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Articles - Kraków

Golden Star Estate leases 40,000 sqm of offices – strong results after three quarters

Golden Star Estate has successfully leased 40,000 sqm of office space in its Polish portfolio during the first three quarters of 2025. The result, achieved through 11 long-term lease agreements, confirms the company’s strong position in the Polish market. Among the transactions was a record-breaking renewal of 22,800 sqm at DOT Park in Kraków by Shell – the largest single office lease in the city’s history.

NAOS joins The Park Kraków – 94% of building B1 now leased

White Star Real Estate and Cain International welcome NAOS, the company behind Bioderma, Institut Esthederm and Etat Pur, to the tenant community of The Park Kraków. NAOS will occupy over 800 sqm in building B1, bringing its occupancy level to 94%. The Park Kraków is a Class A office campus with a BREEAM Excellent certificate, designed in line with biophilic principles to support employee comfort and wellbeing.

Echo Investment with record-breaking deals and new projects – offices and residential investments drive the Group’s growth

Echo Investment with a record-breaking half-year! The largest PRS deal in Poland’s history – the sale of Resi4Rent projects for PLN 2.4 billion – and the disposal of shares in Office House for over €160.5 million strengthen the Group’s market position. Echo continues to grow its office portfolio in Warsaw, Kraków and Wrocław, reaching nearly 90,000 sq m of modern space.

Return to offices. Regional markets record strong demand

Companies in Poland are once again expanding their office footprints, with demand for modern workspace growing at an impressive pace. “Regional cities are outpacing Warsaw in terms of tenant activity and the number of projects under development,” says Mateusz Strzelecki, Partner / Head of Tenant Representation at Walter Herz. According to the firm’s analysis, nearly 400,000 sqm of office space was leased in regional markets in H1 2025 – a year-on-year increase of more than 50%.

Stella secures first tenants as Kraków welcomes a new premium office building

The Stella office building in Kraków, developed by Grupa Zasada, has secured its first tenants even before completion. Premium delicatessen Galeria Smaku u Jacka will open on the ground floor, while another tenant has leased two office floors – their name remains confidential for now. The leasing process is led by Knight Frank. In total, nearly 2,500 sqm have already been leased, highlighting strong interest in this premium development on Kraków’s office market.

Kraków leads Poland’s office market – record demand and falling vacancy in H1 2025

Kraków is strengthening its position as the leading regional office market in Poland. According to Savills, demand in the first half of 2025 reached 172,000 sqm – up by an impressive 85% year-on-year. With zero new supply and limited developer activity, the city’s vacancy rate dropped to 17.3%, and in the very centre to just 7%. The result? Rising rental rates and growing competition for the best office space.

Promotions strengthen Golden Star Group’s Polish team

Golden Star Group, an international real estate investor, is reinforcing its operations in Poland. Paweł Moczybroda has been promoted to Group Chief Financial Officer, while Ewa Dragunajtys has taken on the role of Head of Asset Management. These appointments aim to support the growth of the company’s office portfolio, which includes Konstruktorska Business Center, Oxygen Park, JK 55 in Warsaw, and DOT Park in Kraków.

Boom in flexible offices – Poland’s flex market is accelerating

Poland’s flexible office market is expanding rapidly and is expected to gain even more momentum in the coming years – observes Mateusz Strzelecki, Partner and Head of Tenant Representation at Walter Herz. More and more companies are choosing flex spaces as a strategic alternative to traditional offices, attracted by their scalability and predictable costs.

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