Q4 2024 Market Insights

The rate of new additions to the completed and pipeline of developments in Q4 2024 showed a less incremental gain when compared to the previous quarter (94 in Q3 vs 69 in Q4).

In Q4 the total number of projects hit 1,700, comprising of a total pipeline of 912 and 788 completed projects. In Q4 2024, there have been 68 new pipeline signings, a change of 8% in comparison to the previous quarter. As some projects were only shared and included in our analysis upon completion, or were referenced in previous quarters, the conversion rate from pipeline to completed projects appears low, with only one finalised in Q4 2024. Over the quarter, new brands entered the market, including Natuzzi, Barneys, Riva, and Jean-Georges.