $240 $231 30 0.30 $187 25 0.25 $200 60%

20 0.20

15 0.15 $100 40% 10 0.10

5 0.05 Sales 0 0.00 $0 Occupancy 20% 1/6 1/13 1/20 1/27 2/3 2/10 2/17 2/24 August September October November December January

Broadway sales and attendance remained strong in While both hotel room rates and occupancy in February and were higher than this time last year. Times Square have dropped with seasonal trends, January hotel occupancy is the highest it has been Source: in two years.

Source: STR

PED COUNTS Last 4 Weeks 2017 2018 CLASS A Last 6 Months Midtown TSQ Occupancy Net Effective Rent Rate Price/SF 400,000 100% $80 345,804 333,629 312,131 $66 300,000 285,373 93% 278,994 283,050 $60 90%

200,000 $40

80%

100,000 $20

0 70% Occupancy $0 2/4 2/11 2/18 2/25 January February September October November December January February Average Average The average daily pedestrian count increased by Times Square Class A occupancy rates remained 10% from January to February. This month, Times stable this month at 93%. Average price per square Square reached a peak daily count of 405,558 foot has dropped slightly from $68 to $66. people on Wednesday, February 21. Source: CoStar, Compstak Source: Springboard *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. TSq Retail/O ce Map February 2018

W 53rd St OPENINGS 1. Sichuan Manor

1 COMING SOON W 52nd St W 52nd St 1. Knickerbocker Social 1 2. Princi Bakery 3. CVS 4. Sony Hall W 51st St W 51nd St 5. Sephora 2 6. American Market by Todd English W 50th St W 50th St 7. Lionsgate Entertainment City 8. Poke Signature 3 W 49th St W 49th St CLOSINGS 2 1. Lil Charley Sushi & Salad

3 IN DEVELOPMENT W 48th St (A new building under construction) 1. Midtown Tower (2018) 4 1 2. Hotel Development (TBD) 5 3. Hard Rock Hotel (2019)

W 47th St 4. Marriott Edition (2018)

y

a 6 w e e e 5. Riu Hotel (2020)

v v d

v a A A A

o h

h h r 6. DoubleTree Hotel/Palace

t t t B 7 9 8 4 Theatre (TBD) W 46t h St MAJOR OFFICE 5 1.

W 45th St BGY US Holdings 3,244 SF 2. NASDAQ W 44th St 145,000 SF 1 3. 130 W 1 Times Square Attractions 6 1 W 43rd St Live 2,500 SF 2 Venn Capital Management W 42nd St 2,832 SF 7 3 4. 620 8th Avenue Liquidnet W 41st St 126,000 SF 8 4

W 40th St 6th Ave 6th 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]