“Leisure Investment Properties Group Releases Marina Investment Report” – Marina Dock Age
“Leisure Investment Properties Group has released its 2022 Marina Investment Report. The study includes information on the current market, trends, buyer sentiment, transaction activity, and exclusive interviews with industry experts.
The overall theme is that the marina market continues to grow with occupancy rates remaining high, sales prices climbing, and the number of transactions reaching record levels. The region of the U.S. with the most transactions continues to be the southeast as it has the highest concentration of marinas, followed by the northeast, mid-Atlantic, and west.
The report borrowed a few marina trends statistics from the Marina Dock Age annual trends survey that showed high occupancy rates, and increasing rates and profitability. The only area of the marine industry that has dropped is boat sales where demand has exceeded supply.
Offered within the report is also insight into hiring a broker, preparing a marina for sale, exit strategies, and the importance of insurance.
The presented outlook for the marina market is that sales prices will continue to rise, consolidation of marinas under one company will grow, and if the promise of consolidation to improve facilities, attract loyal employees, and expand cash flow proves true, more marinas will be sold as turnkey properties only making them more attractive to buyers.
Copies of the report can be found on the company’s website www.leisurepropertiesgroup.com.”
Article Published by Marina Dock Age in April 2022