Investment attractiveness of the city of Krakow

Strong Cities reports

Cities are changing dynamically. The number of investors and jobs is increasing, which also translates into the development of modern office space. As indicators describing the socio-economic situation of cities are constantly evolving, Knight Frank periodically prepares reports presenting key data on the investment attractiveness of the largest Polish cities, including Warsaw, Kraków, Łódź, Poznań, Silesia, Tricity and Wrocław.

Topics of the publications

The publications contain the most important information related to the investment attractiveness of individual cities. The reports provide an overview of the current situation on the office market, labour market trends and quality of life indicators. This material may be used for preliminary analysis by companies considering expansion into new markets and comparing different locations for their business operations.

The reports cover issues such as:

city attractiveness: facts and figures, city investment rankings, quality of life;
office market: supply and demand, headline rents, vacancy rates and office market trends;
labour market trends: HR perspective, talent availability and key trends influencing investment decisions.

Investment attractiveness of Kraków

After Warsaw, Kraków remains the second largest office market in Poland and the largest regional office market in the country. According to Knight Frank, the city offers 1.85 million sq m of modern office space, representing around 14% of Poland’s total office stock.

In Q1 2026, new office supply in Kraków remained limited, with one completed project delivering 8,000 sq m of space. Around 51,000 sq m of office space was under construction, including approximately 27,000 sq m scheduled for completion in 2026. Tenant activity was lower than in the record-breaking previous year, with total leasing volume reaching nearly 17,000 sq m in the first quarter of 2026. At the same time, headline rents remained stable, typically ranging between EUR 10 and EUR 18 per sq m per month, while the vacancy rate stood at 18.4%.

The report also highlights Kraków’s strong investment profile, high quality of life, well-developed business services sector and access to a large academic and talent base. The city is home to 17 universities, around 131,800 students and 312 business services centres employing 107,800 people, confirming its continued role as one of Poland’s key locations for investors.