An overview of key trends in supply, demand, vacancy and rents in the market for modern office space in Krakow at the end of 2025, along with an assessment of tenant activity and market development prospects.
Spotlight: Kraków Office Market Q4 2025
Report summary
Office stock reached 1.84 million sqm, with very limited new supply (11,900 sq. ft. ) and a moderate area under construction (55,400 sq. ft. ). At the same time, demand rose to record highs 269,500 sq. ft. (+1% y/y), driven mainly by renegotiations (63%), confirming the growing importance of lease flexibility and cost optimization.
The vacancy rate fell to 18.4% (-60 bps y/y), but most of the vacant space remains in older buildings, while modern projects – especially in the center – are almost fully leased. Net absorption amounted to 20,800 sq. ft. (-39% y/y). Rents in A-class offices are at EUR 14.00-18.00/m²/month. (occasionally above EUR 20), with operating costs of PLN 20-30/m²/month.
Key data
55,400 m²
Space Under Construction
63%
Share of renegotiations in the city
18.4%
Vacancy Rate