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JANUARY 2021 KEY INDICATORS January by the Numbers Monthly Key Economic Indicators

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JANUARY 2021 KEY INDICATORS January by the Numbers Monthly Key Economic Indicators TIMES SQUARE | JANUARY 2021 KEY INDICATORS January By the Numbers Monthly Key Economic Indicators 1 new store Opened in Times Square 24.9% Hotel occupancy in December 89,856 Average Daily Visitors to Times Square 30,653 January’s Midnight Moment The Subtle Knife by artist Daniel Crooks Total SF Leased in Times Square Average Daily Visitors Pedestrian Count Times Square experienced a slight drop in pedestrians be- AVERAGE DAILY 2020/21 tween December and January PEDESTRIAN COUNT 2019/ 20 as the holiday season came to 450,000 a close, which is consistent with previous years. 400,000 340,637 350,000 303,338 This month, the average daily 300,000 pedestrian count was 89,856, 250,000 a 70.4% decline from January 200,000 2020. For the frst time since Au- 150,000 gust, Times Square’s average pe- 105,030 89,856 destrian count fell below 100,000 100,000 people. 50,000 0 Foot traffc peaked on Saturday, DECEMBER JANUARY Source: Springboard January 2 at 133,704 people. TIMES SQUARE | JANUARY 2021 KEY INDICATORS Commercial Real Estate Class A In January, Times Square’s Class A commercial occupancy rate fell XXXXXXOCCUPANCY RATE/ XXXXTIMES SQUARE PRICE PER SQUARE FOOT XXXXMIDTOWN slightly from December to 91.1%, CLASS A PRICE PER SF but continued to exceed Mid- 95% town’s rate of 87.9%. $65 93% $65 Times Square’s average price per $64 square foot was unchanged from $64 91% last month at $64, while Mid- town’s fell slightly to $71. $73 $74 89% $73 $71 This month, two new leases were signed totaling 30,653 SF. 87% 85% OCTOBER NOVEMBER DECEMBER JANUARY 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- gy for reporting commercial rents to be a six-month moving average of net effective rent. XXXXXX XXXX XXXX Hotels Rates & Occupancy Times Square closed the year at 24.9% hotel occupancy, on par HOTEL OCCUPANCY + OCCUPANCY AVERAGE DAILY RATE with previous months but down AVERAGE DAILY RATE nearly 69% from 2019. Midtown 100% $332 and Manhattan performed slightly $331 better, ending the year at 28% occupancy, a 62% decline from 2019. 70% Times Square’s average daily rate in December was $144, up 13% from November and down 57% 40% from December 2019. Midtown $144 and Manhattan’s December daily rates were $130 and $152 10% respectively. 2018 2019 2020 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 | JANUARY 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 In January, Times W 48th St Square welcomed I Love NY Gifts at 700 Eighth Av- W 47th St enue. Additionally, 9 storefront businesses W 46th St re-opened in Janu- ary from pandemic closures. W 45th St I Love NY Gifts Looking ahead, we Running Subway Productions are excited for the W 44th St Taco Bell anticipated open- ing of 10 new W 43rd St stores and 7-Eleven Chick Fil A restaurants. 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 | JANUARY 2021 KEY INDICATORS Restaurants & Eateries Open for Take-Out, Delivery, or Outdoor Dining *Outdoor dining locations marked with asterisk Amorino Bibble & Sip Cafe Abbondanza Take-out only Take-out & Delivery Take-out only 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* Carnegie’s Pizza* Take-out only Take-out/Delivery/Outdoor Take-out/Delivery/Outdoor 270 W 47th Street 825 8th Avenue 200 W 41st Street (212) 869-0329 (212) 307-7029 (212) 777-4141 An’nam* Blue Dog Kitchen Carve Unique Sandwiches Outdoor Dining Take-out & Delivery Take-out only 234 W 48th Street 308 W 50th Street 780 8th Avenue (212) 247-8318 (212) 459-0700 (212) 730-4949 Arno Ristorante* Bluestone Lane Chef Pho & Peking Roast Duck Take-out/Delivery/Outdoor Take-out & Delivery Take-out & Delivery 141 W 48th Street 11 Times Square 858 8th Avenue (212) 944-7420 (718) 374-6858 (212) 459-3610 Auntie Anne’s of Times Square Brazil Grill* Chick-fl-A Take-out only Outdoor Dining Take-out & Delivery 664 8th Avenue 787 8th Avenue 675 8th Avenue (212) 764-1562 (646) 609-6057 (718) 504-6528 Aureole Buca di Beppo China Gourmet Take-out & Delivery Take-out & Delivery Take-out & Delivery 135 W 42nd Street 1540 Broadway 877 8th Avenue (212) 381-1170 (212) 764-6527 (212) 246-8191 Bareburger* Burger Bliss China River NYC Take-out/Delivery/Outdoor Take-out & Delivery Take-out & Delivery 366 W 46th Street 256 W 52nd Street 260 W 44th Street (212) 673-2273 (917) 284-5578 (646) 767-0854 Ben & Jerry’s* BV Burger* Chipotle Take-out & Outdoor Dining Take-out & Outdoor Dining Take-out & Delivery 200 W 