The New Economy, founded on Information and Communications Technology (ICT), is a cornerstone of technology-driven frameworks for economic growth, and can not only potentially recombine existing physical spaces to produce new urban forms, but also impact on real estate, in terms of space requirements and speed of turnover. The paper examines some key conceptual frameworks and argues for a 'socio-technical' conceptual framework to aid understanding of ICT in the commercial property sector. It deconstructs the myths of the 'death of real estate' and 'productivity increase means jobs loss', in relation to commercial property. Finally, it examines some of the ways in which ICT is impacting on commercial property through empirical research, with examples from the new PIREC (Partners in Real Estate Connectivity) research consortium. The paper concludes by highlighting the most important components for a future research agenda in the field of real estate connectivity.