I am working on a dissertation which is examining the effects that the Congestion Zone has had on businesses and commercial property in the London area. I would love to gather some opinions from people out there who may have some experience or opinions on this matter.
From my initial research, it appears the worst affected businesses are those lying just inside the border of the congestion zone. People, it appears, are more inclined to travel to large IKEA stores on the outskirts of the City rather than travel in and pay the charge. Would you agree with this?
I appreciate any comments....
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- Joined: Tue Oct 03, 2006 10:39 am
Offices have had little effect as planning authorities have granted very small parking allocations for at least the past 20 years. I know of one 19 storey building with 4 spaces in total.
Retail High Street retail in W1/WC1/EC1/EC2 generally tends to fall into two main categories firstly volume retailers like Selfridges, John Lewis, Benneton etc who rely on massive footfall nost of which emerges from the underground and to a lessor extent buses and national rail. Secondly high end such as Bond Street and the smaller streets off Picadilly such as Saville Row, Jermyn St, Cork St etc most of this trade is to the locals who don't leave the area or to wealthy tourists who are staying at local hotels. I'd try to talk to the Dublin guys who own Thomas Pink for a fuller flavour if this is a serious thesis.
Industrial; there is a little industrial around Hammersmith but very little else; an interesting case study could be the DHL depot at Waterloo.
As it stands it appears to this observer that the charge has just become part of the furniture and that in the main City traffic is moving better than at any point in living memory. There are ways around commuting to work by car and by making it difficult you restrict all but the most senior employees
- PVC King