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Times Square Boasts Robust Retail

NEW YORK CITY-The latest monthly economic report from the Times Square Alliance shows robust retail activity and a mixed bag of hotel news.

By John McCurry | Updated on November 12, 2012

NEW YORK CITY-The latest monthly economic report from the Times Square Alliance shows robust retail activity and a mixed bag of hotel news. The opening of Microsoft’s holiday popup store on October 26 highlighted retail news in the area. The store is one of more than 30 temporary stores opening up in the US and Canada and figures to have brisk traffic during its holiday run.

Here are some of the October report’s highlights: Asking rates for real estate fell for the second straight month, down 4.2% from August. The report attributes the drop to leading of high-value spaces in the Bow Tie Building and continued rate at the 810 7th Ave. office buildings.

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