Not an expert but I've read it's not easy to add all the necessary plumbing to provide showers and toilets if you redistribute office space into apartments.
A lot of times office buildings will have one large bathroom per floor.
A lot of times office buildings will have one large bathroom per floor.
What they're saying is the buildout from commercial to apartments involves more work than the buildout from one commercial client to another.
Also if it is a tension slab you absolutely cannot cut into it.
Malls are also on the table for conversions these days. That is a much simpler transformation.
The right question is "Is it easier than tearing down the building and building a new one that's designed for residential use in the first place?".