Clifford Chance
REvolve Report - Non-core: Alternative Ways to Commercialise Buildings
29 January 2025
"Whilst the traditional turnover rent structure may be too difficult to adopt in the office sector, with the potential for increased vacancy rates on the horizon, landlords may still need to think creatively about rental structures to keep up with tenants' demands and maintain occupancy levels."
Technological advancements and a change in working patterns over recent years have reduced the demand for retail and office space, applying downward pressure on rental income. How are real estate owners responding?
The latest REvolve report, 'Non-core: Alternative Ways to Commercialise Buildings', considers the commercialisation of buildings, exploring the diverse sources of non-core income, their impact on property owners and occupiers, and the possible implications for property value and the future structure of the sector.
As a member of REvolve, the Digital Real Estate Innovation Council, Clifford Chance has contributed to this report alongside some of the leading names in the sector including Knight Frank, Legal & General Investment Management, re:sustain and Smart Spaces.
For more information, contact our Head of UK Proptech Matt Taylor or Ben Redding, Senior Associate.
