Boost Retail Foot Traffic 15%: Unleash EV Power in Your Retail Realm

Marc Perlof • November 16, 2023

Hey, Retail Real Estate Rockstars!


In today's electrifying world, Electric Vehicle (EV) charging stations are more than a trend – they're a necessity for forward-thinking retail real estate owners. Here are 5 key considerations to electrify your property with EV charging stations:


1. Location, Location, Location:

   - Place charging stations in visible, accessible areas.

   - Consider traffic flow and parking design for easy access.


2. Cost and Funding:

   - Research costs for installation and operation.

   - Explore government grants and incentives for installing EV charging stations. ¹


3. Technology and Compatibility:

   - Choose chargers compatible with a wide range of EV models.

   - Opt for smart charging solutions for efficient energy use. ²


4. Customer Experience:

   - Enhance the shopping experience with charging amenities.

   - Use this as a marketing tool to attract eco-conscious consumers.


5. Future-Proofing:

   - Ensure infrastructure supports future upgrades.

   - Stay ahead with the latest EV charging technology.


Properties with EV charging stations see a 15% increase in foot traffic. ³


60% of consumers prefer shopping at eco-friendly businesses[4].


Are you ready to supercharge your property's value and appeal? Adding EV charging stations is more than just a convenience; it's an investment in a sustainable future and a magnet for modern consumers. Don't miss out on this electrifying opportunity to boost your property’s appeal!


How will integrating EV charging stations into your property revolutionize your customer's shopping experience, your business model, and help drive net operating income?



#EVChargingRealEstate #SustainableRetail #MarcRetailGuy #FutureProofProperties  #RetailRealEstateTrends


Footnotes:

1. Department of Energy: Government Grants for EV Charging Stations.

2. CarMax: EV Charger Plug Types and Compatibility.

3. NREL: Impact of EV Charging Stations on Retail Traffic.

4. McKinsey: Consumer Preferences for Eco-Friendly Businesses.


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