September 24, 2022

ICYMI: KPMG Is Downsizing Its NYC Digs Big Time

close up of a person carrying moving boxes

KPMG announced last week it will relocate its headquarters to Two Manhattan West, a new building in Midtown Manhattan’s West Side slated for completion in 2023. The new digs mean a huge 40% reduction in NYC office space, signaling the firm expects hybrid work to persist for the foreseeable future and then some (sorry, Boomers).

From the press release:

When construction on KPMG’s new space at Two Manhattan West – part of Brookfield Properties’ Manhattan West neighborhood – is completed in late 2025, it will provide the firm’s 5,500+ New York-based partners and professionals with an enhanced workplace experience through an innovative and sustainable design that fosters collaboration.

“KPMG has been based in New York since our inception on August 2, 1897, and we are proud to show our continuing commitment to this great city with our exciting new headquarters in Two Manhattan West in the vibrant Manhattan West neighborhood,” said Paul Knopp, KPMG U.S. Chair and CEO. “As we celebrate our 125th anniversary and think about our firm’s future, this is an incredible opportunity to bring our people together in a custom-designed office space that will showcase our firm’s commitment to culture, innovation, wellness and sustainability.”

“Our new headquarters space will be designed for the evolving needs and expectations of our professionals and clients with a modern, efficient and flexible space that will drive connection, collaboration and innovation,” said Yesenia Scheker Izquierdo, KPMG New York Office Managing Partner and Market Hub Leader. “This exciting new building is emblematic of our dedication to New York, and it embodies our New York spirit and the forward momentum of our people as we serve clients in the New York metro area well into the future.”

Of note: this lease is the largest office deal to close in New York City so far this year. KPMG’s future spot features energy-efficient design, optimization of electrical service performance, sustainable materials, maximization of natural light, stormwater harvesting and recycling and the latest in indoor air quality. The 58-story, 1.9 million square foot skyscraper is currently under construction.

Let’s check out some pics from developer Brookfield Properties. Keep in mind these aren’t KPMG’s actual office, we won’t be seeing that for a few years.

Two Manhattan West outside by developer Brookfield Properties

Two Manhattan West interior by developer Brookfield Properties

Two Manhattan West interior by developer Brookfield Properties

Two Manhattan West interior by developer Brookfield Properties

Not bad, not bad.

KPMG to Cut Manhattan Office Space in Move to New U.S. Headquarters at Hudson Yards [Wall Street Journal]

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