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Second Quarter Retail Vacancy Rate Improves, Tax Revenues Mixed

Second Quarter Retail Vacancy Rate Improves, Tax Revenues Mixed

By Susan Larson
Fredericksburg’s retail vacancy rate dropped to 6.2 percent in the three months ending June 30, 2014, according to Fredericksburg’s Department of Economic Development and Tourism.  It was 7.7 percent for the same period in 2013.
Retail sales tax revenues dropped 1.8 percent and lodging tax revenues dropped 1.3 percent over the same period last year.  Meals tax revenue was up 1.4 percent.

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