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

See all articles by Sofia Dermisi

Sofia Dermisi

Roosevelt University - Walter E. Heller College of Business Administration - Department of Finance & Real Estate

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

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

Sofia Dermisi (Contact Author)

Roosevelt University - Walter E. Heller College of Business Administration - Department of Finance & Real Estate ( email )

Chicago, IL 60605
United States
(312) 281-3355 (Phone)
(312) 281-3290 (Fax)

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