Las Vegas Market occupancy hits 96%
Furniture Today Staff -- Furniture Today, January 17, 2014
The 96.4% occupancy on 21 floors is the highest level for permanent floors since Building C opened in 2008. A floor of temporary exhibits on B2 is also sold out, said officials of IMC, which owns and operates the market buildings.
"All indicators point to the winter 2014 Las Vegas Market being one of our strongest markets over the last decade," said Craig Staack, vice president of home furnishings leasing for IMC. "The momentum we have in terms of both exhibitor and buyer growth is remarkable and has fueled an occupancy of over 96% across our furniture and mattress floors, which adds up to almost 2,000,000 square feet of showrooms and new products."
Italian furniture manufacturer Natuzzi is showing for the first time in Las Vegas in World Market Center B-570, a 13,000-square-foot showroom. Leather upholstery supplier Violino will also be in a new 13,000-sqare-foot showroom in B-870, and upholstery source England, a La-Z-Boy company, signed a new lease for a 7,500-square-feet showroom in B-965.
Sunpan, a transitional and contemporary furnishings supplier, has doubled its showroom space to 12,000 square feet in B-700. On the Modern Trends floors - B6 and B7 - new tenants include Tvilum, a ready-to-assemble furniture company (B-654); Oios Metals (B-658); upholstery company Huntington (B-624); Chairtech, a contemporary furniture company, (B-745); LH Imports, a Canada-based furniture distributor (B-750); Copeland Furniture, a Vermont-based natural hardwood furniture manufacturer (B-728), and Amisco, a metal furniture manufacturer (B-718).
Parker House has doubled the size of its showroom to almost 20,000 square feet, relocating to A-1053. Additional new tenants in the building include Barcalounger (A-648), Vaughan (A-1019) and leather manufacturer Palatial (B-1052).
Additions in the bedding category include Wolf Bedding (A-1009), luxury memory foam maker Easy Rest (A-849), Softide (B-966), Dreams Sleep (B-958), and specialty pillow and topper manufacturer Blu Sleep (B-960). Grupo Buoninfante has expanded its space in C-1562, as has latex foam rubber mattress manufacturer Prana Sleep (C-1564). Spaldin Sleep, which calls itself an ecologically friendly mattress company, is showing in C-1568, and organic sleep products company Natura is exhibiting in a 7,407-square-foot showroom in C-1576.
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