REPORT: The price of clean air: quantifying air pollution exposure in real estate decisions

25 / 08 / 22 - 0 minute read

Quantifying air pollution exposures in real estate decisions

Air pollution is a hidden threat in urban areas. Short- and long-term exposure to air pollutants poses a serious threat to human health, wellbeing, and the environment.

Air quality matters when optimising rental income in a


Dr. Marcelo Cajias

Rebecca Restle

Tenants are willing to pay up to 5% higher rents for assets located in areas with low pollution levels

Marcelo Cajias

Head of Data Intelligence

Marcelo Cajias heads the Data Intelligence section, which is part of the Investment Strategy and Research team at PATRIZIA. In his role he is responsible for the global portfolio of analytical solutions and dashboards that support strategic investment decisions by means of observed and unobserved machine learning forecast models for various asset classes. Marcelo studied business administration at the University of Regensburg in Germany, majoring in statistics, econometrics and real estate economics. He received his doctorate for his thesis on the economic impact of sustainability on listed real estate companies.

His research has been published in various international journals and he has received the RICS Best Paper Award and the German Real Estate Research Prize.

Augsburg, Germany

Dr. Marcelo Cajias

Head of Data Intelligence