Leading the charge is the manufacturing sector, where spending is projected to increase more than 50% over last year’s exceptional performance. Healthy gains are expected across all sectors, including commercial, institutional, and industrial construction categories, with each projected to increase at a double-digit pace.
The American Society of Interior Designers (ASID) is excited to announce the release of the 2023 Economic Outlook Report – the third installment in ASID’s annual Outlook Research Series, sponsored by Sherwin Williams.
This report delves into the current state of the economy during a pandemic-recovery period and following a brief recession in 2023, equipping the design industry with insights to inform and prepare practitioners for future shifts and trends.
Key takeaways include:
National employment has bounced back from its initial sharp decline in early 2020 and is now above its pre-pandemic peak.
In general, most major cities have excess office space in their downtown areas, though vacancy rates have fallen somewhat as some workers return to the office.
Residential construction felt the effects of the fallout from the pandemic but quickly recovered.
“We’re thrilled to partner with 1stDibs and provide our agents with first-class service and access to luxury design,” said Mauricio Umansky, CEO and Founder of The Agency. “Our brands share a remarkable synergy, and through this partnership, we can leverage our combined capabilities to offer our agents enhanced access to services that truly differentiate The Agency.”
My current favorites are the Sare Floor Lamp and the upcoming MetLife table. My favorite interior design project was a residential home in Bebek, Istanbul. I designed it during covid, and despite the dreary circumstances, I felt proud to create designs that reflect a more positive and fun world. That project makes me happy every time I see the images.
Low is a self-taught interior designer, albeit one who grew up with a mother who is an interior designer and a father who is a general contractor. At one point, Low’s mother asked her to take Sandra Funk’s Interior Design Standard program focused on the business side of design and to implement its templates, processes and recommendations in her mother’s business. “I went through the entire course in one day,” Low recalls, “and by the end of the day, I was like, ‘Oh, this is how you run a business!’”
FS&CO was founded and established in New York City in 1889 by Frenchman Frederic Schumacher and was a pioneer in the world of interior design, getting its start by bringing the art of French textiles to the United States. It is a sixth-generation family-owned company. Its new headquarters, located at 459 Broadway and Grand Street are in the landmarked Devlin building, constructed in 1861, the original home to the Devlin department store. The heritage and impressive history of the 459 Broadway building make it the perfect home for FS&CO’s new offices. In fact, F. Schumacher & Co.’s original office on lower Fifth Avenue was located in a similar era building.
“Bret is laser-focused on solutions for Trivantage customers,” said Leib Oehmig, CEO of Glen Raven. “He demonstrates every day the power of relationships and puts the customer first and foremost in every decision. Bret’s vision and tireless energy will serve him well as the next president of Trivantage.
Sunbrella is known for its durability and resistance to fading and stains. How do you balance these functional requirements with creating aesthetically pleasing designs?
GV: At Sunbrella, we never have to worry about compromising the look and feel of new designs to maintain performance. Sunbrella fabrics are filled with texture and softness due to our unique bank of specialty yarns, weaving and finishing techniques. Each fiber of every yarn is saturated to the core with UV-stable pigments, resulting in vibrant color that allows our fabrics to retain the same look over time, even after continual cleaning and usage.
“The Design Influencers Tour is a win-win for participants and for the sponsoring showrooms,” says Tammy Nagem, president and CEO of the High Point Market Authority. “This is one of our most popular Market programs and there’s a lot of brand exposure to be gained for everyone involved.”
Hooker Furnishings has acquired BOBO Intriguing Objects, a lighting, décor and furnishings manufacturer based in Atlanta, Georgia. With a variety of one-of-a-kind designs, BOBO’s product line enables Hooker Furnishings to expand its portfolio into the lighting, accessories, textiles, and decor segments of the industry.