Originally Posted by YachtForums
Marinas seem to be going up faster than condos in Palm Beach. I’m seeing more large yachts, in greater numbers, than ever before. While there are no marinas quite the size of Bahia Mar, the sheer numbers of new docks and capacity seems to be outpacing Ft. Lauderdale.
Read some articles about this too in some business magazines.
Real estate is needed not only for homes but also for yachts. Not to mention the support facilities required to shelter, service and repair these "maritime investments".
As the order books for yachts are filling up, and with the increase in average LOA for megayachts on order, there is a need for new marinas and service/repair facilities to accommodate these new vessels.
Both local city governments and the yacht industry are realizing the importance of investing in the infrastructure for these support requirements.
Am wondering though if they can catch up with the industry's growth!
BTW, how did that "real estate" hunt go?
Heard property prices are going up faster than weeds in your area.