In this article, you'll learn:

• How rising gas prices are driving up commercial real estate costs.
• Ways to adapt your corporate spaces, like relocating or right-sizing.
• How inflation from gas prices affects operating expenses and rent.
• Key features, like EV charging stations, that are becoming essential.

Recently, skyrocketing gas prices have been the most expensive in US history. With the American average price per gallon reaching $4.16 (as of 4/6/22), your last trip to the pump likely costed you more than it ever has.
 

 
The surging gas prices are wreaking havoc on industry, driving up the nation’s inflation rate, worsening the supply chain crisis, thus increasing the cost of doing business.
 
 
How does this affect your CRE?  
 
Well, prices are going up across the board. If you are in business-unfriendly areas like California, the severity of this crisis is far worsened. There, gas prices reach almost $6.00- a figure that is proving catastrophic for individuals and businesses alike.