Internet versus traditional office sales

This paper focuses on a comparison between Internet and traditionally presented and transacted office properties for sale in Boston/US and London/UK. This comparison provides a better understanding of the effect of the Internet on the real estate office market based on a data‐driven, rather than an opinion‐based, study. The study of both cities for a 6 month period, from September 2000 to February 2001, indicated that small properties are more likely to be sold through the Internet than in the traditional office market. Moreover, in both cities, there are differences in the distributions of price per square foot and area in square feet between Internet and traditionally transacted office properties.