Matterport Blog (23 August 2023) Reinvigorating Commercial Estate: How Reality Capture Technology is Improving Outcomes for Developers and Property Owners and Facility Managers | Maximize Efficiency and ROI Through the Power of Reality Capture with Pro3

10 Takeaways (as summarized by ChatGPT-4)

Here are 10 key takeaways that could be particularly valuable for Matterport Service Providers working within the commercial real estate sector:

1. Greater Accuracy in Development Planning: Reality capture technology offers accurate and detailed depictions of properties. This enables developers to assess potential renovations or redevelopments with greater precision, identifying constraints and limitations early on.

2. Enhanced Visualization through Virtual Walkthroughs: Virtual reality walkthroughs created from reality capture scans allow developers to showcase the potential of an undeveloped property. These immersive visuals can generate interest and secure funding more effectively.

3. Time and Cost Savings in Construction: Reality capture streamlines the development process by identifying issues early on, reducing the likelihood of costly errors or rework. This can lead to faster project completion and substantial savings in both time and money.

4. Improved Safety and Risk Management: By identifying potential safety hazards, reality capture enhances safety and risk management, allowing developers to address these issues before accidents occur.

5. Marketing and Decision-Making Benefits: Reality capture contributes to more engaging marketing materials and helps in streamlining decision-making processes. This can result in faster time to market and overall efficiency in the developmental projects.

6. Travel Reduction and Remote Access Benefits: Firms like Swinerton have leveraged Matterport to reduce travel time and offer remote views of work sites, significantly cutting down travel costs and improving efficiency.

7. Global Expansion and Scalability: Companies like Cushman & Wakefield have been able to expand their footprint across multiple countries and digitize numerous properties rapidly, leveraging Matterport's global network.

8. Substantial Cost Savings with Matterport Capture Technicians: Utilizing Matterport Capture Technicians' global network has led to a 53% cost savings, showing the financial efficiency of the platform.

9. Pandemic Resilience and Adaptation: Matterport technology has enabled businesses to adapt and remain effective during the COVID-19 pandemic, offering a more convenient and improved method of viewing spaces without physically visiting them.

10. Availability and Speed of Capture Services: Matterport offers capture services across 700 cities worldwide, with turnaround times as fast as 24-48 hours. This wide accessibility and quick service availability underscore the practical benefits for commercial real estate developers globally.

In conclusion, the text highlights a multitude of advantages and practical applications of Matterport's reality capture technology, emphasizing accuracy, efficiency, safety, cost savings, and adaptability across various facets of commercial real estate development and management.