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Times Square November 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 40 0.40 $400 100% 95.0% 95.5% 94.8% 94.7% 93.4% 92.2% 35 0.35 $348 $304 30 0.30 $300 $287 80% $273 25 0.25 $240 $231 20 0.20 $200 60% 15 0.15 10 0.10 $100 40% 5 0.05 Sales 0 0.00 $0 Occupancy 20% 10/8 10/15 10/22 10/29 11/5 11/12 11/19 11/26 May June July August September October Despite there being 2-3 fewer shows running each Times Square hotels continue to maintain some of week of October, Broadway sales were very strong the highest occupancy rates in the city. Average this past month, especially during the week of daily rates have dropped slightly with seasonal Thanksgiving. trends and are on par with those of 2016. Source: The Broadway League Source: STR 2016 2017 Midtown TSQ PED COUNTS Last 4 Weeks CLASS A Last 6 Months Occupancy Net Effective Rent Rate Price/SF 400,000 100% $80 356,569 352,580 337,740 341,680 337,610 327,154 93% 300,000 $64 $60 90% 200,000 $40 80% 100,000 $20 Occupancy 0 70% $0 11/5 11/12 11/19 11/26 October November June July August September October November Average Average November’s average daily pedestrian count Times Square Class A occupancy rates remained increased slightly compared to October and this time stable this month at 93%. Average price per square last year. This month, Times Square reached a peak foot decreased slightly to $64. daily count of 390,937 people on Friday, Novemver 3. 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 Retail/Oce Map November 2017 OPENINGS 1. It’s Always Christmas W 53rd St New York 2. It’s Always Christmas 1 New York ! 1 1 W 52nd St W 52nd St 3. Grab n Go Shoppe 1 1 4. Opry City Stage 5. NFL Times Square 2 6. Hershey’s Chocolate W 51st St W 51nd St World 7. City Rooms NYC 2 8. Union Square Burger by Cozy Myers W 50th St W 50th St 9. Bridges General 10. Bluestone Lane Coffee 3 11. Jack’s W 49th St W 49th St COMING SOON 4 1. Knickerbocker Social 3 2 2. Princi Bakery W 48th St 3. CVS 2 4. Swarovski 3 1 5. Kuni’s Ikinari Steak 5 6 4 6. Sephora W 47th St y 7. Kiko Milano a 5 w e e e v v d 7 v 8. American Market by a A A A 4 o h h h r t t t B Todd English 7 9 8 9. Lionsgate Entertainment W 46t h St 5 3 8 City 6 1 10. Poke Signature W 45th St CLOSINGS 1. Dollar Thrifty Rent-a-Car 7 2. Chillbox Greek Frozen W 44th St Yogurt 3. 360 bar & Grill IN DEVELOPMENT 8 (A new building under construction) W 43rd St 1. Midtown Tower (2018) Hotel (2019) 3. Marriott Edition (2018) W 42nd St 4. Riu Hotel (2020) 9 5. DoubleTree Hotel/Palace Theatre (TBD) 9 10 W 41st St MAJOR OFFICE 7 10 1. 1540 Broadway Genesis Prize Foundation 11 2,927 SF W 40th St 6th Ave 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].

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Duane Morris LLP a Delaware Limited Liability Partnership 1540 Broadway New York, NY 10036 Tel: (212) 692.1000 Fax: (212) 208.4521 William C
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