EV Stations Spark Broad-Based Change

Published by Commercial Property Executive: As EVs continue to grow in popularity, the need for electric charging stations is also growing and commercial real estate owners and managers are helping lead the charge to make them available. While some states like California and municipalities like San Francisco are addressing EVs and the need for charging stations in commercial properties, the market is the key driver, said Sean Dennison, senior project manager at the New Buildings Institute in Portland, Ore. “If you don’t have EV charging, some won’t rent,” Dennison said. “As that becomes a larger and larger portion of the rental market, it isn’t just about Teslas anymore. These are mass market cars now,” “You could be really limiting your tenant pool, your ability to be considered Class A and getting the top tier of tenants look at your property.”

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