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@Velocio
Bike Parka: Wiggle | BikeParka The Stash Bike Cover Rain Covers
Looks like a good way to keep bikes protected from the basic elements on a balcony. Not good for winter, and dew/humidity would still rust... but from heavy rain and the like it looks good.
Their site is here: http://www.bikeparka.com/ but it's cheaper on Wiggle.