Franz Fuerst

Franz Fuerst

Professor of Real Estate and Urban Economics

Sustainable Real Estate · Climate Risk · Urban Economics

University of Cambridge · Department of Land Economy

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Research Areas

Green Buildings

Energy efficiency & certification impacts

Climate Risk

Physical & transition risk pricing

Portfolio Management

REITs & investment strategies

Valuation

Market segmentation & pricing

Machine Learning

Interpretable AI for real estate

Spatial Economics

Urban patterns & employment

Publications and Projects

2025

  • Fuerst, F.; Adams, S.; Pivo, G. (2025). Investing in 'Green' Commercial Real Estate: Frameworks and Metrics. Oxford Research Encyclopedia of Economics and Finance. Forthcoming
  • Chong, C.; Fuerst, F. (2025). Powered by Proximity? The Micro-Locational Behaviour of Knowledge-Intensive Businesses. Journal of the Knowledge Economy.
  • Ertl, P.; Fuerst, F. (2025). Physical Climate Risk in Real Estate: The Wildfire Risk Exposure of US REITs. Cambridge Journal of Climate Research, 2(1), 195-213.
  • Blok, F.J.; Fuerst, F. (2025). All Downhill from Here? Climate Change and House Prices in the Swiss Alps. Climate Risk Management, 49, 100728.
  • Blok, F.; Fuerst, F. (2025). Multiple Hazards and Residential Rents in Switzerland: Who Pays the Price of Extreme Natural Events? Ecological Economics, 230, 108485.

2024

  • Anderson, J.T.; Fuerst, F.; Peiser, R.B.; Seiler, M.J. (2024). iBuyer's Use of PropTech to Make Large-Scale Cash Offers. Journal of Real Estate Research, 46(1), 114-135. Best Paper 2024
  • Fuerst, F.; Banerjee, A.; Das, P. (2024). Are Green and Healthy Building Labels Counterproductive in Emerging Markets? Journal of Cleaner Production, 455, 141838.
  • Li, Q.; Zhang, E.; Luca, D.; Fuerst, F. (2024). The Travel Pattern Difference in Dockless Micro-Mobility: Shared E-Bikes Versus Shared Bikes. Transportation Research Part D, 130.
  • Akhtyrska, Y.; Fuerst, F. (2024). The Effectiveness of Climate Change Regulations in the Commercial Real Estate Market. Energy Policy, 185.

View complete publication list

Select a research area above to explore related publications

  • 2024 Journal of Real Estate Research Best Paper Prize
    Anderson, J.T.; Fuerst, F.; Peiser, R.B.; Seiler, M.J. (2024). iBuyer's Use of PropTech to Make Large-Scale Cash Offers. Journal of Real Estate Research, 46(1), 114-135.
  • 2022 ARES/CoStar Best Manuscript Award
    Co-authored with K. Minkow on health and well-being in commercial real estate
  • 2021 Nick Tyrrell Prize
    Fuerst, F.; Mansley, N.; Wang, Z. (2021). Do Specialist Funds Outperform? Evidence from European Non-Listed Real Estate Funds. Research in International Business and Finance, 58.
  • 2017 Pacific Rim Real Estate Society Best Paper
    For pioneering work on sustainable real estate valuation
  • Emerald Highly Commended Awards
    Multiple awards (2013, 2016) for contributions to real estate economics literature

Recognition & Impact

Academic Positions

  • Fellow, Academy of the Social Sciences
  • J M Keynes Fellow in Financial Economics
  • THRIVE Research Hub Fellow, Melbourne

International Affiliations

  • Previously Visiting Professor, Hitotsubashi University Tokyo
  • Previously Global Visiting Professor, TU Munich
  • Previously Visiting Professor, University of Regensburg
  • Previously Visiting Professor, Reitaku University Tokyo

Selected Keynote Speeches

  • India Management Research Conference
  • NTFU Business Conference
  • International AREUEA Conference
  • SwissLife Asset Management

Media & Consultancy

Keynote Speeches

  • India Management Research Conference
  • NTFU Business Conference
  • International AREUEA Conference (Invited Keynote Panellist)
  • Dokkyo University Japan International Forum
  • Cluster Sustainable Real Estate, TU Munich
  • SwissLife Asset Management

Advisory & Consultancy Experience

  • Research Advisor – VERT Asset Management
  • Climate Risk Advisor – ClimateWise Project
  • Advisory Board Member – Homburg Institute for Real Estate
  • Research Consultant – Pacific Star Mutual Fund
  • Expert Advisor – EU Commission DG Industry
  • Policy Advisor – UK Government BEIS
  • Climate Risk Expert – UK Insurance Industry
  • Past Role: Senior Consultant – Atisreal-BNP Paribas Real Estate

Policy Influence & Outreach

Research cited and utilized by leading organizations:

  • World Economic Forum – Climate risk and real estate research citations
  • World Green Building Council – Sustainability standards development
  • USA Department of Energy – Energy efficiency policy research
  • UK Green Building Council – Green building certification analysis
  • UK Department of BEIS – Minimum Energy Efficiency Standards consultation
  • Green Building Council Australia – Sustainable property valuation methods

Teaching & Supervision

Current Teaching

MPhil Chair of Examiners
RE02 Real Estate Investment and Finance
RE03 Real Estate Development
Paper 11 Urban Land Economics, Land Economy Tripos

PhD Supervision

Current PhD Students

  • Ramandeep Singh
  • Xinyan Huang
  • Katharina Minkow
  • Mengqi Qiu
  • Yuqing Liu

Recent PhD Graduates

  • Hassan Adan
  • Yana Akhtyrska
  • Floris Blok
  • Mark Burke
  • Ante Busic
  • Odilon Costa
  • Marco Felici
  • Michel Haddad
  • Jan-Otto Jandl
  • Qiumeng Li
  • Donald Stevens
  • Nikodem Szumilo

Executive Education

ESG Integration
Climate Risk Assessment
Investment Strategies

Contact

Email

ff274@cam.ac.uk

Office

Department of Land Economy
17 Mill Lane, Cambridge CB2 1RX