Richard A. Ciccarone Quoted in the Wall Street Journal

Wall Street Journal Article: Wall Street Sours on America’s Downtowns

Richard A. Ciccarone of Merritt Research Services, an Investortools company, was recently quoted in the Wall Street Journal about office building occupancy, which has still not recovered to pre-pandemic levels. Richard was early to mention warnings of this potential “Long Covid” problem in his 2022 report Tracking Municipalities Reliance on Top Taxpayers and the strain it would have on both those with investments tied to commercial real estate as well as the municipalities that rely on property tax for revenue.

“You could see this as a slow-motion change or as the beginning of a slow-moving train wreck.”