The A Value Before the Build
cross major U.S. metros, tenant improvement projects are moving
again. Office repositioning, renewals and selective expansions are back on the calendar. According to recent market reporting from JLL, U.S. office leasing activity hit a post-pandemic high in the fourth quarter of 2025, with annual leasing growing about 5.2% year-over-year and large-scale
Understanding the hidden ROI in preconstruction
transactions increasing roughly 15%
By Eric Schmitz
compared with the prior year.
78
COMMERCIAL CONSTRUCTION & RENOVATION — ISSUE 5, 2026