Columbia Property Trust has completed the first piece of a plan to overhaul its 680,000-square-foot office building in the heart of downtown Jersey City.
CRE sentiment rises, but weighed down by construction cost challenges
Improving economic conditions have led to an improvement in the NAIOP CRE Sentiment Index, indicating both overall optimism and several ongoing concerns. However, respondents are now more pessimistic about construction costs than in any prior survey, and most expect construction labor costs to increase.



