CBRE partnered with Inspace to provide an engaging tool for buyers and tenants to virtually inspect property.
50+
digital twins developed in just over a year
$1.7 billion
of sales across 4 assets utilising Stack software
Seamless experience for CBRE's clients and brokers
Forbes '100 to Watch' company
“By engaging with Inspace, we have had many commercial outcomes and we’ve used their platform successfully for several campaigns both in office and industrial. Not only that, Inspace has really driven our leasing team to think about technology as an enabler and not just an after-thought.”
Sue-Lin Tin,
Head of Technology, Pacific & Singapore, CBRE
Inspace digital twins for CBRE
Background
The property industry has been evolving for some time, but the evolution has been largely accelerated by COVID. During lockdowns, developers, landlords, and leasing agents sought solutions that would allow them to continue to sell and lease property. Virtual tours have largely been the only way to continue operations as office rents fell and vacancy increased. CBRE first engaged Inspace to provide an engaging tool for buyers and tenants to virtually inspect property.
Solution implemented
CBRE has utilised Inspace to build over 50 digital twins of their client’s assets to lease and sell, in addition to other visualisation services such as CGI virtual tours, fly-throughs and 360-degree photography. This has spanned across office, retail and industrial assets in Australia, New Zealand, Singapore and Japan. Inspace has also integrated with CBRE’s own internal platforms to enable a connected, seamless experience for CBRE’s clients and brokers.
Outcome delivered
CBRE recognised the value in utilising the Inspace Stack software throughout the commercial sales and leasing process. Since developing their first stack with Inspace in January 2021, they have developed approximately 50 further stacks and transacted $1.7bn of sales across 4 transactions. Most recently, CBRE utilised Inspace’s Stack software to engage international buyers, providing them with precinct information, detailed building statistics and a virtual tour of one of Sydney’s most iconic buildings. In 2022, QVB was sold to an international buyer for $500 million.
About Inspace
Inspace provides a digital twin visualisation platform enabling the commercial real estate industry to sell and lease their spaces more quickly and powerfully. On a monthly basis, Inspace enables over $1 billion in transactions for the world’s leading landlords and developers. With offices across Asia-Pacific and the US, Inspace is regularly featured in the press and was listed as a Forbes ‘100 to watch’ company in 2021. For more information, visit https://www.inspacestack.com/.
Source: Inspace 2023
