In a nutshell: skyrocket your property's value, attract customers, tenants, and top talent, enhance your sustainable image, and unlock the full potential of your commercial real estate. This blog post delves into the lucrative benefits of incorporating EV charging solutions in European commercial real estate, providing insights into revenue streams, property value enhancement, and future-proof strategies. Property owners and savvy investors are constantly seeking innovative ways to boost their property values, and the answer lies in the seamless integration of EV charging infrastructure. Discover why electric vehicle (EV) charging infrastructure is the key to taking commercial real estate to new heights.
Who Reaps the Benefits of Commercial EV Charging Infrastructure?
Imagine a world where the value of nearly every commercial property is soaring. From bustling shopping centers and boutique retailers to impressive office buildings and busy healthcare facilities – the possibilities for EV charging points are limitless. Whether it's residential complexes, warehouse facilities, parking lots, or garages, every property hosting tenants or service providers can significantly increase in value through the strategic integration of EV charging points.
Optimise the potential of commercial real estate with advanced EV charging solutions. Increase the value of your property while meeting the growing demand for public services.
Five benefits of EV charging for commercial real estate
Discover the top five ways embracing EV charging can transform the landscape of commercial real estate in Europe.
Attracting customers, tenants and employees
Attract customers, visitors, tenants, and talent by offering EV charging solutions at your commercial property. These drivers actively seek locations with charging facilities, especially when vehicles are parked for extended periods. Your commercial property, equipped with charging options, lures EV drivers away from establishments lacking such amenities.
Moreover, job seekers with electric vehicles show greater interest in companies that facilitate vehicle charging during working hours. In the competitive job market, businesses need innovative perks to attract top talent. Installing EV chargers for commercial tenants can also contribute to attracting businesses seeking this valuable amenity.
Creating additional revenue streams
EV charging stations can not only incentivise the renewal of commercial lease agreements but also present additional revenue opportunities through public use. Especially retail and mixed-use commercial properties can benefit by attracting drivers and optimising their parking spaces. Given the current shortage of public charging points in a significant part of Europe, commercial property owners have the opportunity to fill this gap by integrating public charging points into their parking lots.
A notable advantage of commercial EV charging stations lies in their ability to generate revenue. EV drivers typically spend more time shopping in nearby stores while their vehicles are charging, providing real estate managers with the opportunity to make their parking facilities profitable.
Increasing the real estate value
Enhancements such as electric vehicle charging infrastructure or smart technology contribute to increasing property value (and commercial rental rates). Businesses seeking modern workplaces prioritise commercial properties with EV charging infrastructure. Similarly, potential buyers are attracted to properties with EV charging facilities.
There's no denying that real estate buyers place significant value on the presence of EV charging facilities and are willing to pay a premium for it. Boost the appeal and value of your commercial real estate by strategically tapping into this trend. Incorporate EV charging stations into your property, showcasing not just your innovation but also your commitment to modern amenities and sustainability. It's the perfect way to distinguish your property and meet the growing demand for EV charging capabilities.
Making buildings future-proof
With the global surge in electric vehicles, businesses risk falling behind if they overlook the opportunities of installing charging infrastructure. It is crucial for companies to take proactive steps now and integrate charging equipment, ensuring their properties are optimally positioned for the impending shift to electric vehicles. Furthermore, during lease renewals, commercial tenants increasingly demand property managers to invest in EV charging as part of their sustainability strategy.
By future-proofing properties with commercial EV charging stations and accompanying infrastructure, businesses can not only anticipate regulatory changes but also showcase their leadership in corporate sustainability. This strategic approach aligns not only with the evolution of transportation but positions companies as forward-thinking and environmentally conscious entities in the eyes of both tenants and regulators.
Being seen as an environmental leader
Implementing EV charging stations at commercial properties contributes to enhancing corporate image and marketing efforts. Consumers are increasingly seeking businesses that act responsibly towards the environment. Reports indicate a significant rise in online searches for sustainable products, signalling a growing trend among consumers towards eco-friendly practices.
Another study indicates that a significant percentage of global consumers consider sustainability a priority when choosing brands and are willing to adjust their purchasing behaviour to reduce environmental impact. Consumers actively seek companies with a sustainable focus, and the presence of EV charging equipment serves as a visible indicator of progressive environmental practices
How to select a charging station
Charging infrastructure for electric vehicles presents commercial properties with an excellent opportunity to add value, future-proof facilities, attract employees, tenants, and customers, and stimulate lease renewals. However, determining the most suitable EV chargers for commercial real estate requires careful consideration of various factors.
There are two primary options to choose from:
· AC chargers (regular EV chargers)
· DC Fast Chargers (DCFCs)
The choice between these options depends on factors such as technical and legal feasibility, budget, available power supply, and the nature of businesses occupying the property.
In Europe, property owners often opt for AC chargers such as the Blink EQ 200. Designed with flexibility in mind, it fits seamlessly into any location with its compact form and multiple installation options. This three-phase alternating current charging station delivers a robust 32-amp output, offering a streamlined management experience with networked remote support for configuration, maintenance, and seamless operation of the charging station. With an innovative modular design, this charging station can be tailored to the specific needs of the market segment.
On the other hand, fast chargers such as the Blink Hypercharger 50kW, Blink Hypercharger 150kW, and the Blink Hypercharger 400kW can recharge a vehicle in less than an hour. DCFCs provide rapid charging but require additional electrical infrastructure, which is typically not available at regular workplace settings. DCFCs are often installed at rest areas, highways, or locations targeting fleets where drivers do not stay for extended periods. To learn more about the difference between AC and DC charging, you can read our blog here.
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