As reported by San Francisco Chronicle, KPMG is downsizing its San Francisco office space when its lease runs out at 55 2nd Street where the firm occupies 138,000 square feet.
Wrote SFC:
The deal comes after KPMG in March moved to extend its lease at its current office at 55 Second St., which it has occupied since 2003, on a short-term basis of less than three years. Its future home is located two blocks south, near Salesforce Park.
“Our planned move not only reaffirms our longstanding commitment to the city of San Francisco but also demonstrates our dedication to investing in both our people and capabilities to deliver the most innovative solutions to our clients,” said KPMG’s Chris Cimino, a managing partner in San Francisco, in a statement. “This new building, including nearly 100,000 square feet of space for our teams, will provide a superior in-office experience and foster collaboration and creativity.”
The new office will be 100,000 square feet at 505 Howard St, pictured here on Google Street View:
Look how much cleaner those curbs are at the new spot. We wouldn’t recommend eating off of them — it’s San Francisco after all — but they sure are surprisingly sparkly for downtown.
A spokesperson told the paper the new, smaller space is “consistent with market trends” and “best suited for our people and our clients.”
As far as we know, most of KPMG is operating a roughly 3-day in office hybrid model. The 1,000 people working at KPMG San Francisco will be building neighbors with Intuit, who will be taking possession of about 36,500 square feet in January 2025.
Terms of the lease weren’t disclosed.
Bonus Google reviews of KPMG San Francisco since we happened to be on Google Maps anyway:
KPMG is downsizing its San Francisco office. Here’s where the accounting giant is moving [San Francisco Chronicle]