Why retail vacancies shrank in Larchmont’s business district

The village of Larchmont has seen a drop in retail storefront vacancies as part of a “revival” of its business district, LoHud reported. Larchmont mayor Lorraine Walsh told the outlet that vacancies have dipped from 12 percent to around five percent within the past two years. A number of stores and restaurants have opened and an online shopping website that supports Larchmont businesses launched at the beginning of the year. “We have a strong, loyal community, affluent demographic and a broad mix of ages and lifestyles so we present a wonderful market opportunity for creative business operators,” the mayor said. [LoHud]