Industry Survey State Highlight: Florida

Editor’s Note: Each fall, Marina Dock Age magazine surveys marinas and boatyards about business that year. The full survey results appeared in the Nov/Dec 2019 and Jan/Feb 2020 issues and can be viewed online at www.marinadockage.com. This highlight shows survey results from specific states, the two with the highest number of respondents.

Respondent Profile
Fig. 1A shows Florida survey respondents by facility type. The majority of facilities (33.3%) are marinas with wet slips only. About one-quarter are boatyards with slips or marinas with wet and dry slips but no service.

Fig. 1B outlines the type of ownership at Florida facilities. The majority of facilities are family owned (33.3%) and private ownership/multiple partners (27.3%). About 12% are either county owned or privately owned but not by family.

Fig. 1C shows facilities by the type of operator. The large majority (58%) of Florida facilities are operated by private owners. Corporate/management firms operate 18% of Florida facilities.

Fig. 1D details the age of Florida facilities. The majority (72.8%) of Florida facilities are 11 to 50 years old with another 18.2% between the ages of 51 and 75. Facilities that are 100 years older or more make up just 3% of Florida marinas and boatyards, while 6.1% are less than 10 years old.

Fig. 1E represents the Florida facilities by size. The majority of Florida facilities (54.6%) have 249 slips or less. An additional, 21.2% of facilities have between 250 and 449 slips. Just 9% have 450 slips or more.

Occupancy Rates and Slip/Maintenance Rates
Fig. 2 shows 2019 occupancy rates in Florida, compared to the previous year. The majority of Florida facilities (48.3%) had higher occupancy in 2019. No facilities reported lower occupancy.

Fig. 3A compares Florida wet slips rates for 2019, to the previous year. Fifty-two percent reported rates stayed the same, and 48% reported rates increased.

Fig. 3B shows 2019 Florida maintenance/service rates, compared to the previous year. The majority (50%) report steady rates, compared to 2018. A large number also reported an increase in maintenance/service rates.

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