Las Vegas Market Reaches 96 Percent Occupancy on Home Furnishings Floors
Posted on January 16, 2014 by
LAS VEGAS-International Market Centers has announced 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, Jan. 26-Thursday, Jan. 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.