Start-ups see a market in renting furniture by the month

  • 📰 latimes
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 82%

Business News News

Business Business Latest News,Business Business Headlines

Start-ups are trying to rent furniture to young people who don’t want to buy or move heavy furniture and are willing to pay for the convenience.

He pays $200 a month for the sofa, side table, bar cart, dining table and four chairs in his living room. It’s worth it, the 27-year-old New Yorker says. If he needs to move, which he’s done twice in the last 12 months, he won’t need to lug a sofa across the city or worry if it will fit in a new place. The furniture-rental start-up, Feather will swap out items for something else.

The furniture-rental companies target high-income city dwellers who want a $1,100 orange love seat or $980 leather bench — but only temporarily. The furniture itself is a step up from Ikea. Others are renting out home goods too. Rent the Runway recently added West Elm pillows and quilts. Ikea is testing a rental service in several countries outside the U.S., including Switzerland and Belgium.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This wasn’t a big problem for decades when these sorts of businesses took advantage of nonwhite people

Some economy, can't even own the furniture you sit on.

Start-ups see a way to exploit young people’s inability to buy and own property and take advantage of that

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in BUSİNESS

Business Business Latest News, Business Business Headlines