Marina Market Analysis 25 ' Marina Market Analysis i Marinas are not at all homogenous, and the various combinations of business and physical components result in significantly different results for the owners and operators. The two major types i of marinas are coastal (usually found in saltwater inland waterways that lead to an ocean port), and ' freshwater (found on lakes). Saltwater marinas tend to attract larger vessels and require a completely different level of maintenance. Freshwater marinas typically cater more toward day-sailors and day- : boaters who do not have personal space with which to keep their boats. ) Typical marinas in both coastal and freshwater locations can include any combination of the following i components: e Wet Slips (covered and uncovered) e Dry Storage (land) e Dry Storage (stack) e Maintenance and Repair Yard and Services e Marine Dealerships (boat sales) e Merchandise Sales (fishing, boating, sundries) , e Fuel Sales (gas and diesel) / e Equipment Rental With regard to slip rentals (wet and dry), these spaces can be either rented (the traditional route), or , sold as “dockominiums” and “rackaminiums.” The sellout component became very popular in the last i decade, and many marinas were converted to all or part sellout type enterprises. Part of the reason is : that developers in recent times prefer to develop real estate for sale (condominiums or homesites) ; that surround the marina, and in turn could sell the boat spaces and then move on to another | investment. The market for dockominiums (wet and dry) somewhat dried up during the recent recession, and many of the unsold units were subsequently rented instead of sold. : Another trend of development prior to the 2008 recession was for marinas within luxury resort , communities that also have a residential component. These include 4 and 5-star resorts in the . subtropical USA as well as the Caribbean. Typical luxury resort developments planned in the last : decade would include a h