KPMG LLP Reducing U.S. HQ by Over 40% in Move to Manhattan West

The under construction Two Manhattan West tower within the 5-building complex will be welcoming a big block tenant to its roster, having attracted global audit and consulting firm KPMG LLP. However, the recent lease signing for 456,000 square feet represents a more than 40% reduction of the company’s U.S. headquarters. Currently occupying roughly 800,000 square feet at three Midtown office buildings — current headquarters at 345 Park Avenue, 460 Lexington Avenue, and 1350 Sixth Avenue, the move slated for some time in 2025 will enable KPMG to consolidate in a smaller space spread across 12 floors as it embraces hybrid work; and although not initially planning to significantly reduce its space when launching a search for a new Manhattan office in 2018, the pandemic changed that. Full details of the deal were not released.