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As vehicle manufacturers continue to expand their product lines to electrically powered vehicles, the need for charging stations becomes a necessity for commercial real estate owners.

While new construction can easily add the necessary power, and switch gear capacity to accept multiple numbers of these stations, older existing buildings and parking structures are limited due to available electrical capacity. Why should property owners consider charging stations a necessity? As the demand for building occupants to be able charge their vehicles increases, building owners who cannot provide this amenity could be eliminated when companies look to relocate.

The cost to supply power to vehicles is an expense that can not be over looked by the property owner.  There are ways to recoup this, installing charging stations that monitor and charge the user a fee to hookup to the station. These systems can be a subscription service through third parties. Or they can self-contained on site and operated by the management of the property. There are companies that will supply the equipment and collect a fee from the end user of the charging station, which is shared with the property owner.

The ability to charge electrical vehicles is a growing demand. Deciding the best way to provide this service will depend on the capability of the property. Management of this will depend on the number of stations and the number of vehicles that require charging.

In certain instances, management will be required to limit the time that a vehicle is be charging at a station. In this scenario, the vehicle owners must be given enough time to charge their vehicles to return to their home base and not receive a full charge. With a third-party subscription service and the program where the equipment is being supplied for a percentage of the collected user fees, these stations are normally open to the public, allowing anyone to come on site and charge their vehicle.    

Because the demand for charging electrical vehicles is “here to stay,” some method of providing this service is a necessity for commercial property owners. If it isn’t solved one way or another, clients (and their business) will be lured away to other locations that have kept pace with change. 

About the Author

Fairman & Associates Property & Facility Management
Bill Fairman Sr.

Bill has over thirty years of experience in the property and asset management field with additional expertise in: Budget and cost controlling, long range planning, preventative maintenance scheduling, site selection, purchase and/or lease negotiations, court receivership, property appraisal, inspections and review coordination.