As adaptive reuse is widely positioned as a sustainable and less-costly way forward than a new build, we have almost no empirical analysis that encompasses its economic feasibility across a building life cycle. Most examination of adaptive reuse projects exist primarily in architectural or heritage context and make evident their general avoidance of analysis that balances costs and benefits over a longer term. The lack of standardized methods of estimating lifecycle costs and reuse opportunity costs, and value after occupancy contributes to the uncertainty developers, policy makers and investors face deciding whether to pursue reuse investments.