Staff Profile:Franz Fuerst

Name:

Dr Franz Fuerst

Job Title:

Reader in Real Estate Economics and Finance

Responsibilities:

Areas of Interest:

Research groups / Centres:

Centre for Real Estate Research

Publications:

Qualifications:

B.Sc./M.Sc. (Diploma) in Spatial Planning, University of Dortmund
PhD in Economics, Technical University of Berlin

Profile

Franz Fuerst is Lecturer in Real Estate Economics and Finance. Previous academic posts include Research Associate at the Graduate Center of the City University of New York and Lecturer at the Technical University of Berlin. He has also been a Research Fellow at IRPUD and a Visiting Scholar at York University in Toronto. Prior to joining the Department, he worked as Senior Consultant at Atisreal/BNP Paribas where he was responsible for market research/forecasting as well as valuations and due diligence projects for large-scale portfolio transactions. His research interests are in real estate economics, portfolio and risk management, financial analysis of 'green' investments, forecasting of commercial real estate markets as well as spatial urban and regional development. 

Recent Awards and Prizes

• ARES/NAIOP best paper awards 2009 (category office markets, with C.B. Murray and P.McAllister and category: sustainability, with P. McAllister)
• Invitated speaker at the Homer Hoyt/ Weimer School Fellows Meeting 2009.
• ARES Best Paper Award 2008 (with P. McAllister, category: CoStar data)
• Doctoral travel awards, American Real Estate and Urban Economics Association, 2004 and 2006.
• Annual dissertation grant, Real Estate Research Institute, 2004/2005.     

Selected recent publications

• Fuerst, F. and Marcato, G. (2009): Style Analysis in Real Estate Markets: Beyond the Sectors and Regions Dichotomy. Journal of Portfolio Management, 35/5, 104-117
• Fuerst, F.and McAllister, P. (2009): Green Noise or Green Value? Measuring the Effects of Environmental Certification on Office Values. Real Estate Economics. Forthcoming.
• Fuerst, F. (2009): Building Momentum: An Analysis of Investment Trends in LEED and Energy-Star-Certified Properties. Journal of Retail and Leisure Property, Vol. 8/4.
• Fuerst, F.and McAllister, P. (2009): An Investigation of the Effect of Eco-Labeling on Office Occupancy Rates. Journal of Sustainable Real Estate, 1/1, 49-64.
• Fuerst, F. (2009): .Defining the Scope of Real Estate Management: A Comparison of International Practices and Standards. Real Estate Review, 38/1.
• Fuerst, F., Murray, C., McAllister, P. (2009): Designer Buildings: An Evaluation of the Economic Value of Signature Architecture. (submitted for review, October 2009).
• Fuerst, F. and McAllister, P. (2009): Supply Elasticities and Development Oscillations: a Study of European Office Markets. (submitted for review, July 2009).
• Fuerst, F. and Matysiak, G. (2008): Drivers of Fund Performance: A Panel Data Analysis. INREV Quarterly Research Report, September 2008.

Online working papers

Link to the research of Dr Franz Fuerst on the Social Science Research Network: http://ssrn.com/author=377440

and on IDEAS/RePEc:

http://ideas.repec.org/e/pfu29.html 

 

Research Projects in Progress

• Analysing the effects of energy performance certification on commercial real estate values: constructing a data framework funded by the RICS Education Trust (with Peter Wyatt and Pat McAllister).
• Global asset allocation modelling for unlisted real estate fund of funds. In collaboration with Pacific Star Europe.
• Analysis of real estate investment styles. Funded by a major UK financial service company in the UK (with Gianluca Marcato).
• Refining market segmentation techniques for commercial real estate markets. Funded by a major UK financial service company in the UK (with Gianluca Marcato).
• The impact of design and branding on office transaction prices and rents funded by the Nuffield Foundation (with Pat McAllister and Claudia Murray).
• Investments in public infrastructure and its impact on property values in New York City (with John Mollenkopf, CUNY Graduate Center, USA).
• Time series analysis of the New Orleans office market (with Arielle Goldberg, Rhodes College, USA).   

Memberships

• Editorial Board, Journal of Sustainable Real Estate
• American Economic Association
• American Real Estate Society
• American Real Estate and Urban Economics Association
• Society of Property Researchers (UK)
• Head of sustainability working group , German Society of Property Researchers
• Invited referee for the International Journal of Urban and Regional Research