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

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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

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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