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How is COVID-19 Impacting the Future of Office Parking?

How is COVID-19 Impacting the Future of Office Parking?
24 May 2021
 

A new report highlights the impact of COVID on the future of office parking, with 26.8 per cent of employers looking to reduce employee car parks.

As companies grapple with how to manage their office space post-COVID, over a quarter of businesses are active in the process of reducing their employee car parks according to a new survey.

The State of Employee Parking 2021 includes data from 105 corporate leaders who manage employee parking and fleets across 15 countries.

Of businesses surveyed, 7.3 per cent are aiming for a large reduction in employee parking. While 19.5 per cent of employers are looking to implement small reductions.

However, many companies are expecting parking demand to spike when employees return to the office with 15.9 per cent of companies looking to increase their parking allocation. 

 

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47 Per Cent of Employers Identify Parking as a Problematic Issue for Their Business

 

Other interesting takeaways from the research include:

 

  • 30 per cent of companies believe that employee parking will be considerably harder to manage when employees return to the office due to increased flexibility.
  • 47 per cent of employers identify employee parking as a problematic issue for their business. It is particularly challenging for companies with over 1,000 employees.
  • 57.5 per cent of businesses are more conscious of the negative impact of employee parking on the environment than they were five years ago

 

The full report is available here.

Speaking about the research, ParkOffice.io’s Daithí de Buitléir, who commissioned the survey, commented: “COVID has been a real watershed moment for employee parking. Employees don’t want to return to the commuter chaos which used to dominate their lives. For lifestyle, cost and environmental reasons, we are going to see companies aggressively downsize their parking lots over the next few years” 

Picture: a photograph of a car park, from above

Article written by Ella Tansley | Published 24 May 2021

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