How Charging Stations Amp Up Value in Commercial Real Estate

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Commercial real estate and electric vehicle (EV) charging are a natural duo. In the U.S., commercial real estate hit almost $21 trillion in value in Q2 2021, and Statista predicts EV charging revenue will reach $816.4 million by 2028. Property owners eyeing increased value have an ace up their sleeve: EV charging infrastructure. Here are five ways it benefits commercial real estate.

Who Wins with Commercial EV Charging?

Any commercial property can cash in on EV charging. Think shopping malls, retail shops, offices, medical centers, apartments, warehouses, garages, and public parking spots. If people rent, lease, or offer a service, adding EV chargers is a win.

Top 5 Perks of EV Charging for Commercial Real Estate

  1. Luring in Customers and Talent

By 2030, there’ll be 48 million EVs on U.S. roads. Businesses with charging options will attract these drivers who want a power pit stop during extended parking. Job seekers with EVs will also favor companies offering workplace charging, with PwC estimating 17% of all charging points will be at workplaces by 2030. In the competitive job market, EV chargers can be the game-changer to draw in top talent.

  1. Bonus Revenue Streams

EV charging stations not only boost commercial lease renewals but also rake in extra cash from public users. Retail properties can capitalize on this by attracting drivers and monetizing parking spaces. Some offer free charging, but others, like the Blink Network, let property managers charge drivers for energy usage or hourly fees, turning EV charging into a money-maker.

  1. Upgrading Property Value

Enhancements like EV charging boost property value and rents. Modern businesses prefer properties with charging infrastructure, and potential buyers are willing to pay more for it. Just look at residential properties: homes with EV chargers saw selling prices increase by over 19% and 4.5% in Toronto and Vancouver, respectively. Clearly, EV charging is a selling point.

  1. Future-Proofing Your Property

With the shift to EVs, businesses risk falling behind without charging infrastructure. Installing charging equipment now ensures your properties are ready for the EV surge. Commercial tenants may even demand EV charging as part of their sustainability strategy for lease renewals. Although not in the 2021 International Building Code, future mandates and codes might require EV charging infrastructure, making it a smart move to stay ahead and show corporate sustainability leadership.

  1. Environmental Leader Vibes

Having EV charging stations isn’t just practical; it’s also a PR boost. Customers are actively seeking eco-friendly businesses, with online searches for sustainable goods rising by 71% from 2016 to 2021. EV chargers visually signal your commitment to sustainability. Furthermore, it might earn you recognition from sustainable accreditation organizations like LEED, leading to tax breaks and other incentives. Investing in EV charging isn’t just good for the environment; it’s a smart business move.

Fueling Your EV Infrastructure

Getting those EV chargers at your commercial property doesn’t have to break the bank. Governments are dishing out incentives like candy for property owners, and we’ve got the lowdown on how to cash in.

First off, check out Blink’s nifty tool – just pop in your zip code, and voila! Discover the government goodies available in your area. Uncle Sam even chips in with a 30% tax credit (up to 100 grand) through the Alternative Fuel Refueling Infrastructure Tax Credit for businesses keen on installing EV charging setups.

And if your property is cozying up within a mile of the highway, the National Electric Vehicle Infrastructure (NEVI) Formula Programs might just be your fairy godmother. Blink can guide you through snagging Level 2 and DC fast chargers using NEVI and CFI grants.

Choosing the Right Charger

Now that you’re swimming in incentives, it’s time to pick the right charger for your commercial crib. We’re looking at two main contenders:

  1. Level 2 Chargers: These bad boys are the go-to for most commercial property bigwigs. Series 8 is the golden child, but Series 7 plays nice with locations packed with fleets. They’re perfect for spots where folks hang around a bit – think movie theaters, malls, hotels, or spas. Charge users based on electricity consumed or time plugged in.
  2. DC Fast Chargers (DCFCs): Speed demons, these ones. Series 9 can juice up a vehicle in under an hour. Best suited for quick pit stops, highways, or fleets. But beware – they come with a hefty installation price tag and hunger for more power. Usually not your 9-to-5 workplace hero.

Why Anfu is the MVP

Now, let’s talk about saving that hard-earned cash. Anfu Network Solutions are here to make your life easier. Manage your chargers’ power supply like a boss with local load management. Anfu doesn’t just stop there – hop on the Anfu Network and get noticed. The Anfu App shouts out your chargers to drivers, and public charging maps like Anfu or Google Maps can reel in fresh customers.

Anfu’s central dashboard is your command center. Set prices, control access, and even roll out the red carpet (or discounted rates) for your star tenants. Future-proofing your commercial real estate? Anfu’s got your back.

As the world gears up for electric vehicles, your property could be the next pit stop. Don’t be left in the dust – hit up Anfu Charging today. An expert is standing by, ready to drop knowledge and a quote your way. Let’s power up together!

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