I've seen many situations where: 1) Office building and space is in demand but the market rate is much lower than the residential rate. 2) The owner of the of

I've seen many situations where: 1) Office building and space is in demand but the market rate is much lower than the residential rate. 2) The owner of the office building will 'pretend' there is no interest in the property (sometimes for more than a year), so they can plead to the planners that they want to convert th building to residential. The planners authorise the conversion and the owners make a tonne of dough. There is no free market in real estate.