About
Professor Franz Fuerst is a leading academic in Real Estate Finance and Economics at the University of Cambridge's Department of Land Economy. His research focuses on sustainable real estate, energy efficiency in buildings, spatial economics, and real estate investment.
With over 229 publications and citations exceeding 7,200, Professor Fuerst is a globally recognized expert in his field. He serves as an editor for Spatial Economic Analysis and holds fellowships at the Academy of Social Sciences, the J.M. Keynes Fund, and the Cambridge University Land Society. His work has been published in top-tier journals including Energy Economics, Journal of Cleaner Production, Real Estate Economics, and Applied Energy.
Research Areas & Impact
Green Buildings & Energy Efficiency
38 publications
Leading research on LEED, Energy Star, and BREEAM certifications and their market impacts
Spatial Economics
25+ publications
Editorial leadership in spatial econometric models and regional economic development
Real Estate Finance
15 publications
REITs, fund performance, and investment strategy analysis
Climate Risk & Property
8 publications
Climate change impacts on property values and natural hazard risks
Urban Mobility
6 publications
E-bikes, bike sharing, and sustainable transportation systems
Behavioral Economics
4 publications
Personality traits and environmental decision-making
Selected Recent Publications
2025
- Chong, C., Fuerst, F. (2025). Powered by Proximity? The Micro-Locational Behaviour of Knowledge-Intensive Businesses. Journal of the Knowledge Economy. DOI
- Fuerst, F., Adams, S., Pivo, G. (2025). Investing in 'Green' Commercial Real Estate: Frameworks and Metrics. Oxford Research Encyclopedia of Economics and Finance. Forthcoming.
- Blok, F.J., Fuerst, F. (2025). Multiple Hazards and residential rents in Switzerland: Who pays the price of extreme natural events? Ecological Economics, Volume 230, 108485. DOI
2024
- Li, Q., Luca, D., Fuerst, F., Wei, Z. (2024). Success in tandem? The impact of the introduction of e-bike sharing on bike sharing usage. Research in Transportation Economics, Volume 107, 101476.
- Banerjee, A., Das, P., Fuerst, F. (2024). Are green and healthy building labels counterproductive in emerging markets? An examination of office rental contracts in India. Journal of Cleaner Production, 4555/141838.
- Li, Q., Luca, D., Fuerst, F., Zhang, E. (2024). The travel pattern difference in dockless micro-mobility: Shared e-bikes versus shared bikes. Transportation Research Part D: Transport and Environment, 130/104179.
2023
- Li, Q., Fuerst, F., Luca, D. (2023). Do shared E-bikes reduce urban carbon emissions? Journal of Transport Geography, 112, 103697.
- Jackson T. Anderson, Franz Fuerst, Richard B. Peiser, Michael J. Seiler (2023). iBuyer's Use of PropTech to Make Large-Scale Cash Offers. Journal of Real Estate Research. DOI
2022
- Fuerst, F., with Cajias, M., Lorenz, F., Willertsch, J. (2022). Interpretable Machine Learning for Real Estate Market Analysis. Real Estate Economics. DOI
- Fuerst, F., with Lai, Y., Papadopoulos, S., Sagi, J., Pivo, G., Kontokosta, C. (2022). Building Retrofit Hurdle Rates and Risk Aversion in Energy Efficiency Investments. Applied Energy, 306B, 118048.
- Elhorst, P., Fuerst, F., et al. (2022). Raising the bar (22). Spatial Economic Analysis, 17(2), 151-155.
2021
- Fuerst, F., Warren-Myers, G. (2021). Pricing Climate Risk: Are Flooding and Sea Level Rise Capitalised in Australian Residential Property? Climate Risk Management, 34/100361. DOI
- Akhtyrska, Y., Fuerst, F. (2021). People or Systems: Does Productivity Enhancement Matter More than Energy Management in LEED-certified Buildings? Sustainability, 13(24). DOI
- 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, Vol. 58, 101434. DOI
- Candelon, B., Fuerst, F., Hasse, J.-B. (2021). Diversification Potential in Real Estate Portfolios. International Economics, Vol. 166, pp. 126-139.
Most Cited Publications
- Fuerst, F., McAllister, P. (2011). Green Noise or Green Value? Measuring the Effects of Environmental Certification on Office Values. Real Estate Economics, 39(1), 45-69. 450 citations
- Fuerst, F., McAllister, P., Nanda, A., Wyatt, P. (2015). Does energy efficiency matter to home-buyers? An investigation of EPC ratings and transaction prices in England. Energy Economics, 48, 145-156. 211 citations
- Fuerst, F., McAllister, P. (2011). The impact of Energy Performance Certificates on the rental and capital values of commercial property assets. Energy Policy, 39(10), 6608-6614. 159 citations
- Fuerst, F., McAllister, P. (2011). Eco-labeling in commercial office markets: Do LEED and Energy Star offices obtain multiple premiums? Ecological Economics, 70(6), 1220-1230. 156 citations
Recent Key Publications (2023-2025)
- Lorenz, F., Willwersch, J., Cajias, M., Fuerst, F. (2023). Interpretable machine learning for real estate market analysis. Real Estate Economics, 51(5), 1178-1208. 41 citations
- Li, Q., Fuerst, F., Luca, D. (2023). Do shared E-bikes reduce urban carbon emissions? Journal of Transport Geography, 112, 103697. 28 citations
- Blok, F.J., Fuerst, F. (2025). Multiple hazards and residential rents in Switzerland: Who pays the price of extreme natural events? Ecological Economics, 230, 108485.
Contact
Email: ff274@cam.ac.uk
Address: Department of Land Economy
University of Cambridge
19 Silver Street
Cambridge CB3 9EP, UK