Are EV Chargers Really Worth It for Shopping Centers? | Episode 53: I Own a Shopping Center, Now What?
Description
EV chargers are popping up in shopping centers everywhere, promising “free” money through ancillary income deals—but I say: not so fast. In this episode, I break down the hidden risks of adding EV charging stations, especially when it comes to parking ratios and long-term tenant satisfaction.
I explain why I haven’t jumped on the EV charger bandwagon just yet, including the potential loss of valuable parking spaces and the unintended consequences it could have on restaurant tenants and customer traffic. If you're considering installing EV chargers at your property, this episode might change your approach.
Key Insights:
✔️ EV charger companies often provide free equipment—but at the cost of parking spaces
✔️ Losing key parking can negatively affect restaurants and high-traffic tenants
✔️ Ancillary income is great, but not if it reduces your overall leasing potential
✔️ Every parking decision should factor into your site’s overall tenant mix and traffic flow
✔️ What looks like “free money” could cost you in NOI down the line
United States
