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July 25, 2018

Real Estate Projects Plug Into Electric Car Trend

By Frank S. Romeo, Jr.


I recently spoke with a reporter at NJBiz about the commercial real estate impact of the proliferation of electric cars on the state of New Jersey, specifically the incorporation of electric charging stations in development projects as an enticing feature of retail, residential and mixed use commercial spaces.

“In general, there is a larger awareness of the use of electric vehicles and the need to accommodate tenants or patrons who utilize them. Currently, electric car charging stations are popping up at retail, restaurant and recreation sites so that your car can charge while you are shopping and eating. This also creates an opportunity for retailers and landlords in that the provision of a charging station, or multiple charging stations, will attract tenants or shoppers for a given period of time.”

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