This is a multi-part series looking at this unique real estate niche. From basic information about these properties to how they work and how to assess them as investments, we'll explore these prominent, yet rare and slowly disappearing businesses and how they continue to defy the ups and downs of most commercial real estate categories.

What Is a Working Waterfront? A Guide for Investors, Developers & Communities

Commercial fishing pier on a working waterfront in Southern New England

A working fishing pier — the kind of commercial maritime infrastructure that defines a working waterfront.

When you stand at the edge of almost any harbor, you see two waterfronts at once. One is the version that gets the headlines — condominiums with water views, restaurant rows, hotel terraces, kayak rentals. The other is quieter, grittier, and increasingly rare: the working waterfront. It’s the same when you drive by a local marina: you see dozens of masts jutting up from sailboats and the shiny conning towers of yachts. But it takes a little closer look to see the charter boat that’s a…

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