KPMG Moves Into New, Hybrid-Friendly Offices

Why It Matters

The relocation signals strong confidence in downtown LA’s commercial real‑estate rebound and underscores the growing demand for hybrid‑ready office environments among professional services firms.

Key Takeaways

• KPMG becomes largest tenant in U.S. Bank Tower, 65k sq ft.
• New office emphasizes hybrid work with collaboration zones and tech upgrades.
• 12‑year lease shows long‑term confidence in downtown LA commercial market.
• El Segundo 40k‑sq‑ft space targets aerospace, defense, private‑equity clients.
• Silverstein’s upgrades to U.S. Bank Tower influenced KPMG’s relocation decision.

Pulse Analysis

Hybrid work has moved from a pandemic stopgap to a permanent operating model for many professional services firms. KPMG’s new downtown LA headquarters reflects that shift, featuring modular workstations, project rooms and integrated video‑conferencing tools that blur the line between remote and on‑site collaboration. By investing in a purpose‑built environment, the firm not only boosts employee productivity but also signals to clients that it can deliver seamless, in‑person service when needed, a competitive edge in a market where face‑to‑face interaction remains valued.

The decision also highlights a broader revival in Los Angeles’ commercial real‑estate sector. After years of vacancy and rent declines, landmark upgrades by owners like Silverstein Properties have revitalized premium office assets, attracting marquee tenants such as KPMG. The 12‑year, 65,000‑square‑foot lease demonstrates confidence in the city’s long‑term demand, especially as corporations seek locations that combine modern infrastructure with proximity to municipal and corporate headquarters.

KPMG’s parallel expansion into El Segundo underscores a strategic diversification of its footprint. The 40,000‑square‑foot space places the firm at the heart of a burgeoning aerospace and defense hub, facilitating rapid client visits and deeper industry engagement. This two‑pronged approach—maintaining a high‑visibility downtown presence while embedding itself in a specialized suburban cluster—illustrates how large accounting firms are reconfiguring their real‑estate portfolios to balance brand visibility, talent attraction, and client service efficiency.