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Are EV Chargers Really Worth It for Shopping Centers? | Episode 53: I Own a Shopping Center, Now What?

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Manage episode 496057410 series 1746302
Content provided by Beth Azor. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Beth Azor or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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

  continue reading

264 episodes

Artwork
iconShare
 
Manage episode 496057410 series 1746302
Content provided by Beth Azor. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Beth Azor or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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

  continue reading

264 episodes

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