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Impacts of parking and accessibility on retail-oriented city centres

Author

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  • Merten, Laura
  • Kuhnimhof, Tobias

Abstract

Growing e-commerce, the aftermath of the COVID-19 pandemic, the need for greater sustainability, and increasing competition between different uses for scarce space pose increasing challenges to city centres. Most city centres in high-income countries are strongly characterized by retail. To create space for other mobility modes, outdoor dining, or greening, reducing on-street parking is a controversially discussed measure that is feared especially by retailers. However, the impact of parking infrastructure and accessibility on the performance of retail in city centres is not yet clearly explored in the literature. This paper contributes to closing this research gap by analysing the impact of on- and off-street parking capacity and accessibility on the rents for retail properties in city centres. The applied database consists of nearly 400 retail rental offers in the city centre of Aachen, Germany, published between 2015 and 2022. As the data cover the period of the COVID-19 pandemic, we also consider the impact of the pandemic on retail rents.

Suggested Citation

  • Merten, Laura & Kuhnimhof, Tobias, 2023. "Impacts of parking and accessibility on retail-oriented city centres," Journal of Transport Geography, Elsevier, vol. 113(C).
    • Handle: RePEc:eee:jotrge:v:113:y:2023:i:c:s0966692323002053
    DOI: 10.1016/j.jtrangeo.2023.103733
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