Trade Resources Market View International Market Centers Has Reported The Highest-Ever Occupancy in Its Furniture

International Market Centers Has Reported The Highest-Ever Occupancy in Its Furniture

Thursday, January 16, 2014: International Market Centers has reported the highest-ever occupancy in its furniture and mattress space leading up to the Winter Las Vegas Market, fueled by a growing demand among its existing base of tenants looking to expand their footprint along with new suppliers joining Las Vegas Market’s growing roster of exhibitors. The 2014 Winter Las Vegas Market will run from Sunday, January 26 – Thursday, January 30, marking the first market with the new Sunday opening day.

Recently Las Vegas Market achieved 96.4 percent occupancy on the 21 floors that carry furniture and mattress lines—the highest occupancy levels for permanent floors since the opening of Building C in 2008. Moreover, the upcoming Winter Market features a sold-out floor of temporary exhibits on B2.

“All indicators point to the Winter 2014 Las Vegas Market being one of our strongest markets over the last decade. The momentum we have in terms of both exhibitor and buyer growth is remarkable and has fueled an occupancy of over 96 percent across our furniture and mattress floors, which adds up to almost two million square feet of showrooms and new products,” said Craig Staack, vice president of home furnishings leasing for International Market Centers.

Among the highlights that have contributed to Las Vegas Market’s accelerated growth among home furnishings and mattress suppliers:

A flurry of new momentum in Building B including highly-regarded Italian furniture manufacturer Natuzzi (B-570) showing for the first time at Las Vegas Market in more than 13,000 square feet of space. In addition, a newly remodeled showroom will debut for leather upholstery producer Violino (B-870) in over 13,000 square feet. Plus, upholstery furniture leader England, a La-Z-Boy Company, signed a new lease in Building B (B-965) for over 7,500 square feet.

Several new additions will be exhibiting on B1, the first floor of Building B featuring unique home furnishings lifestyle brands, including leading Canadian home furnishings supplier CDI (B-170) in 3,824 square feet of space, as well as handcrafted home furnishings manufacturer Cristo Rey (B-160) in 2,817 square feet of space.

Building B has also seen significant growth in the contemporary furniture category. The Modern Trends destination, located on B6 and B7, continues to expand with a number of new leases. Among the new tenants joining Building B’s Modern Trends floors are ready-to-assemble furniture leader Tvilum (B-654) with a new 3,122 square foot showroom; hand-crafted and USA-made Oios Metals (B-658) in 2,262 square feet of space; world-class custom upholstery company Huntington (B-624) with 2,131 feet of space; contemporary furniture maker Chairtech (B-745) in a 2,503 square-foot showroom; Canadian-based furniture distributor LH Imports (B-750) with 2,299 square feet; Vermont-based natural hardwood furniture maker Copeland Furniture (B-728) with 3520 square feet; and leading fine metal furniture manufacturer Amisco (B-718) with 3107 square feet of space.

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Las Vegas Market Reaches Highest Occupancy on Home Furnishings Floors
Topics: Furniture