Theater District

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  • 1568 Broadway New York City New York 10036 United States
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1REC's Take
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Occupancy
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1REC's Take
Pros

✔ Proximity to Broadway shows ✔ High tourist traffic ✔ Numerous dining options

Cons

✘ Extremely crowded ✘ High rent prices ✘ Noise and light pollution

Shopper Profile

✦ Tourists: Attending Broadway shows ✦ Locals: Enjoying vibrant nightlife ✦ Preferences: Theaters, restaurants, entertainment

Successful Retail Uses:
Theaters, Restaurants, Entertainment
About Location
A spotlight of glitz and glamour, the Theater District draws crowds with its legendary Broadway marquees and theaters. Tourists, theater enthusiasts, and city dwellers alike come for the shows and stay for the restaurants and shops. Given its global appeal, rents are premium, dominated by institutional landlords.
Household Income in Trade Area: $130,000
Retail Sales in Trade Area: $3 billion
Population in Trade Area: 300,000
Occupancy
Tenant Sales per Square Foot: $1,200
Occupancy Rate: 97%
Anchor Tenants: Broadway Theaters, Times Square
Tenant Rent/Sales Ratio (%): 20.8% – 41.7%
Rent $ / Visitor (relative cost of the foot traffic): $62.5 – $125
Other Notes: Data sourced from public and private records.
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Know Before You Go
Preferred ISP(s)
Spectrum, Verizon Fios
Estimated Permit Timeline (weeks)
8-10
Landmarks Risk
High
Union Labor Disharmony Likelihood
Medium
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Primary Landlord: NYC
Retail Type: Streets & Neighborhoods
Address: 1568 Broadway
New York City
New York
10036
United States
MSA: New York-Newark-Jersey City NY-NJ-PA

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