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Extended reality (XR) is an umbrella term for immersive technologies that blend the digital and physical worlds. It includes virtual reality (VR), where users enter a fully digital environment; augmented reality (AR), which overlays digital elements onto the real world; and mixed reality (MR), which allows digital and physical objects to interact in real time.
A 2025 report by MoldStud revealed that using AR/VR in real estate can lead to 20% faster sales cycles, 35% more qualified leads in six months, and a 15% increase in sales post-implementation.
Why does this matter for CRE owners, developers and operators? Closing deals more quickly improves occupancy rates and cash flow, higher-quality inquiries reduce marketing spend and lower the cost per lease or sale, and a 15% sales boost directly increases your bottom line.
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