Report – Office Market in Krakow H1 2026, Poland, March 2026, the most recent publication provided by AXI IMMO Research department experts in the AXI IMMO real estate agency, the largest Polish consulting firm on the commercial real estate market in Poland.

From this article, you will learn:

  • How did take-up for office space in Kraków performed in H1 2026?
  • Why the gap between Kraków’s city centre and non-central office locations is widening?
  • How limited new supply and rising vacancy are shaping market conditions?
  • How are occupier expectations changing, and what lies ahead for the Kraków office market?

    and much more.

Read the latest analysis and receive the full report “Office Market in Krakow H1 2026” in PDF format in your inbox.

Estimated reading time: 7 minutes

The Kraków office market in the first half of 2026 was shaped by lower occupier activity and limited new supply. Gross take-up totalled 73,000 sq m, representing a 58% year-on-year decline, while net take-up reached 36,000 sq m, down 27% y-o-y. According to AXI IMMO’s latest report, Office Market in Kraków H1 2026, the market is becoming increasingly polarised, with centrally located office buildings strengthening their competitive advantage over schemes in non-central locations.

Download report [EN]
Raport w języku polskim dostępny jest tutaj

Occupiers favour modern offices in prime locations

Manufacturing companies accounted for the largest share of demand at 31%, followed by the financial sector (20%) and IT companies (15%). Occupiers focused primarily on modern office space offering high-quality specification, convenient access to amenities and strong public transport connectivity.

The largest lease transaction recorded in H1 2026 was a new agreement signed by Brown Brothers Harriman for 13,700 sq m at WITA C. Other major transactions included Akamai’s lease renewal at Vinci Office Centre (5,400 sq m) and PepsiCo’s lease renewal combined with expansion at Brain Park A (5,400 sq m).

Expert’s comment – Karolina Słysz, Head of Regional Markets, AXI IMMO

Karolina Słysz, Head of Regional Markets, Office Agency, AXI IMMO

“The decline in take-up in H1 2026 compared with the same period of the previous year was inevitable, given the exceptionally high base, and the market was unable to sustain that pace of activity.

Despite lower occupier activity, Kraków remains the largest and most developed office market among Poland’s regional cities, while demand for modern office space in central locations continues to be strong”.

Karolina Słysz, Head of Regional Markets,
Office Department, AXI IMMO

Kraków remains Poland’s largest regional office market

At the end of June 2026, Kraków’s total modern office stock stood at 1.87 million sq m, maintaining its position as the largest regional office market in Poland. During the first six months of the year, developers delivered nearly 34,000 sq m of new office space, including two office buildings within Echo Investment’s mixed-use WITA development and Fabryczna Office Park B7, completed by Inter-Bud.

New office supply in Kraków remains limited

Development activity remains subdued. At the end of H1 2026, approximately 37,000 sq m of office space was under construction, representing a 45% decrease year on year. The largest project underway is Tischnera Green Park 1, while other schemes include Soneta and the refurbishment of Loft Park B.

Kraków office market: the gap between central and non-central locations widens

With occupier activity remaining below previous levels, vacancy continues to rise. At the end of H1 2026, the average vacancy rate in Kraków stood at 19.0%, up 1.7 percentage points year on year. The disparity between locations remains significant. The vacancy rate in the City Centre stood at 10.3%, compared with 21.9% in non-central zones, highlighting a widening divide within the market.

Expert’s comment – Elżbieta Golik, Associate Director, AXI IMMO

“The polarisation of Kraków’s office market is becoming increasingly evident.

Buildings located in the city centre, offering convenient access to a broad range of amenities and public transport, are proving significantly more attractive to occupiers than properties located outside the city’s main business zones”.

Elżbieta Golik, Associate Director,
Office Agency, AXI IMMO
Elżbieta Golik, Associate Director, Office Department AXI IMMO

Office rents in Kraków remain stable

Growing competition between office schemes has not yet materially affected rental levels. At the end of June 2026, asking rents in Kraków ranged between EUR 10.00 and EUR 19.00 per sq m per month, depending on location and building standard. The highest rents were recorded in the City Centre and in selected non-central buildings distinguished by the quality of their offering.

Quality and location to play an increasingly important role in leasing decisions

AXI IMMO experts expect the polarisation of Kraków’s office market to deepen further. Over the coming quarters, occupiers are likely to continue favouring the most attractive locations, driving further relocations and office space consolidation. At the same time, the quality of the working environment, access to amenities and overall employee experience will become increasingly important factors influencing leasing decisions.

Expert’s comment – Emilia Trofimiuk, Research Manager, Research Department, AXI IMMO

Emilia Trofimiuk AXI IMMO

“In the coming quarters, we expect occupier activity to increase gradually.

At the same time, the trend towards space consolidation and the search for offices better suited to hybrid working models will continue, particularly in the highest-quality schemes”.

Emilia Trofimiuk, Research Manager,
Research Department, AXI IMMO

About AXI IMMO

AXI IMMO offers comprehensive advisory services related to commercial real estate, including warehouse and office leasing and property management, real estate valuation, land acquisition, and sales. The firm also offers B2B and B2C supply chain management services. AXI IMMO’s greatest advantage is combining international business standards with deep local market knowledge.

AXI IMMO has received numerous awards, including Best Local Agency of the Year from 2012 to 2019 and 2021 in the CiJ Awards and Best Team in the Warehouse Sector in 2016–2017. In 2019 and 2023, the firm was the winner in the Local Agency category, and in 2024, it was named Advisor of the Year at the CEE Investment Awards. AXI IMMO was named Local Agent of the Year in 2023 and 2024 in the CEE region at the CEEQA awards. The firm’s most recent achievement is being named Advisor of the Year at the Prime Property Prize 2024.

The AXI IMMO’s Research Department team at AXI IMMO conducts regular market analyses and provides reports and publications on the commercial real estate market.

You might be interested in:

We invite you to read the full report – fill out the form to download the “Office Market in Krakow H1 2026” report.