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Retail

Fearing toll of higher payroll tax

The National Retail Foundation estimates seven out of every 10 consumers plan to reduce their spending because of the increase in payroll tax, enacted at the beginning of the year. Nearly 60 percent of Americans surveyed by the organization say the tax increase will affect their spending, saving and budgeting plans for the upcoming year.

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Report Retail vacancy rate holding steady

New Jersey’s retail vacancy rate remained steady at 7.8 percent, according to a year-end report by The Goldstein Group, a real estate brokerage firm based in Paramus. The survey, which covered more than 4,250 properties on 22 retail corridors in North and Central Jersey, showed retail vacancies were about the same as they were in mid-2012.

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