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Billion Dollar Real Estate Company Ditches Physical Offices for Virtual Reality Campus

eXp Realty, one of the world’s fastest growing and most successful real estate companies, has become famous for not investing in any actual real-estate, opting instead for virtual reality offices that allow its agents and brokers to interact and socialize from anywhere around the globe.

Glenn Sanford, eXp Realty‚Äôs founder and CEO, founded the company a decade ago, soon after the real estate market collapse of 2007. He couldn’t afford to buy or rent office space, and figured that focusing on a system that allowed his team to work remotely would help the company avert disaster, should another real-estate crisis occur in the future. So eXp Realty relied on services like Google Docs and spreadsheets, project management solutions like Trello, and communications app Slack to help its workforce work together without actually sharing the same space. But three years ago, the company took this remote collaboration system to a whole new level, by building a campus complete with offices, meeting rooms, auditoriums, lounges and more, in virtual reality.

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