How Charging Stations Enhance Your Property

1. How Charging Stations Enhance Your Property The COVID pandemic has shaken up property markets across the globe across various assets classes. The residential market in the US and other established market has seen wild upswings. Whereas the commercial market has witnessed a crisis with heavy lease cancellations. Even as we emerge from the uncertainty about the global pandemic, the future of the property market is still cautiously optimistic. In such a scenario it becomes important to leave no stone unturned to evaluate every means to gain the best value from your property.

2. Attract the Right Profile of Clients The COVID pandemic has brought the global tech giants to the forefront of real estate acquisitions in every destination across the globe. In the face of closure of leases and office premises during the pandemic, tech companies have been aggressively acquiring and leasing office spaces. With most other sectors still emerging from the setback of the COVID pandemic and grappling to return to normalcy, tech companies provide the most lucrative clients for real estate players. With office vacancies at an all time high, tech companies have the option to cherry pick premises from an excess supply from vacancies in the market. In such a scenario, providing amenities that resonate with the needs of the tech industry and its employees often becomes a mandatory requirement. What may have been considered as an option before can today become a bare minimum requirement in the current scenario. There is also a considerable overlap between tech employees and the early adopter of new technologies like electric vehicles. The extremely low cost of running and maintaining electric cars also provides an impetus for more rapid adoption among consumers than was previously predicted. This allows developers and owners of commercial, retail and residential properties to attract the right profile of clients. Meet your Net zero targets With a growing focus on climate change and sustainability, governments and corporations across the world have begun to encourage the management of carbon footprints and sustainability practices. Climate change has become a non- negotiable issue for both government policy and market regulations. Leading corporations have already taken voluntary initiatives to drive the reduction of their carbon footprint under the EV100 initiative. ESG has also become a critical decision point in the investment process at any major financial institution. Increasingly, the compliance to Environmental, Social, and (Corporate) Governance regulations has grown to become an eliminating factor for transactions and selection of partners. Employee commuting is an integral element of the carbon footprint calculations for any major organization. Providing charging infrastructure and additional support for employees to use Electric Vehicles can be one of the easiest and cheapest methods for organizations to reduce their carbon footprint. Read more: https://semaconnect.in/2021/07/how-charging-stations-enhance-your- property/