Furniture: Vertical Housing and New Trends

Explained by the increase in vertical housing construction, in Guatemala manufacturer’s report that in recent year’s furniture designed for confined spaces has gained popularity and has become a trend in the local market.

Wednesday, November 27, 2019

Businessmen in the sector agree that since 2015 this trend began to be noticed in the country and some local manufacturers estimate that the demand for compact furniture has increased 40% in the last four years.

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Leslie Batz, general manager of Furco Home Furniture, explained to that "... the traditional furniture, which they were used to making, has had to be adapted to the manufacturing process because it doesn't fit in the lifts either."

Batz added that "... dining tables are smaller, for four people, but can also be made extendable for six people. The traditional tables have measures of about 2 meters with 40 centimeters, but now they are made of 1.80 meters."

In relation to the tastes and preferences of the clients, these vary according to the ages of the clients, since the greater clients look for furniture made with fine woods like cedar, mahogany and others, and big pieces. In the case of millennials, they are attracted to more functional furniture, which can be coupled to different spaces, for example, sofas adapted with cup holders, space to store the controls of the devices.

According to reports from CentralAmericaData, during 2018 the main importer of furniture in Central America was Panama, with $118 million, followed by Costa Rica, with $88 million, Guatemala, with $58 million, Honduras with $43 million, El Salvador with $38 million and Nicaragua with $27 million.

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More on this topic

Guatemala: More Investment in Vertical Housing

August 2019

Two vertical residential complexes are being developed in the country's capital, one that will be in Zone 5 and will offer 385 apartments, and another that will be in Zone 15 and will house 24 housing units.

The Modus Vivendi company will build a housing complex called "Barrio 5" in the Saravia neighborhood in Zone 5 of the capital, which will be made up of two towers that will house 385 apartments.

Boom in Vertical Construction

February 2019

The need to live in areas close to workplaces and study centers, partly explains the upward trend that has reported in recent years’ vertical construction in the Guatemalan capital.

Data from the Municipality of Guatemala detail that between 2017 and 2018, the number of square meters authorized in vertical construction projects increased by 41%, going from 2.69 million to 3.8 million.

Diversification in the Warehouse Market

April 2018

Guatemalan businessmen say that the boom in vertical housing is changing the demand for storage services in mini warehouses, which are increasingly sought out by families.

Regarding new trends, the CEO of Mr. Bodeguitas, Federico Rolz, explained to that " ... The Generation 3 project, located in Las Charcas, zone 11 of the city, is characterized by having buildings with independent alarms, corridors designed for residential users which becomes an extension of the office and the house."

More High Rise Housing in Guatemala

March 2018

According to representatives from the union, 2016 was the first year in which more apartments were built than houses in Guatemala City, and in 2017 the trend continued.

Construction entrepreneurs confirm that growth in the sector over the last two years is mainly explained by the execution of vertical housing projects, which have mostly been built in Guatemala City.  

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