44th Street 120 W 45th Street 854 8th Avenue (212) 933-4632 (212) 575-5413 (212) 757-4312 TIMES SQUARE | JANUARY 2021 KEY INDICATORS Restaurants & Eateries Open for Take-Out, Delivery, or Outdoor Dining *Outdoor dining locations marked with asterisk COOK* Domino’s Pizza Dunkin’ Take-out/Delivery/Outdoor Take-out & Delivery Take-out & Delivery 115 W 45th Street 227 W 40th Street 168 W 48th Street (212) 944-0400 (646) 682-7743 Connolly’s Pub & Restaurant* Dos Caminos* Dunkin’ Take-out/Delivery/Outdoor Take-out & Outdoor Dining Take-out & Delivery 121 W 45th Street 1567 Broadway 150 W 47th Street (212) 597-5126 (212) 918-1330 (800) 447-0013 Cosmic Diner* Don’t Tell Mama* EAK Ramen* Take-out/Delivery/Outdoor Take-out & Outdoor Dining Take-out/Delivery/Outdoor 888 8th Avenue 343 W 46th Street 360 W 46th Street (212) 333-5888 (212) 757-0788 (646) 850-8032 Curry India Donna Bell’s Bake Shop Europan Cafe* Take-out & Delivery Take-out only Take-out & Outdoor Dining 148 W 49th Street 301 W 49th Street 672 8th Avenue (212) 302-8150 (646) 410-0390 (212) 730-4442 Dallas BBQ Dunhill Cafe Famous Amadeus Pizza Take-out & Delivery Take-out & Delivery Take-out & Delivery 243 W 42nd Street 109 W 45th Street 840 8th Avenue (212) 221-9000 (212) 944-8484 (212) 489-6187 Dig Dunkin’ Famous Famiglia Pizza Take-out only Take-out only Take-out & Delivery 856 8th Avenue 210 W 50th Street 680 8th Avenue (212) 335-2106 (212) 757-4617 (212) 382-3030 Dim Sum Palace* Dunkin’ Five Guys Take-out/Delivery/Outdoor Take-out only Take-out & Delivery 334 W 46th Street 750 8th Avenue 253 W 42nd Street (646) 861-1910 (212) 944-1009 (212) 398-2600 Ding BBQ & Hotpot Dunkin’ Food Emporium* Take-out & Delivery Take-out & Delivery Take-out & Outdoor Dining 234 W 48th Street 850 8th Avenue 810 8th Avenue (212) 265-0828 (212) 245-8444 (212) 977-1710 TIMES SQUARE | JANUARY 2021 KEY INDICATORS Restaurants & Eateries Open for Take-Out, Delivery, or Outdoor Dining *Outdoor dining locations marked with asterisk Gallagher’s Steakhouse Haswell Green’s* Jasmine’s Carribbean Cuisine Take-out & Delivery Take-out/Delivery/Outdoor Take-out & Delivery 228 W 52nd Street 240 W 52nd Street 371 W 46th Street (212) 586-5000 (212) 245-2801 (646) 964-5337 Godiva Chocolatier Havana Central Joe Allen* Take-out only Take-out & Delivery Take-out/Delivery/Outdoor 745 7th Avenue 151 W 46th Street 326 W 46th Street (212) 921-2193 (212) 398-7440 (212) 581-6464 Gong Cha HAVEN Rooftop* Junzi Kitchen Take-out & Delivery Take-out/Delivery/Outdoor Take-out & Delivery 1600 Broadway 132 W 47th Street 135 W 41st Street (212) 659-2513 (212) 466-9000 (646) 669-8228 Green Emporium Ho Ho Te* Just Salad Take-out only Take-out/Delivery/Outdoor Take-out & Delivery 791 8th Avenue 805 8th Avenue 321 W 49th Street (212) 245-7270 (212) 381-4933 (866) 673-3757 Gregorys Coffee Hold Fast* Krispy Kreme Take-out only Take-out & Outdoor Dining Take-out only 762 7th Avenue 364 W 46th Street 1601 Broadway (646) 682-9968 (917) 261-6691 (646) 540-1153 Ground Central Coffee* The House of Brews* Kung Fu Little Steamed Take-out & Outdoor Dining Take-out & Outdoor Dining Buns Ramen 888 8th Avenue 363 W 46th Street Take-out & Delivery (917) 409-0147 (212) 245-0551 811 8th Avenue (917) 388-2555 Hale & Hearty Hurley’s Saloon Take-out only Take-out & Delivery La Masseria* 745 7th Avenue 232 W 48th Street Take-out/Delivery/Outdoor (212) 221-9666 (212) 765-8981 235 W 48th Street (212) 582-2111 Haru Sushi* Ichiran* Take-out & Outdoor Dining Take-out/Delivery/Outdoor Lattanzi Restaurant* 229 W 43rd Street 152 W 49th Street Take-out/Delivery/Outdoor (212) 398-9810 (646) 964-4294 361 W 46th Street (212) 315-0980 TIMES SQUARE | JANUARY 2021 KEY INDICATORS Restaurants & Eateries Open for Take-Out, Delivery, or Outdoor Dining *Outdoor dining locations marked with asterisk Le Marais* McDonald’s Ootoya Take-out/Delivery/Outdoor Take-out only Take-out & Delivery 150 W 46th Street 688 8th Avenue 141 W 41st Street (212) 869-0900 (212) 221-3864 (212) 704-0833 Le Rivage McDonald’s Pasta Lover’s Trattoria* Take-out & Delivery Take-out only Take-out/Delivery/Outdoor 340 W 46th Street 1530 Broadway 142 W 49th Street (212) 765-7374 (917) 409-5946 (212) 819-1155 The Little Beet McDonald’s Patzeria Pizza* Take-out & Delivery Take-out only Take-out & Outdoor Dining 135 W 50th Street 1651 Broadway 231 W 46th Street (212) 459-2338 (212) 586-5530 (212) 575-7646 Little Italy Pizza* McHale’s* Planet Hollywood Take-out/Delivery/Outdoor Take-out/Delivery/Outdoor Take-out & Delivery 167 W 48th Street 251 W 51st Street 1540 Broadway (646) 360-2343 (212) 957-5138 (212) 333-7827 Los Tacos No.
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