Kraków’s office stock increased by more than 15 percent y-o-y to more than 1.3 million sqm at the end of the first quarter of this year. Many companies are relocating closer to the city center to be more attractive to current and future employees benefiting from easier access to public transportation and more service and entertainment options, said Artur Sutor, partner and head of the office department at Cresa Poland. “Occupier interest in flexible office is also rising. This is exemplified by the expansion of a Polish firm Rise, which has already established a presence at Kraków’s three office complexes. In addition, Business Link’s coworking space at High Five is very popular nowadays,” he added. At the end of March 2019, the city’s vacancy rate stood at 10.1 percent, up by 1.5 percent on the previous quarter.
