A method for adjusting a multi-dimensional operating space of a wind turbine includes receiving, via a central multi-dimensional operating space controller, a plurality of signals from a plurality of requestors of modified operating space. Each of the plurality of signals includes a data structure having requested set points for a plurality of dimensions in the operating space. The method also includes tracking, via the central multi-dimensional operating space controller, current set points for the plurality of dimensions in the operating space. Further, the method includes dynamically determining, via the central multi-dimensional operating space controller, an output signal based on the requested set points, the output signal comprising one or more changes for the current set points for the plurality of dimensions in the operating space. Moreover, the method includes controlling the wind turbine based on the output signal so as to provide a modified multi-dimensional operating space.