Internet Reduces the Time Before Lease-Up or Sale of Office Properties
Real Estate Review, Vol. 33, No. 1, pp. 22-28, 2004
Posted: 5 Jan 2005
Abstract
The time an office property remains available on the Internet before lease-up or sale is a parameter that has not been documented to this point. This paper estimates and compares this time to the corresponding time on the traditional market. The study area comprises of states and cities across the United States with a dataset of thousands of Internet office properties. The average time reduction on the Internet was approximately estimated as 50% for leases and 10-15% for sales compared to the time on the traditional market.
JEL Classification: G1, H1, O1, R3
Suggested Citation: Suggested Citation
Dermisi, Sofia, Internet Reduces the Time Before Lease-Up or Sale of Office Properties. Real Estate Review, Vol. 33, No. 1, pp. 22-28, 2004, Available at SSRN: https://ssrn.com/abstract=642661
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