Internet reduces the time before lease-up or sale of office properties
Series: Real Estate Review ; 33(1) Spring 2004, 22-28(7)Publication details: 2004Subject(s): Summary: The study aims to measure the time an office property remains available on the Internet before lease-up or sale, in comparison to the corresponding time of the traditional market. The study area covers states and cities across the United States. The results of the study show the average time reduction on the Internet was approximately estimated as 50% for leases and 6-14% for sales compared to the time on the traditional market. Therefore it concluded that it is in the brokers' interest to list office properties online, especially those for lease, because of the reduced time on the Internet market compared to the traditional market. Tables.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | X127164 (Browse shelf(Opens below)) | 1 | Available | 127164-1001 |
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The study aims to measure the time an office property remains available on the Internet before lease-up or sale, in comparison to the corresponding time of the traditional market. The study area covers states and cities across the United States. The results of the study show the average time reduction on the Internet was approximately estimated as 50% for leases and 6-14% for sales compared to the time on the traditional market. Therefore it concluded that it is in the brokers' interest to list office properties online, especially those for lease, because of the reduced time on the Internet market compared to the traditional market. Tables.