How EV Charging Boosts Property Value and Attracts Tenants

The electric vehicle (EV) market is snowballing, and commercial real estate owners are taking notice. As more and more people switch to EVs, the demand for charging stations is increasing. The fast-paced adoption of EVs presents a tremendous opportunity for commercial real estate owners to boost property value and attract tenants by installing EV charging stations.

Attracting Customers, Clients, and Employees: With an estimated 48 million EVs projected to be on US roads by 2030, businesses offering EV charging options can attract customers looking for convenient places to charge their vehicles. Commercial properties, especially those where customers spend extended periods, such as retail stores, malls, hotels, and spas, can capitalize on this opportunity. Moreover, job candidates who own EVs are likelier to choose a company that provides workplace charging options, making EV charging infrastructure a valuable amenity for attracting and retaining top talent.

Here are five ways that EV charging can benefit commercial real estate.

1.  Increase your Properties Value.  

Studies have shown that properties with EV charging stations command a higher price than properties without charging stations. This is because EV charging is seen as a desirable amenity by both customers and tenants. Property improvements such as EV charging infrastructure contribute to modernizing commercial properties and increasing their overall value. Businesses looking for a modern workplace are more likely to choose properties with EV charging capabilities. 

2.  Attract customers and tenants. 

EV drivers are a growing market segment and are more likely to choose businesses that offer EV charging. By installing EV charging stations, you can attract new customers and tenants and differentiate your property from the competition.

3.  Generate revenue. 

In addition to attracting customers and tenants, EV charging stations can generate revenue. You can charge a fee for using your charging stations or partner with an EnergyOne network to manage and operate the stations for you.

Bonus:  ROI with current incentives has never been higher.  Customers are installing huge numbers of charging stations at little to no cost.

4.  Future-proof your property. 

The demand for EVs will only increase in the years to come. By installing EV charging stations now, you can future-proof your property and make it more attractive to potential buyers and renters.

5.  Promote environmental leadership. 

Installing EV charging stations is a great way to show your commitment to environmental sustainability. This can be a valuable marketing tool, and it can also help you attract tenants and customers who are looking for environmentally friendly businesses to support.

Consider installing EV charging stations if you are a commercial real estate owner. It is a smart investment that can boost property value, attract tenants, and generate revenue.

Here are some additional tips for commercial real estate owners who want to install EV charging stations:

Choose the right location for your charging stations.  

• Install your chargers in high traffic areas so EV drivers can see them.
• Install a variety of charging speeds. This will appeal to a broader range of EV drivers.
• Partner with a company like EnergyOnes One Charging Network. This will make it easy for you to manage and operate your charging stations.
• Offer discounts and incentives to EV drivers. This will encourage them to use your charging stations.
• By following these tips, you can ensure that your EV charging stations succeed.

Contact EnergyOne for more information, and to get you charging. Let our team introduce class leading  charging technology for your property or properties. (480) 419-8210

EnergyOne’s experts will discuss the incentives, rebates, and other network opportunities.