Warehouse conversion to flex space, has anyone done this?
Curious if anyone has any experience in re-positioning warehouse type building to more of a "flex" space, some office, some warehouse and/or light industrial. What I'm seeing is that the warehouse buildings in the area of Cincinnati I'm looking at rent for $3.50-$4.50/sqft. Flex space in the market is more like $6.50-$8/sqft. I think there is opportunity with the right set of renters and the right buildings to do smaller build outs and potential additional sub-divisions of the warehouse and significantly increase rent, thus increasing overall property value. I'm sure this has to have been done before - anyone want to share stories or links around the site, I couldn't seem to find anything.