Knight Frank bullish about business conditions

Knight Frank bullish about business conditions

20 August 2009 by Staff Reporter 0 comments

Business and consumer confidence will return to peak levels by mid 2010 according to Knight Frank.

Associate director for leasing at Knight Frank, Giuseppe Ruberto, told Real Estate Business that the industrial real estate market had begun to pick up and inquiries for office leasing and relocating tenants were starting to filter through.

“Tenants are starting to realise that if they want to upgrade or relocate to a better address, now is the time to do so,” Mr Ruberto said.

“Business confidence is starting to bounce back. I don’t think we will see huge improvements over the short term, but I think it will have rebounded by the end of the first quarter next year.”

Earlier this week, Mr Ruberto was honoured in the Australian Property Institute’s (API) Excellence in Property Awards.

Mr Ruberto took home the Institute’s Young Achiever of the Year award for his consistently strong results.

Mr Roberto joined Knight Frank in 2005 as a property manager and since then has managed to broaden his skills and is now responsible for executing office and retail lease deals while actively pursuing and securing new leasing opportunities.

According to Mr Ruberto, who settles between 40 to 50 deals a year, the biggest challenge facing agents at the moment is the ability to juggle and meet the needs of both the tenant and interested party.

“You have to mold your services to accommodate everyone’s needs. It is a bit of a juggling act, but at the end of the day you want to get the best deal for both parties and you do that by creating a level playing field,” he said.

Business and consumer confidence will return to peak levels by mid 2010 according to Knight Frank.

Associate director for leasing at Knight Frank, Giuseppe Ruberto, told Real Estate Business that the industrial real estate market had begun to pick up and inquiries for office leasing and relocating tenants were starting to filter through.

“Tenants are starting to realise that if they want to upgrade or relocate to a better address, now is the time to do so,” Mr Ruberto said.

“Business confidence is starting to bounce back. I don’t think we will see huge improvements over the short term, but I think it will have rebounded by the end of the first quarter next year.”

Earlier this week, Mr Ruberto was honoured in the Australian Property Institute’s (API) Excellence in Property Awards.

Mr Ruberto took home the Institute’s Young Achiever of the Year award for his consistently strong results.

Mr Roberto joined Knight Frank in 2005 as a property manager and since then has managed to broaden his skills and is now responsible for executing office and retail lease deals while actively pursuing and securing new leasing opportunities.

According to Mr Ruberto, who settles between 40 to 50 deals a year, the biggest challenge facing agents at the moment is the ability to juggle and meet the needs of both the tenant and interested party.

“You have to mold your services to accommodate everyone’s needs. It is a bit of a juggling act, but at the end of the day you want to get the best deal for both parties and you do that by creating a level playing field,” he said.

promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2016

With a combined sales volume of $13 billion in 2016, the Top 100 Agents ranking represents the very best sales agents in Australia. Find out what sets them apart and learn their secrets to success.

featured podcast

featured podcast
REVEALED: The 10 best agents in Australia for 2017

For the first time ever, the top 10 agents in the REB Top 100 Agents ranking are revealed in this exclusive podcast. ...

View all podcasts

Are dodgy agents being punished enough?

Yes (8.6%)
No (55%)
Only in some states (2.3%)
Not all dodgy agents are being found out (34.1%)

Total votes: 220
The voting for this poll has ended on: April 15, 2017
Do you have an industry update?