The progressive development of shopping centers in the world affects the urban structure of cities. These facilities are constantly evolving, which also entails changes in the way their vicinity is shaped. In this context, this article deals with the trend in the way of locating and developing shopping center areas, showing the changes taking place over the years. The subject of investigations are the areas of Kraków’s shopping centers—their spatial distribution and the way the land is developed. The aim of the research was to characterize and assess the spatial development of the analyzed shopping centers, to determine the trends in the location and characteristic urban indicators. This made it possible to verify whether possible changes in the way new investments of this type are shaped should be sought in order to improve the quality of the urban environment. To assess the spatial distribution of shopping centers, standard deviation ellipse analysis was used, as well as the nearest neighbor method. In order to determine the parameters of development of shopping centers, basic urban indicators were used, i.e., building plot ratio (BPR), floor area ratio (FAR), and green plot ratio (GPR). Spatial analysis was performed using QGIS software. Studies have shown that brownfield investments are scattered along the north–south axis of the city, while greenfield investments are located at a greater distance from its central area. Over the years, there has been a gradual concentration of shopping centers, but they are still characterized by dispersion. The results of analyses of changes in the land development of their areas indicate that over the years there has been an imperceptible trend of creating objects occupying an increasing part of the investment plot. In turn, the share of total leaf area of greenery is slightly reduced. With the increase in distance from the city center, indicators regarding the floor area and gross floor area of shopping centers are clearly decreasing. On the other hand, the share of greenery increases mildly, although this index remains at a level not exceeding 20%. These results indicate the need to take action to enforce a greater share of greenery within the areas of shopping centers and the need to care for the quality of their surroundings in order to ensure sustainable spatial development of the city.