Across Europe, the commercial real estate market is set to grow by €84.8 billion by 2029, with demand for adaptable office spaces on the rise. Meanwhile, construction and fit-out costs have surged—office fit-outs in cities like London cost up to €3,790 per square metre – making space efficiency more critical than ever. In this competitive environment, landlords must go beyond traditional leasing models and rethink how they monetise their space.

Gone are the days of rigid, long-term leases. The rise of hybrid work and coworking spaces has created demand for more dynamic leasing options. Offering short-term rentals, hot desking, and shared office spaces can attract a wider range of tenants, from startups to established businesses seeking flexible solutions. Multi-tenant buildings that incorporate coworking areas or on-demand meeting rooms can significantly boost their occupancy rates and rental income.

The EU’s Energy Performance of Buildings Directive requires all commercial buildings to meet an EPC rating of ‘E’ by 2027 and ‘D’ by 2030. Landlords who proactively invest in energy-efficient upgrades, such as smart lighting, heating, and ventilation systems, can not only reduce operational costs but also command higher rents. Green-certified buildings also tend to attract premium tenants willing to pay more for eco-friendly workspaces.

Today’s tenants expect more than just a desk and WiFi. On-site amenities such as fitness centres, cafés, event spaces, and concierge services can increase a building’s appeal and justify premium rents. Additionally, integrating technology—like smart access control, automated booking systems, and seamless visitor management—enhances tenant experience and operational efficiency, making the space more valuable.

Every square metre in a multi-tenant building should contribute to revenue generation. Reconfiguring layouts to increase desk density, introducing multi-purpose spaces, or even monetising common areas for pop-up events or retail collaborations can unlock additional income streams. With office construction costs up by 50% since 2019, maximising existing space is more cost-effective than expanding.

Take, for example, a multi-tenant office in Paris that upgraded its energy efficiency, improving its EPC rating from ‘F’ to ‘C’. This resulted in a 15% increase in rental value. Similarly, a London-based commercial building introduced flexible workspaces and premium amenities, leading to a 20% rise in revenue per square metre over two years. These cases highlight the tangible benefits of a strategic approach to space optimisationReal .

While these strategies can drive revenue growth, they also require upfront investment. Property owners must carefully assess market demand and tenant needs to ensure their investments align with long-term profitability. Smart planning, data-driven insights, and innovative property management solutions can make all the difference.

As multi-tenant buildings evolve, so must their revenue models. The future lies in data-driven decision-making, tenant-focused design, and the seamless integration of technology to enhance space efficiency. By staying ahead of trends and leveraging smart building management software, landlords can ensure that every square metre works harder to maximise profitability.

Want to see how technology can help you optimise your space and boost revenue? Zapfloor’s smart workspace solutions give you the insights and tools needed to make the most of your multi-tenant building. Let’s chat!