Marinas watch, wait for end to slow dock market [South Florida]
Southwest Florida’s dockominium industry – going full speed ahead three years ago – is going through a no-wake zone now, say owners and builders.
But long term, they say, individually owned spaces in a dry dock facility are still a good investment because they control an increasingly scarce commodity.
As waterfront property became more valuable in recent years, developers started putting up “boat barns”: multi-story buildings with spaces where boats could be stored and quickly taken down with a fork lift and launched at an owner’s convenience.
Typically buyers get the equivalent of a condominium, and the entire project ends up eventually controlled by the owners when enough of the units are sold.