VR googles

Virtual Reality for Business

Back in 2019 we took a look at how Virtual Reality (VR) could be used in commercial property sales. Since then, as if we could forget, we’ve been through a pandemic and seen rapid changes in the use of technology in the workplace. So we thought it was worth a revisit to see just how the take up of VR for business in general and the commercial property sector has been.

It is expected that personal use of VR will see the biggest growth in 2023. But in the business world growth will be led by the retail, healthcare and discrete manufacturing sectors (that is the manufacturing of “finished products that are distinct items capable of being easily counted, touched or seen”).

The most popular use of VR for companies is for training simulations, remote collaboration, 3D modeling and for testing and prototyping. 

The launch of an affordable standalone VR headset, the Oculus, back in 2019 (although a price rise has just been announced for the latest headset) has seen the growing use of apps that allow virtual meetings to take place, such as Horizon Workrooms where you can write ideas on a whiteboard, place your actual desk into the virtual world and pair your computer. Even those who don’t have a VR headset can join in via a video call.  

In the commercial property sector the use of virtual video tours has indeed been on the rise with Cushman & Wakefield and Shepherds Commercial being just two of NovaLoca’s subscribers continuing to roll out their use of these. One very useful feature that can be used in immersive video tours is the ability to have detailed information about such things as energy management systems displayed.

Also being put to use are VR drones, which are drones that can use a pair of Virtual Reality goggles to allow a live feed from the camera while performing fly-throughs of warehouse space etc. 

It’s going to be an interesting couple of years watching this technology become more and more integrated into the business world. 

Take a look and follow NovaLoca’s Digital Technologies Pinterest Board for VR posts and much more. 


  1. Virtual Reality is a great way to experience things that you would never be able to experience in person. For example, you can visit different parts of the world without ever having to leave your home. You can also attend meetings and conferences without ever having to leave your office. This technology has the potential to change the way that we do business. I can’t wait to see what else Virtual Reality has in store for us!

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