Is that a sofabed in the recess on the north wall? Are there no windows in this space? Do you have any photos of the space? You'll have to go very small scale on the seating and consider multi-purpose pieces such as a coffee table that becomes a desk/dining area. Swivel chairs that can turn to TV or to conversation with others. Keep the fabrics light. Other pieces will open up the space if they are on legs, leaving open floor underneath.

GDF Studio Ditmar Natural Brown Lift Top Storage Coffee Table · More Info

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Thank you for your thoughts.

That is a futon, but think I would prefer a sofa bed. I am looking for comfort and practicality.

It is a basement space, so the windows are tiny. I love the table that you included, can you provide a link please.

Also, do you think this layout is workable or do you think there’s a better option?

Click "More Info" for the link. Too bad about that fridge. Are you planning to remove the cabinets so you can push it back to the wall? The semi-pano photos are warping the scale, so it is hard to judge the space. Is the futon/sofabed the only sleeping area here or is it just for extra guests? I think I would put the TV on the blue wall and float a sofabed facing it at the pole. You could push a table up behind the sofa for dining, something like this.

following

The fridge will be moved back to the wall. The cabinets will be reworked to accommodate.

The futon/sofa bed is to accommodate extra guests.

Thanks for your your thoughts.

Forget a futon they are horrible for seating and sleeping . As for the rest without a scaled floor plan I have no idea but that pole needs to be somehow used in the decor before someone knocks themselves out. So the idea of a bar table built around it is one way to handle it