Broadway ticket sales are up, and the crime rate in Times Square is lower than 2019 levels
Times Square in New York opened its 180th business recently, surpassing the 179 closures due to the COVID-19 pandemic. The event signals the entertainment district’s return from its ghost town days.
Restaurants are jam-packed Tuesdays through Thursdays, and multiple franchises are opening new bars and cafes. Retail rents shot up to an average of $1,342 a square foot in the third quarter, up from $959 during the same time last year.
Hotels also saw their average daily room rates rise 10% to $417. Broadway ticket sales are up, and the crime rate is lower than 2019 levels.
The overall foot traffic remains lower than pre-pandemic levels.