The socio-economic impact of businesses in the railway arches
Figure 3.3 -- The portfolio has a far greater proportion of small properties than London, using industrial properties in London as the use type to compare
Percentage of industrial properties in London by floorspace (square feet)
Source: GLA, 2020. London Industrial Land Supply Study 2020. The Arch Company internal data, 2023.
Location
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The historical context of the portfolio gives it a number of unique qualities that differentiate it from other commercial spaces. The Arch Company spaces are predominantly small archways running along railway lines into economic centres. The location of properties in the portfolio therefore aligns closely with major railway hubs, and so a significant portion of them are based in densely populated and highly developed areas that are also well connected to the road network. Figure 3.4 quantifies this factor, measuring the accessibility of industrial properties in the portfolio against other industrial properties in their respective local areas. Each property is assigned to an ‘Accessibility Decile’ based on the quantity of employment accessible within a 60-minute commute from the property, 26 with a value of 10 indicating that the property is within the top 10% most accessible industrial properties in the area, and 1 indicating it is in the bottom 10%. The mean ‘Accessibility Decile’ is then calculated for properties in the portfolio and properties not in the portfolio. The Arch Company properties outperform other properties on this measure in four of the six case study areas.
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26 Data on the amount of employment accessible within 60 minutes is taken from Torres and Arther, 2024. Public transport accessibility indicators to urban and regional services in Great Britain.
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