bcdc bay&planning&coalition& discussion...5/9/17 2 national&boating&trends •...
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BCDCBay Planning Coalition
Discussion
San Francisco Bay Recreational BoatingMarch 29, 2107
Discussion Outline• Overview of US and California boating• Metrics associated with berth size, boating economics and demographics for SF Bay–Boat industry size–Boat market demand–Marina data, berth pricing –Comparable data in primary CA regions
• Recreational boat industry trends
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National Boating trends
• US is half the world market in boats–$121B in economic benefit–650,000 jobs, 35,000 businesses
• 1.2 M boats sold annually in US–250,000 new boats –95% of new boats are made in America–95% are cartop/trailerable boats under 26’
California Boating• More than 800,000 registered boats• $8.9B in total economic benefit – 48,400 jobs; 3,062 businesses
• 8,000 new recreational boats sold in 2016– 4,000 personal watercraft– 95% powerboats, trailerable under 26’– 4% between 26’ and 39’ – 1% are 40’ or more (61 boats)– 4% are sailboats
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Other CA Data• More desirable locations have highest rates –Dana point, Newport, Lido– Longest wait lists too (20+ years)
• Most southern CA publically-‐owned marinas independently managed–Experience, long planning horizon
• CA Boating Demographics• 79% of boaters married or partnered• 52% have kids• 74% have household incomes under $100,000• 25% are non-‐Caucasian• Most boaters are guests– Average boat takes 30+ people out per year– Bay-‐area residents have 2.4 boat experiences/year
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Boating’s Economic Impact on California
• Largest landlocked harbor in world• A premier US boating region • 57 marinas in SF Bay –Most over 50 years old, numbers in decline–Five closed in last ten years in South Bay, two more expected to close soon–Services (boatyard/fuel) also declining
SF Bay Boating Infrastructure
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• 17,700 “wet slips” in SF Bay, occupancy 80%• Demand increases with size, proximity to SF• Overabundance of small slips, few large slips
• Under 25’ 1,880 60’ 338• 25’-‐30’ 5,381 70’ 32• 30’-‐35’ 3,370 80’+ 21• 35’-‐40’ 2,775 (+side-‐ties)• 50’ 1,142
SF Bay Metrics
Slips in Bay Area by Size
0
1,000
2,000
3,000
4,000
5,000
6,000
25' 30' 35' 40' 45' 50' 55' 60' 65' 70' 80'
TTL Slips 17,700
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% of Bay Area Slips by Size
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
25' 30' 35' 40' 45' 50' 55' 60' 65' 70' 80'
% of Slips
Boating Trends in California• Increasingly, smaller vessels are on trailers– Less costly–More flexibility– Lower maintenance–Trailerable vessels to 35’ are common
• Dry-‐stack/dry storage increasing –Cities want boats off roads and driveways–Demand for launch ramps, storage is high
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Launch Ramps – Bay AreaLaunch Ramps
Ttl Marinas Without Launch Ramps With Launch Ramps
Pump-‐Out Facilities – Bay AreaPump-‐Out in Marinas
Total Marinas With Pump-‐out Without Pump-‐out
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• Cost of used boats very low–Boating boom of the 60’s • Low-‐cost high-‐volume fiberglass boats• 250 boat makers in Costa Mesa alone!• ‘63-‐’72 SoCal slips increased 700%
–US made boating affordable for everyone, now a world-‐wide trend–Boaters move to larger vessels over time
Bay Area Berthing Costs• SF Bay has lowest berthing rates in California• SF Bay rates half to a quarter of other areas
• Ironically SF has highest housing costs in US! –Highest GDP per capita in US– Average household income $121,000– Berthing fees based on sf, not length–Market demand drives cost, not size –MRA tracks fees in all CA regions– Lake and ocean marinas 50:50
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Cost per foot in Bay Area
$0.00
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
25' 30' 35' 40' 45' 50' 55' 60' 65' 70' 80'
Cost per Foot -‐Double Finger
San Diego Bay
Oceans ide Harbor
Dana Point Harbor
Newport Beach Harbor
Huntington Harbor
Long Beach Harbor
Los Angeles Harbor
King Harbor
Marina Del Rey
Channel Is lands Harbor
Ventura Harbor
Santa Barbara Harbor
San Francisco
Bay
# Slips 5,295 950 2,416 1,856 569 3,428 4,171 1,342 4,037 2,478 1,682 1,139 1,750
# Vacancies 547 -‐ -‐ 60 14 -‐ 989 103 204 827 495 -‐ 350
# Occupancies 4,748 950 2,416 1,796 555 3,428 3,182 1,239 3,833 1,651 1,187 1,139 1,400
0
1,000
2,000
3,000
4,000
5,000
6,000
Regional Vacancy Rates for California HarborsMid Year 2015
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$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
$18.00
$20.0019
89
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
SF Bay vs CaliforniaTrends in Effective Slip Yields
Santa Barbara
Ventura Harbor
Channel Islands Harbor
Marina Del Rey
King Harbor
Los Angeles Harbor
Long Beach Harbor
Dana Point Harbor
Oceanside
San Diego Bay
San Francisco
SF East Bay
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
$18.00
$20.00
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
San Diego County vs SFTrends in Effective Slip Yields
Santa Barbara
Ventura Harbor
Channel Islands Harbor
Marina Del Rey
King Harbor
Los Angeles Harbor
Long Beach Harbor
Dana Point Harbor
Oceanside
San Diego Bay
San Francisco
SF East Bay
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$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
$18.00
$20.0019
89
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Orange County vs SFTrends in Effective Slip Yields
Santa Barbara
Ventura Harbor
Channel Islands Harbor
Marina Del Rey
King Harbor
Los Angeles Harbor
Long Beach Harbor
Dana Point Harbor
Oceanside
San Diego Bay
San Francisco
SF East Bay
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
$18.00
$20.00
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Los Angeles County vs SFTrends in Effective Slip Yield
Santa Barbara
Ventura Harbor
Channel Islands Harbor
Marina Del Rey
King Harbor
Los Angeles Harbor
Long Beach Harbor
Dana Point Harbor
Oceanside
San Diego Bay
San Francisco
SF East Bay
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$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
$18.00
$20.0019
89
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Ventura County vs SFTrends in Effective Slip Yields
Santa Barbara
Ventura Harbor
Channel Islands Harbor
Marina Del Rey
King Harbor
Los Angeles Harbor
Long Beach Harbor
Dana Point Harbor
Oceanside
San Diego Bay
San Francisco
SF East Bay
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
$18.00
$20.00
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Santa Barbara County vs SFTrends in Effective Slip Yield
Santa Barbara
Ventura Harbor
Channel Islands Harbor
Marina Del Rey
King Harbor
Los Angeles Harbor
Long Beach Harbor
Dana Point Harbor
Oceanside
San Diego Bay
San Francisco
SF East Bay
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Summary• Bay area berthing fees lowest in state• Overabundance of small slips – Very old marinas– Upgrading very difficult– Demand shifting away from small “wet slips”– Very high demand for large slips (non-‐trailerable)