The influence of the developments in information and communication technologies ( ICT ) on real property market is becoming an important issue for academic discussion. This paper therefore, examine d the effects of teleworking on the demand for office space in Lagos Island , Nigeria. With a random sample of 216 office users , the study showed that the long commuting time and cost coupled with the benefits of Information and Communication Technology ( ICT ) , would result into Tele working , reduction in the number of staff employed by their organisations and consequently a reduction in per square meter of office space required. In addition ,the study showed that the rent being paid is not a significant factor influencing the propensity to telework, but the traditional ‘8-to-5’ office commuting time would however, become flexible .