Office-to-Residential Conversion Feasibility
Conversion feasibility compares acquisition and adaptation cost with deliverable residential area, income or sales value and programme risk.
What the analysis measures
Verify planning, structure, floor depth, daylight, cores, fire strategy, servicing and façade requirements before assuming the full office area converts.
Calculation framework
Separate acquisition, strip-out, enabling, structural, façade, MEP and residential fit-out costs. Conversions often carry abnormal and discovery risk.
Underwriting review
Model lost area, unit mix, construction duration, lease-up or sales, financing and contingency explicitly. Existing-building surprises can affect both cost and time.
How to use the result
Compare conversion value with continued office use and demolition/new build. Review peak equity, residual value and downside programme headroom.