2025年第三季度克拉科夫城市吸引力和写字楼市场

City attractiveness, office market, HR trends knightfrank.com.pl/en/research The office market sentiment, the investment potential of the city andthe labour market. Q3 2025 Krakow Preparedin cooperation with Krakow 809 200Population 1.5mPopulation forecast in the TOP 100 Super Cities listin the Tholons GlobalInnovation Index 2021 The title of Award in„Municipality for 5!”and the titleof„Golden Municipality for 5!”in the 2023/24 edition Investment incentives Available tax incentives include:R&D tax relief, IP BOX, robotizationtax relief, expansion tax relief andrelief for innovative employees Polish Investment ZoneGovernment Investment SupportProgram grants Support for businessenvironment institutions Quality of life European Capital of Culture 2000 CULTURE AND ENTERTAINMENT• 400 cultural events annually• Over 100 festivals and artistic-entertainment events annually (including the JewishCulture Festival, Dragon Parade, Film Music Festival)• More than 1000 monuments• Over 100 museums and art galleries• 16 theaters• 12 cinemas• Over 200 restaurants (23 restaurants featured in the Michelin Guide 2025, including2-star Bottiglieria 1881)• 15 regional products protected by EU regulations (including obwarzanek, oscypek,Krakow-style żurek, carp from Zator) Numberof students132,000(2023/2024, GUS) 32,000(2023/2024, GUS)Numberof graduates 23Numberof universities TRANSPORT • 27 tram lines and 173 bus lines• 4 Fast Commuter Rail lines Airport - distanceto the city centre11km INFRASTRUCTURE • 1.83m sq m of modern office space• 190 hotels with 23,000 rooms (including 16 five-star hotels)• Modern congress and entertainment infrastructure (including ICE Krakow Congress Airport - numberof passengers11m NATURAL ENVIRONMENT• 75 parks, 43 pocket parks 312(ABSL 2025)BSS sector- number of centres Green areas50,4%of the cities area Bike paths317km 107,800(ABSL 2025)BSS sector- number of employed OFFICE MARKET Krakow Q3 2025 Krakow remains the largest regional office market in Poland, with a total stockof 1.85m sq m, representing over 14% of the country’s overall office supply.Demand for office space continues to be robust, with Krakow recording the 1.85msqmExisting stock 56,000sq mSupplyunder construction SUPPLY 18.6%Vacancy rate In the first three quarters of 2025,, nearly 12,000 sq m of office space was completed inKrakow, delivered through two projects: Stella Office (9,900 sq m) and Kamienica Krakow(over 2,000 sq m). As a result, Krakow accounted for approximately 66% of all new office 12,000sq mNew supply Currently, more than 56,000 sq m of office space is under construction and will be graduallydelivered over the coming years. The largest project underway is the first phase of Tischnera TAKE-UP As of the end of September 2025, total leasing activity in Krakow reached nearly 204,000sq m, marking a 21% year-on-year increase. This was the highest volume among all regionalcities, accounting for 39% of total regional leasing activity and nearly double the volume Coworking operatorsin Krakow Renewals dominated the leasing structure, representing 68% of total activity, as tenantsremained cautious about costs related to fit-out and relocation. New leases accounted for At Office|Business Link|Chilliflex|CitySpace|Regus|Loftmill|Cluster Offices At the same time, tenant interest in sustainable buildings continues to grow. By the end of Q32025, 85% of total leasing volume was concentrated in buildings with green certifications,with 42% of that space located in properties holding the highest ratings, such as BREEAM Standard lease termsin new buildings VACANCY RATE The delivery of new office space combined with subdued demand in Q3 2025 led to anincrease in Krakow’s vacancy rate, which reached 18.6%. This represents a 1.3 pp risequarter-on-quarter, but a 0.3 pp decline year-on-year. Despite the recent uptick, strong 16.00-29.00Service chargePLN/sq m/month 1-1.75monthfor each contract yearRent-free period RENTS Headline rents in modern office buildings in Krakow remained stable in Q3 2025 comparedto the previous quarter, ranging from 10 to 18 EUR/sq m/month. In the most prestigiousbuildings located in central areas, rents exceeding the upper end of this range were 380.00-500.00Fit-out budgetEUR/sq m Office market in Poland HR PERSPECTIVE Michael Page Salary and LabourMarket Trends Review 2026: SalariesUnder the Microscope – The Labour Stability has returned to the Polish labour market, yet both employees and businesses have becomemore cautious. Double-digit pay rises when changing employers are now rare, and wage growthdepends largely on the role and market conditions. According to the Michael Page Talent Trends After a period of change andunpredictability, the Polish labourmarket has entered a phase of relativestability. Companies, operating amideconomic and geopolitical uncertaintyand lower inflation, are shapingtheir pay policies more cautiously. particularly in areas such as