Kind of a weird question.
You will have submerged coasts when the water level is falling, but only for a time. If the water level were to somehow fall far enough, you'd reach the end of the continental shelf, at which the actual "coast" would be high and dry.
When sea level is *falling* you will expose parts of the continental shelf that had previously been covered by water - but there will still parts covered by water. This would (or could) heavily impact low lying shelves, such as areas out on the West Coast here where the shallow kelp beds might be exposed, or out near Florida and the Caribbean, where coral reefs could be exposed. In a major port like New York or Los Angeles, if sea level fell enough, it could expose land that would both keep the merchant vessels from approaching the docks due to dry ground in front of them, and not enough water beneath them.