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Cap Bikeshare Promoting Growth in the District

June 10, 2013

Capital Bikeshare is doing more than moving people around on red bikes. It’s also helping sell houses and apartments and draw people to businesses. The bike-sharing system, which has more than 175 docking stations across the District, Arlington and Alexandria, has become the latest tool to spur development and attract young people. Soon it will be coming to Montgomery County, and other communities are trying to bring it to their neighborhoods. Craigslist showed 72 active housing listings touting proximity to bikeshare on Friday. It is featured on Airbnb as a perk for visiting tourists seeking to rent out locals’ homes. Wal-Mart is planning to add the docking stations to its stores coming to the District, according to bikeshare officials. About eight in 10 bikeshare members who responded to an annual survey said they are more likely to patronize a business if it is accessible by bikeshare. Those riders are a coveted demographic. They tend to be higher educated, wealthier and younger — plus more likely to be male and white — than the general population. (dcist)

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