

Alchemy of Krakow
TRADITION & MODERNITY
Kraków is one of the most rapidly developing cities in Poland, successfully combining its historical heritage with a modern, innovation‑driven economy. As a leading academic hub, home to prestigious institutions such as the Jagiellonian University, AGH University of Science and Technology and the Cracow University of Technology, the city attracts a steady inflow of skilled students and professionals, creating a strong and sustainable talent pipeline for businesses.
Kraków’s competitive edge is further reinforced by a dynamic IT and business services sector, a growing creative industry, and a well‑established tourism base. This diversified economic structure enhances the city’s resilience to market fluctuations and supports long‑term, stable growth across commercial real estate segments.
In recent years, Kraków has consistently invested in transport infrastructure, sustainability initiatives and technological innovation aimed at improving overall quality of life. These strategic developments strengthen the city’s position as an attractive destination for living, working and conducting business, while simultaneously creating favourable conditions for continued expansion across the office, retail, logistics and hospitality property markets.
Key sectors
RESULTS & TRENDS
OFFICE
MARKET
RETAIL
MARKET
WAREHOUSE
MARKET
HOTEL
MARKET
LIVING
MARKET
INVESTMENT
MARKET
ABOUT KRAKOW
Meet our experts
CONTACT US
Dorota Lachowska
Head of Research
M. +48 601 518 654
e-mail: dorota.lachowska@pl.knightfrank.com
Monika Sułdecka-Karaś
Partner, Regional Director
M. +48 605 355 620
e-mail:
monika.suldecka@pl.knightfrank.com
Dominika Urbańska
Manager
Department for Entrepreneurship
and Innovation
Investors and Innovative Economy
Support Centre
e-mail: dominika.urbanska@um.krakow.pl
GRAPHIC CONCEPT OF THE REPORT
For centuries, Krakow has been a city of legends. One of the most enduring tales tells the story of Pan Twardowski (Mr. Twardowski) – a nobleman who outwitted the devil himself, becoming a symbol of negotiation, ingenuity, and courage. For generations, this tale has helped shape Krakow’s unique identity – a city of imagination, intelligence, and enterprise.
The motif on the cover pays tribute to this story and serves as a metaphor for a market that is unafraid of challenges and capable of turning risk into growth. Much like the legend, Krakow’s commercial real estate market has many dimensions – we invite you to discover them.
Let us see together where the story will lead us in 2026.
Knight Frank is the leading independent global property consultancy. Headquartered in London, Knight Frank has more than 21,000 people operating from 600 offices across over 50 territories. The Group advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants. For further information about the Company, please visit knightfrank.com.pl