Difficult Office Conversions

<p>On today&#39;s show we are analyzing an office to residential conversion project in Washington DC that was reported in the Wall Street Journal. The developer bought it at a great price of $25.53 per square foot, far below replacement cost. But the geometry of the building is not ideal. The usable area is far below the total unless major modifications are made to the building&#39;s interior. The biggest question is whether the market will realistically absorb a large number of …