| The quantity of available boat slips continues to plummet world wide while the number of new boaters continues to increase by an average of 6-10% annually. This problem is projected to continue and worsen in staggering proportions throughout the U.S.and the Caribbean. This is GOOD NEWS for investors, insightful boat owners and slip owners interested in selling their slips! Industry magazines place the current shortage of boat storage spaces in the United States at over 500,000..... Increasing at the rate of more than 100,000 a year. These same magazines estimate a near-term shortage of one million spaces and predict an average rental of $20,000.00 annually. Private marinas and what little waterfront property available for permits is being seized by large development corporations for condominium and hotel projects - eliminating or greatly reducing the dockage available for recreational boaters. Transient and Long Term Slip rates are skyrocketing, marinas are disappearing. Dockage along the south eastern states are becoming so difficult to acquire that one may even have trouble selling a boat unless a wet slip is part of the deal. Wet Slip waiting lists at hundreds of marinas can easily be found to be several years long. It is not unusual to find a Yacht Club or Marina that can only offer a new slip space through a members passing or move from the area. . Stringent Federal, State, Local government and environmental restrictions have almost completely ceased the creation of new marinas and made it almost impossible for even grand-fathered marinas to expand or even dredge in many locations. Investors, Insightful Boaters, Developers and Waterfront Property Owners are quickly realizing that demand is out pacing the supply at an alarming rate and they are quickly capturing the remaining opportunities as quickly as they become available. This "land grab" is also accelerating the deficit in available rental space and putting upward pressure on the market. These are only a few of the factors that have contributed to what is going to be a continued shortage of dock space in the USA and Caribbean. More often than not, opportunities to purchase docks, dry racks and marina property in pre-development phases are either closely guarded deals reserved for friends, family and close associates or they are unadvertised and gone within a very short time (we mean the "real deals"). The "real deals" are at the beginning of the development cycle - often 12 to 36 months prior to construction. |
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