In the fast-paced urbanization of Dhaka, the younger generation is becoming more self-reliant, choosing to live independently or as couples, redefining traditional family structures. Embracing the trend towards sustainability and functionality, they are moving away from large, old-fashioned homes towards modern, individualized living spaces.
The furniture industry in Bangladesh has experienced remarkable growth, with a value exceeding Tk 25,000 crore (around USD 2.3 billion). This surge is driven by the increasing demand for contemporary, space-saving furniture among the expanding urban population of the capital city.
Architect Sarawat Iqbal Tesha notes that today’s young home seekers seek affordable, adaptable, and eco-friendly housing options like co-living spaces or compact urban apartments. They favor multi-purpose, stylish furniture that maximizes space and comfort in smaller living areas. Minimalist designs that optimize space are highly sought after, reflecting the youth’s desire for personal expression and identity in their living spaces.
Neighborhoods such as Niketan, Bashundhara, Mirpur, and parts of Banani are witnessing a rise in younger residents seeking functional apartment options over the more spacious homes of the past. This market segment is characterized by their awareness of the rising land costs and their investment diversification strategies.
With a focus on efficiency and versatility, young buyers look for furniture that is space-efficient and practical, such as convertible dining tables, sofa-beds, and slim wardrobes that help organize small living spaces without appearing cluttered. Contemporary, sleek designs are preferred over bulkier furniture pieces, with clean, stylish wooden furniture being particularly popular among this demographic.
While budget-conscious, this generation values aesthetics and personal expression in their decor choices. They utilize cushions, throws, rugs, and artwork to infuse emotional depth into their compact living spaces. Embracing contemporary designs with traditional influences, they are open to experimenting with various color palettes and materials.
Furniture designers now offer attractive bundles and payment plans, featuring essential items for living, dining, or sleeping that are both space-efficient and stylish. Catering to various budgets, these bundles start from as low as Tk 50,000, making it easier for young homeowners to furnish their first homes seamlessly.
Encouraging young homeowners to curate their spaces authentically, Rayana Hossain, CEO of ISHO, advises them to select pieces that reflect their personal stories through color, material, silhouette, or function. She emphasizes the importance of creating spaces that feel uniquely theirs, rather than simply owning furniture items.