However, for traditional space occupiers, the office condo is much more than just another occupancy alternative—it's a strategic, long-term business opportunity. A well-located, well-timed condo play remains a solid investment for an entrepreneur, even in overbuilt markets.For a select group of businesses, ownership of office space delivers the optimum facilities solution and yields financial benefits not achieved through leasing.

The following key considerations should be reviewed by anyone wanting a better understanding of this alternative to the traditional office lease:

The Converter: The converter is the ownership group that either converts a traditional leased building or develops a new project as an office condo. It is abundantly clear that the success of a project from a buyer's perspective is firmly grounded on who the converter is and the experience that they posses in all facets of the office condo continuum. If the converter does not buy the building correctly and apply the appropriate pricing fundamentals, the project will be challenged.