KPMG is packing up its downtown digs and heading a few miles north, signing a major lease at the Proscenium on Peachtree and shifting its primary Atlanta office to Midtown. The move plants one of the city’s biggest professional-services players closer to Georgia Tech, transit and Midtown’s restaurant corridor, and it is one more signal that large tenants are favoring fresher, amenity-heavy towers over older central business district high-rises.
As reported by the Atlanta Business Chronicle, KPMG has signed a substantial office lease at the Proscenium and will vacate its space at Truist Plaza downtown. The outlet notes that the deal pairs with plans for the firm to grow its local headcount, but details like total square footage and a firm move-in date were not disclosed in the initial report.
The Proscenium and the space KPMG chose
The Proscenium is a 24-story Class A tower at 1170 Peachtree Street, with large floor plates of roughly 25,000 square feet and a recent slate of capital improvements that owners and brokers say are designed to lure major tenants, according to JLL and the building’s own marketing site. Promotional materials spotlight a fitness center, multi-room conference facilities and an outdoor gathering area, amenities that brokers say help companies recruit and retain staff, according to the building website.
The tower was acquired last year by a Cousins and Town Lane joint venture, and reports say the new owners are repositioning the asset to attract larger corporate occupiers as part of a broader push to keep Midtown’s top-tier buildings fully leased.
Why Midtown keeps winning
Brokers and market reports point to a familiar pattern in Atlanta’s office shuffle: a flight to quality. Companies are chasing modern lobbies, bigger unobstructed floor plates and proximity to talent pipelines, instead of staying put in older downtown inventory. KPMG had been reevaluating its Atlanta footprint for months, Connect CRE reported, and the Proscenium gives larger teams room to consolidate near Midtown’s growing list of amenities.
Market data from Cushman & Wakefield shows that Midtown’s supply of high-quality office space is relatively tight, which fuels competition for move-in-ready floors and helps explain why big-name tenants are gravitating toward refreshed Midtown buildings instead of hanging on to older downtown towers.
What it means for downtown
KPMG’s long-standing downtown presence is at Truist Plaza, and the firm’s office directory lists its address as 303 Peachtree Street NE. One more major tenant preparing to exit or shrink in the central business district adds pressure on aging towers to offer steeper concessions, carve up floors for smaller occupiers or rethink how surplus space gets used, a dynamic local coverage has been tracking for several years.
Those shifts ripple through the rest of downtown, affecting retailers, transit-oriented services and restaurants that rely heavily on daytime office traffic. A big-name departure rarely helps the lunchtime crowd.
The lease was first reported March 5, 2026, by the Atlanta Business Chronicle, and landlords, brokers and KPMG are expected to reveal square footage figures and build-out timelines as plans take shape. For Midtown, the deal is another sign that well-located, updated office space remains the hottest commodity on metro Atlanta’s reshuffled corporate map.
