In our report Cycling & the City, we examine the use of cycle parking standards in the City of London in new and recently occupied office developments.
The research investigates current and future cycle use by workers within the City of London compared to other forms of transport (mode share) and has been underpinned by findings measuring occupancy and cycle storage demand at peak times from a survey of eight major office buildings comprising over 600,000 sq m of recent prime City office space, including: 70 St Mary Axe, 60 London Wall, 100 Liverpool Street, 22 Bishopsgate, Citypoint, 100 Bishopsgate, 80 Fenchurch Street and 1 Finsbury Avenue.
Some of the key findings include:
- On average, only around 14% of cycle storage is being used.
- The current average cycle mode share in the City of London is just 6% compared to the predicted mode share in the London Plan of 19%.
- The delivery of cycle parking to London Plan standards is leading to extensive areas of unused, carbon intensive basement space, making it more challenging for buildings to achieve net zero.
The analysis of the data in this report coupled with a detailed assessment of the carbon impact of overprovision, shows that the current London Plan cycle parking requirements are too high for the City of London.
This research paper has been published in tandem with our Supporting the City’s economic growth and development pipeline white paper, which looks at four areas where increased flexibility and new ideas can help developers ensure schemes are viable and secure financing.
We would like to thank the following for their contributions to the development of this paper:
AXA IM Alts, British Land, Brookfield Properties, Nuveen Real Estate UK, YardNine, Velocity Transport, Momentum Transport Consultancy, ARUP, Ramboll and Gerald Eve.
Read the full report
