“What the wise man does in the beginning, the fool does in the end” Warren Buffett I'm sure the first movers in many markets will have fantastic returns, but only a small proportion of existing office buildings can be economically converted into apartments. Estimates suggest that only about 11% of office buildings in major U.S. cities are suitable for such conversions. Factors influencing this include building design, floor plate size, structural considerations, and the financial viability of retrofitting. Not every vacant office is a golden opportunity—many are just expensive mistakes waiting to happen. https://lnkd.in/e3dwknXN