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Baker Tilly partner Andreas Röhr talks to trade publication Immobilien & Finanzierung about the sentiment in the real estate industry, market opportunities, and the strategic challenges posed by the AI boom.
At the end of 2025, the German real estate industry is facing a challenging environment: geopolitical risks, cautious financing strategies, and a subdued transaction market are shaping the mood. Nevertheless, opportunities are opening up for those who bring expertise, courage, and strategic thinking to the table. In an interview with the trade magazine Immobilien & Finanzierung, Andreas Röhr, Partner Real Estate Valuation at Baker Tilly, explains why expertise is crucial right now and which trends will shape the future.
The industry remains in wait-and-see mode, but potential is there. Crisis-proof asset classes such as residential construction, logistics, and retail parks are particularly in demand. At the same time, office real estate is facing a differentiated renaissance: prime locations remain attractive, while secondary offices require new concepts. Knowing the right strategies can now unlock value creation potential.
Röhr emphasizes: In times of rising interest rates and complex market conditions, standard thinking is not enough. Asset managers who develop individual solutions, implement ESG requirements pragmatically, and build trust with tenants are successful. Experience and creativity are once again becoming decisive competitive advantages.
Sustainability and technology are shaping the future. ESG remains a key issue, but Röhr warns against exaggerated expectations: realistic, economically viable concepts are needed. Artificial intelligence is also gaining in importance – it can speed up processes and reduce errors, but it cannot replace human quality assurance. The combination of technological progress and human expertise is becoming the key to long-term success.
Read the full interview with Andreas Röhr and learn how the industry is preparing for the coming years.
Andreas Röhr
Partner
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