Marina Market Analysis 26 . Coastal marinas along the eastern seaboard were fairly successful until the recent recession, with i many documenting 100% occupancy or waiting lists. This may be partly due to increased : environmental regulation limiting dredging new bodies of water or deepening existing ones. As . marinas are typically close to inlets leading to the sea or inland waterways, they are typically in areas that are rich with aquatic life. ; National Boating Trends Because of the age, size, design, tenancy, quality, and location of the subject, it is likely to appeal to investors primarily on a national or regional basis. While national factors may or may not be indicative } of the subject’s market area, the national trends exhibited are generally indicative of movement in all \ submarkets. Real estate is typically analyzed on a market-by-market basis. Published secondary data and market studies for the marina industry on a local or regional level are scarce. Nationwide, the ' most comprehensive statistical reference guide for the marina industry is the Recreational Boating Statistical Abstract, published annually by the National Marine Manufacturers Association (NMMA). The most recent publication reports 2014 data. | According to NMMA, the boating industry generated $35.4 billion in sales and services in 2013, a 3.5% : decline from 2013. This represented the first year of decline after three consecutive years of growth ; following the low point in 2010, of $30.4 billion, from the “great recession.” The peak occurred in 2006 ‘ at $39.5 billion. : Of the 242.5 million adults living in the United States in 2014, 35.7%, or 87.3 million people, : participated in recreational boating; a 1.8% decline from 2013. This is within the range of participation ; over the past four years which varies from 34.8% to 37.8% of the population. New boat sales peaked at 912,130 in 2006, but have declined since that date with 2014 sales at : 534,500 units, an increase of 0.44% fro