Final answer:
The conversion of an industrial building to a retail or factory outlet store can increase the value, demand, and income generation of the building, especially if it meets market needs and is at a convenient location for consumers as well as business operations.
Step-by-step explanation:
The conversion of an industrial building to a retail or factory outlet can potentially increase the value of the building, the demand for the building, and the income generated by the building. If the conversion aligns with market needs and the location becomes more convenient for consumers or advantageous for business operations, these factors can all see a significant rise. For example, a factory may not be suitable for expensive downtown real estate while a retail outlet could thrive in such a location. Conversely, when raw materials are easy and cheap to transport, factory owners may prefer locations on the city outskirts where land is more affordable. The repurposing of industrial buildings to appeal to consumers or bring operations closer to significant populations may enhance property value, stimulate demand, and improve revenue due to increased accessibility and utility.