The VR Revolution in the Commercial Real Estate Industry

DBRS published the commentary “The VR Revolution in the Commercial Real Estate Industry.”

Virtual reality (VR) is an exciting technology gaining ground in commercial real estate. Property buyers and sellers alike are finding benefits from VR by previewing properties before committing to transactions. Analysts at DBRS examined how the use of 360-degree tours of far-away commercial spaces is becoming a reality, citing advantages such as:

-- Property buyers saving travel costs and time as they browse their properties before committing to a visit or purchase.
-- Sellers using this technology as a dynamic form to advertise their spaces – particularly with hotel and travel rental destinations.
-- Augmented reality virtually changing spaces to help people preview properties or plan renovations.