What this covers
Helping businesses and practices evaluate whether to remain in place, renegotiate the existing lease, or relocate, across Tysons Corner, McLean, Vienna and the wider Northern Virginia market.
- Occupancy cost analysis on the current lease
- Market alternatives and what they would really cost
- Operational fit and growth headroom
- Timing, notice deadlines and termination rights
- Negotiating leverage and how to build it
Start earlier than feels necessary
Leverage in a renewal comes from time and from having somewhere else to go. Both take months to create. A tenant who begins twelve to eighteen months out has options. A tenant who begins ninety days out has a deadline, and in Tysons that deadline is worth real money to the landlord.
The honest answer
Sometimes the analysis says stay and renew. When it does, that is the recommendation, and the work has still paid for itself by establishing what the renewal should cost.
Questions we get asked.
When does my leverage actually run out?
Roughly eleven to eighteen months before expiry, well before the lease ends. Renewal notice deadlines commonly fall six to eighteen months out, and once you have signalled that you intend to stay, the negotiation is largely over.
What are the three dates I should find in my lease?
Expiration, the renewal option notice deadline, and any termination right. Work backwards from the expiration using the timeline for your size and condition, and if that start date has already passed, that is a reason to move now rather than a reason to wait.
Other services.
Healthcare Tenant Representation
Medical, dental, behavioural health and ambulatory practices leasing or buying in Tysons Corner and Northern Virginia.
Office Tenant Representation
Office tenants in Tysons Corner and Northern Virginia, in new leases, relocations, expansions and renewals.
Buyer Representation
Practices and businesses purchasing commercial property for their own occupancy.
Request a complimentary strategy call.
Thirty minutes on your requirement, your timing and where the leverage actually sits. A written read on the market comes back before anything is toured. No obligation.