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Gaithersburg reports $5 million transportation tax tranche, low retail vacancy and stronger leasing in 2025
Summary
City staff reported receipt of a $5 million tranche of transportation development tax funds earmarked for shared-use paths, sidewalk gaps and bus shelters; economic development staff also reviewed 2025 commercial real‑estate trends, citing a 4.6% unemployment rate (November), an 11% office vacancy rate and strong leasing activity.
City Manager and economic development staff updated the mayor and council on municipal finances and local market conditions on Jan. 20.
The City Manager reported that Gaithersburg received the first tranche — approximately $5,000,000 — of transportation development tax funds to be used for capacity‑expanding transportation projects, including shared‑use paths, sidewalk gap projects and bus shelters.…
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