KPMG plans to leave its longtime home at 1601 Market St. next year and relocate to new offices at 1735 Market, reducing its space by 38% in the process.

The Big 4 accounting firm will make the move when its lease at 1601 Market expires on June 30, 2024. It currently occupies 134,000 square feet but will downsize to just 97,000 at 1735 Market, also known as the BNY Mellon Bank Center. It will take the entire third, fourth and sixth floors in the 54-story building.

KPMG declined to provide the length of the lease but did say it has flexibility to grow or shrink its space over time.

*Article courtesy of Philadelphia Business Journal

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