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From a real estate business perspective, it's a drop in the bucket so we don't really care about the revenue. It's real value is providing an amenity to our ten
by ethagknight 9y ago
From a real estate business perspective, it's a drop in the bucket so we don't really care about the revenue. It's real value is providing an amenity to our tenants, which has real traction with certain tenants.. again, the tesla driving execs.
But to answer your specific question, I do not know, probably. I think we (300,00sf office tower) buy electricty at a cheaper rate than residential rates, so we have a small potential arbitrage without the customer caring.
HOWEVER, fast forward to a not-so-distant future where majority of tenants demand/request a charge, now we are talking real money.