
rakow consistently remains one of the most important econo-mic centres in Poland, with its strength rooted in the effective In recent years, our economy has been undergoing a significant transforma-tion. The structure of the local labour market is evolving – within the businessservices sector, Krakow is moving away from a model based on simple proces-ses and is becoming a hub for advanced competencies and research and de- Our strength lies not only in a strong and mature modern business servicessector. Krakow also provides opportunities for growth across other segmentsof the real estate market, including retail, logistics, and hospitality. By presen- Aleksander MiszalskiMayor of the City of Krakow ALCHEMYOF KRAKOW ABOUT KRAKOW BUSINESS FACTS AND NUMBERS ◊312BSS centres◊107,800employees of BSS centres◊1.84m sq mtotal office space stock◊12,000 sq mnew supply in 2025◊59,000 sq mspace under construction◊270,000 sq mtake-up EDUCATION ◊17higher education institutions, ◊13,250academic personnel, including1,327with the title of fulland associate professor◊131,800students, including over8,600 foreigners GROWTH ◊250+start-ups in Krakow◊50+AI start-ups in Krakow◊62,000IT employees/specialists◊59%of start-ups were founded in the last 5 years◊37%of IT professionals have worked in hubs withover 1,000 employees◊2,800computer science graduates in Krakow each year◊2ndplaceon the start-up scene in Poland (after Warsaw)according toStartup Blink Report2024 AIRPORT ◊13.2mpassengers served in 2025◊160scheduled connections/118cities / 37 countries GREENERY ◊77parks◊44residents’ parks/26community gardens◊30 haflower meadows◊7beehives CULTURE ◊Krakow has been on the1st UNESCO World HeritageList since 1978◊UNESCO City of Literature◊Member of theUNESCO Creative Cities Network◊Seat of theEuropa Nostra Heritage Hubfor Central EVENTS ◊3,200seats inICE Krakow Congress Centre◊2ndplace out of 40 venues across Europein theMeetings Star Award 2024 PEOPLE ◊8 millionpeople within 100 km◊1.14min Krakow Metropolitan Area◊810,600Krakow residents included OFFICEMARKET development. New leases represented 31% oftotal take-up (down from 37% in 2024), whileexpansions increased to 6% (up from 2% a yearearlier). The rise in expansion activity, alongside Tenant preferences remain firmly focused onhigh-quality, future-proof assets. In 2025, 85%of leased space was transacted in buildingswith green certifications, despite such assetsaccounting for only 69% of Krakow’s totaloffice stock. This imbalance highlights the K rakow stands out as Poland’s leading regional office market, ranking first in bothtotal stock and leasing activity. In 2025, demand reached a historic peak, confirmingthe city’s status as a prime destination for occupiers. Driven by a deep talent pool anda powerhouse business services sector, and as one of Europe’s top BSS hubs, Krakowoffers resilient, future-proof fundamentals and a strong platform for long-term growth. TENANT PREFERENCES REMAIN FIRMLY FOCUSEDON HIGH-QUALITY, FUTURE-PROOF ASSETS TOTAL TAKE-UP IN KRAKOW for delivery in 2026, followed by afurther24,000 sq m in 2027, bringing the total volumeunder construction to just over 59,000 sq m.The largest ongoing projects include TischneraGreen Park (24,000 sq m), developed by take-up reached 269,500 sq m, the highestresult in the market’s history. Additionally,Krakow accounts for 35% of the total leasingvolume across all regional cities, underscoringits strong position on Poland’s office marketmap.Owing to its substantial supply of Robust demand, coupled with a constrainedsupply of new office space, contributed toa further reduction in vacancy rates. By theend of 2025, the overall vacancy rate stood sq m, making it the largest office market inPoland outside Warsaw. While the city’s officebasecontinues to expand,development New supply in 2025 was exceptionally limited,withjust 12,000 sq m of modern officespace delivered, the lowest level recordedin the past two decades. Completions were Developmentis concentrated outside thecity centre, where Krakow’s historic characterseverely limits new supply. The southern officezone remains the city’s core business district, In 2025, asking rents for office space in Krakowremained stable following increases in previousyears. In Class A buildings, rents range fromEUR 14.00 to 18.00/sq m/month, while in ClassB buildings they are lower, typically rangingfrom EUR 10.00 to 14.00/sq m/month, making As in recent years, renegotiations dominatedleasing activity in 2025, accounting for 63%of total take-up (171,000 sq m). This reflectsoccupiers’ ongoing focus on cost optimisation Krakow continues to be the most appealingregional rental market in Poland. In 2025, total The development pipeline also remains thin. OFFICE TAKE-UP HIT AN ALL-TIME HIGH IN 2025 ANNUAL NEW SUPPLY, TAKE-UP AND VACANCY RATE IN KRAKOW RETAILMARKET reporting vacancy rates close to zero.Between2020 and 2023,vacancy levelsdeclined steadily; however