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Virtual tours of real estate assets have come on leaps and bounds in recent years, and the limits to mobility imposed by lockdowns in the U.S. and UK have increased their adoption dramatically.
But there are some things a virtual tour can never re-create: Commercial property is a uniquely diverse sector where no two assets are the same. There are some things that are inevitably missed if a buyer or potential tenant cannot physically walk the asset. Some are serious, some funny, but all play a part in holding back investment and leasing decisions while assets have to primarily be viewed on a screen.
UK investor Brockton bought 10 Hammersmith Grove, an office building in west London, in 2016, completing the transaction in just 66 hours because the seller needed a quick deal in the days after the UK’s
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