Charging station – a utility attached to real estate in the US

For office buildings and apartment buildings in the US, electric vehicle charging stations can be an important factor determining the occupancy rate of projects.

Apartments lack appeal without charging stations

In its analysis of the “race” for charging stations in apartment and office projects, the Los Angeles Times cited a story about a $350 million apartment building in downtown Los Angeles.

Before official construction, project director Hamid Behdad said he had to “give in” to a last-minute request from the planning board members – quadrupling the number of electric vehicle charging stations at the tower. apartment. Although he agreed with the above plan, at that time, Hamid Behdad believed that it was “an excessive request”.

But now that the tower on Broadway is complete and attractive to buyers, Hamid Behdad admitted he is glad that planning board members forced the project to install charging stations at more than 20% of parking locations. building car. “Without these 90 chargers, we would have real difficulty selling apartments here,” Hamid Behdad said.
In many US cities, owners of apartment projects are racing to install charging stations to avoid business troubles. With growing demand from home buyers and renters, projects with full charging stations are being prioritized. On the contrary, buildings without these amenities are at risk of falling into disrepair.

Ms. Jackie Impellitier, Executive Vice President of ZRS Management, revealed that a company that manages 76,000 apartments is urgently equipping level 2 electric chargers in the garage area. These are charging stations that charge money, with the ability to fully charge an electric vehicle in about 3-8 hours. Charging costs will be added to the tenant’s electricity bill.

“No longer a convenience, charging stations are a “necessity” to attract and retain tenants. We will gradually lose tenants if we do not provide convenient charging services,” said Ms. Jackie Impellitier.

According to her, 5 years ago, most developers, apartment and project owners did not consider electric vehicle users as a potential customer group. At that time, the market had only a few electric car models. However, the current situation has changed dramatically as almost all automobile companies in the world have produced this type of vehicle.

The same thing happens in many cities around the world. According to statistics in Toronto and Vancouver (Canada), more and more users are looking to buy real estate with available locations to charge electric vehicles. Sales of the apartment segment equipped with electric vehicle charging reached an annual growth rate of up to 16%, as recorded in 2020 and 2021.

Projects focus on installing charging stations

In addition to housing, in other real estate projects such as offices and commercial buildings around the world, electric charging stations are also one of the decisive factors for development.

According to a survey by ChargePoint, 90% of managers believe that accessibility to charging infrastructure is an important criterion when evaluating potential points for business operations. In fact, brands are also interested in charging stations to attract customers.

Los Angeles Times reported that the 7-Eleven retail chain revealed plans to build the largest fast charging network in the market. A series of retail businesses in the US also joined the race, such as Walgreens drug store chain with 430 charging system locations, Ikea, Kohl’s, Walmart, Starbucks, Whole Foods, Taco Bell, Cinemark movie theater chain…

“Sandwich empire” Subway is even planning to build a “charging park”. This is a system including restaurants combined with charging stations, playgrounds, green spaces… Subway plans to build these parks at new business locations across the United States.

The inevitable development trend of electric vehicles is causing many fields, from real estate to retail, to change to adapt. To encourage and avoid falling behind, electric vehicle charging stations at apartment and commercial projects have even become mandatory regulations in many countries. This is a direction that not only fits the actual needs of users but is also expected to be a solution to help strongly promote green transportation globally.