01473488

Component

It is commonly believed that minimum parking requirements create an over-supply of off-street parking, and that removing these requirements this over-supply. However, supportive evidences remain limited. This research examined residential parking supply in London before and after the minimum off-street parking standard was replaced by a maximum one in 2004. Based on 11,428 residential developments (247,984 units) after 2004 and 216 developments (2666 units) before 2000, we found that such a policy change reduced the parking supply by approximately 40 percent, most of which (98 percent) was caused by the removal of the minimum standard, and only 2 percent was by the imposition of the maximum standard. However, due to the concern of parking spillover to streets, the maximum standard is set up higher in the urban center than the adjacent areas. The parking market actually provided more parking in areas with the highest density and best transit service than in the areas immediately outside. The market-oriented approach to parking regulation can reduce excessive parking, but it depends on the particular submarkets. Complementary policies such as strict parking maximums, on-street parking controls, or parking taxes are often necessary in form an efficient parking market.

This paper was sponsored by TRB committee ABE50 Transportation Demand Management.

01470560

13-2904

English

23p

2013

Transportation Research Board 92nd Annual Meeting

Digital/other

Figures; Maps; References; Tables

Impacts; Off street parking; Parking demand; Parking regulations; Policy, legislation and regulation; Residential areas

London (England)

Highways; Law; Operations and Traffic Management; Policy; I73: Traffic Control

Transportation Research Board Annual Meeting 2013 Paper #13-2904

PRP, TRIS, TRB, ATRI

Feb 5 2013 12:36PM