The City of London Corporation recently published a report called “The City as a Place for People”, which talks primarily about itself and how great London is as a magnet for talent.
But as self-serving as it may be – the report is timed to be ahead of this year’s MIPIM – there appears to be some data and interviews backing up the claims.
58% of “institutional investors” said that London is the best European city for business. Dublin was next at 22%.
A separate survey of 2,568 “corporate decision makers” in Europe revealed that 21% of respondents felt that London was the best European city for business, followed by Paris (13%) and Frankfurt (7%). When asked which city had the best talent pool, the responses were fairly similar.
Also included in the report is a rendering of the City’s skyline by 2026. These are always fun to see. Here is a screen grab:
It is showing all towers under construction and all towers with their planning permissions in place. If you’d like to download the full report, you can do that here.
Back before the 2008 financial crisis, I did a short stint working for a real estate developer in Dublin, Ireland.
Most of our projects were in Ireland, but our consultant teams were sometimes from all over.
One day we were having a meeting with our architect from Germany and we started talking about a particular project’s green space.
But this wasn’t the sort of green space that was supposed to be actively used. It was a green space that, I guess, you were just supposed to look at and admire for its greenness.
So one of my Irish colleagues asked, while referencing the proposed design: “How are we going to keep people off the grass?”
Our German friends didn’t immediately appreciate the concern and responded with: “What do you mean?”
Irish: “How will we stop people from walking and hanging out on the grass?”
German with serious face: “Oh. We will put up a sign.”
At that point, every Irish person in the room just started laughing and more or less said: “Yeah, that’ll never work.”
Cultural differences can be subtle.
A few of us had a really great discussion on Twitter recently about pedestrian-only streets. It was kicked-off by a tweet about Spark Street Mall in Ottawa, which many argue needs a rethink.
One of the comments was that a lot of people tend to overvalue their worth. And I will admit that I am probably one of those people. If you’ve ever visited places like Grafton Street in Dublin, Lincoln Road in Miami Beach, or Kensington Market in Toronto on a pedestrian Sunday, you can’t help but think to yourself: why don’t we do more of this? They’re such great places to be.
But the research suggests that these success stories are few and far between.
Below are the key findings from a report that was shared on Twitter during our discussion. It’s by Cole E. Judge and it’s called, The Experiment of American Pedestrian Malls: Trends Analysis, Necessary Indicators for Success and Recommendations for Fresno’s Fulton Mall.
- Pedestrian malls in the United States have an 89% rate of failure. Most have been removed or repurposed. Only 11% have been successful.
- Of the 11% successful pedestrian malls, 80% are in areas with populations under 100,000.
- Certain indicators need to be present for a pedestrian mall to be successful in the United States: near or attached to a major anchor such as a university, situated in close proximity to a beach, designed to be a short length in terms of blocks, in a town/city with a population under 100,000, and/or located in a major tourist location such as Las Vegas or New Orleans.
- Cities that have embraced the Main Street and Complete Streets models have experienced turn-arounds in their downtowns with more investment, higher occupancy rates and more pedestrian traffic.
Though the report lists proximity to a beach as helping pedestrian malls, this is more about having a strong anchor than it is about climate – which is a commonly held excuse for why they don’t work. The report cites lots of failed pedestrian malls in California.
Furthermore, if you look at the list of successful pedestrian malls, about half of them are in colder climates. And if you search the report for the word “weather” it only comes up once. The word “climate” doesn’t come up at all.
So I don’t believe that they’re not possible in colder climates. Ski resorts, for example, usually have great pedestrian-only spaces because they have a strong anchor – the mountain.
But I do agree that pedestrian-only streets aren’t possible everywhere. And the more I think about this topic, the more I agree that we are overvaluing pedestrian-only. I guess that’s why our focus today is more on complete streets.
The City of London Corporation recently published a report called “The City as a Place for People”, which talks primarily about itself and how great London is as a magnet for talent.
But as self-serving as it may be – the report is timed to be ahead of this year’s MIPIM – there appears to be some data and interviews backing up the claims.
58% of “institutional investors” said that London is the best European city for business. Dublin was next at 22%.
A separate survey of 2,568 “corporate decision makers” in Europe revealed that 21% of respondents felt that London was the best European city for business, followed by Paris (13%) and Frankfurt (7%). When asked which city had the best talent pool, the responses were fairly similar.
Also included in the report is a rendering of the City’s skyline by 2026. These are always fun to see. Here is a screen grab:
It is showing all towers under construction and all towers with their planning permissions in place. If you’d like to download the full report, you can do that here.
Back before the 2008 financial crisis, I did a short stint working for a real estate developer in Dublin, Ireland.
Most of our projects were in Ireland, but our consultant teams were sometimes from all over.
One day we were having a meeting with our architect from Germany and we started talking about a particular project’s green space.
But this wasn’t the sort of green space that was supposed to be actively used. It was a green space that, I guess, you were just supposed to look at and admire for its greenness.
So one of my Irish colleagues asked, while referencing the proposed design: “How are we going to keep people off the grass?”
Our German friends didn’t immediately appreciate the concern and responded with: “What do you mean?”
Irish: “How will we stop people from walking and hanging out on the grass?”
German with serious face: “Oh. We will put up a sign.”
At that point, every Irish person in the room just started laughing and more or less said: “Yeah, that’ll never work.”
Cultural differences can be subtle.
A few of us had a really great discussion on Twitter recently about pedestrian-only streets. It was kicked-off by a tweet about Spark Street Mall in Ottawa, which many argue needs a rethink.
One of the comments was that a lot of people tend to overvalue their worth. And I will admit that I am probably one of those people. If you’ve ever visited places like Grafton Street in Dublin, Lincoln Road in Miami Beach, or Kensington Market in Toronto on a pedestrian Sunday, you can’t help but think to yourself: why don’t we do more of this? They’re such great places to be.
But the research suggests that these success stories are few and far between.
Below are the key findings from a report that was shared on Twitter during our discussion. It’s by Cole E. Judge and it’s called, The Experiment of American Pedestrian Malls: Trends Analysis, Necessary Indicators for Success and Recommendations for Fresno’s Fulton Mall.
- Pedestrian malls in the United States have an 89% rate of failure. Most have been removed or repurposed. Only 11% have been successful.
- Of the 11% successful pedestrian malls, 80% are in areas with populations under 100,000.
- Certain indicators need to be present for a pedestrian mall to be successful in the United States: near or attached to a major anchor such as a university, situated in close proximity to a beach, designed to be a short length in terms of blocks, in a town/city with a population under 100,000, and/or located in a major tourist location such as Las Vegas or New Orleans.
- Cities that have embraced the Main Street and Complete Streets models have experienced turn-arounds in their downtowns with more investment, higher occupancy rates and more pedestrian traffic.
Though the report lists proximity to a beach as helping pedestrian malls, this is more about having a strong anchor than it is about climate – which is a commonly held excuse for why they don’t work. The report cites lots of failed pedestrian malls in California.
Furthermore, if you look at the list of successful pedestrian malls, about half of them are in colder climates. And if you search the report for the word “weather” it only comes up once. The word “climate” doesn’t come up at all.
So I don’t believe that they’re not possible in colder climates. Ski resorts, for example, usually have great pedestrian-only spaces because they have a strong anchor – the mountain.
But I do agree that pedestrian-only streets aren’t possible everywhere. And the more I think about this topic, the more I agree that we are overvaluing pedestrian-only. I guess that’s why our focus today is more on complete streets.
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