Krakow remains the largest regional office market in Poland with a total stock of 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 highest take-up among regional cities as of the end of September 2025. However, the vacancy rate has increased to 18.6% due to substantial new supply entering the market.
Supply: In the first three quarters of 2025, nearly 12,000 sq m of office space was completed, with the largest project being the first phase of Tischnera Green Park (24,000 sq m). Over 56,000 sq m is under construction and will be delivered gradually over the coming years.
Take-up: Total leasing activity reached nearly 204,000 sq m in 2025, a 21% year-on-year increase, with most transactions concluded in Q2. Renewals dominated the leasing structure (68%), while new leases accounted for 26% and expansions for 6%. 85% of total leasing volume was in buildings with green certifications.
Vacancy Rate: The vacancy rate increased to 18.6%, driven by new supply, but strong take-up is expected to support market stability, with the vacancy rate likely to remain contained.
Rents: Headline rents in modern office buildings remained stable at 10 to 18 EUR/sq m/month, with higher rents observed in central prestigious buildings. Service charges also remained steady between PLN 16 and 29 per sq m/month.
Labour Market: The Polish labour market has entered a phase of relative stability with both employees and businesses becoming more cautious. Double-digit pay rises when changing employers are now rare, and wage growth depends largely on the role and market conditions. The most in-demand specialists include finance experts and IT professionals, particularly in cybersecurity and big data analytics. Recruitment processes have lengthened, and candidates are now less likely to change jobs for modest pay rises.
Quality of Life: Krakow offers a high quality of life, with cultural and entertainment opportunities, green spaces, and a strong educational sector. The city boasts the UNESCO World Heritage List designation for the Old Town and Wawel Hill, and is a UNESCO City of Literature. It also has a well-developed transport infrastructure and a growing number of coworking spaces.
