PwC Commits to Future in Downtown Seattle with Signing of Long-term Lease

SEATTLE, July 31, 2014 – PwC US today announced the firm’s commitment to its future in downtown Seattle by signing a 12-year lease in their current location, the US Bank Centre, located at 1420 Fifth Avenue. Seattle-based PwC professionals will make their move into two new floors of the facility in early 2015. PwC has had a presence in downtown Seattle since the city’s renaissance in 1907, when Price Waterhouse opened their first Pacific Northwest office.

"We're excited to see PwC commit to the future of Seattle. The increasingly common decision to stay in the downtown core is a great indicator of the ongoing vitality of the city and that our innovative work on the issues of transportation, public safety and creating a culture of bold persistent experimentation is continuing to strengthen the market,” said Mayor Ed Murray.

PwC sought new space in response to both their existing needs as well as the strong growth anticipated in the Pacific Northwest. The professional services firm is optimistic about its long-term growth prospects in the region and intends to continue increasing its employment base as the growth of their Seattle office continues its upward trajectory.

“We see an incredible future in Seattle and are excited to continue our legacy of providing quality services to our clients in the market,” said Kevin Baldwin, managing partner of PwC's Pacific Northwest market. “We also plan to continue to expand our work in the community, with a particular focus on improving the financial literacy of our youth through our support of local schools and nonprofit organizations.”

The office will be equipped with state-of-the-art technology, including the latest media sharing and collaboration tools. The interior office space is being designed to attain LEED Silver status. In addition, the new layout has been specifically designed to feature highly collaborative and unique workspaces in response to key findings from PwC’s NextGen Study. The study found that millennials place a high priority on workplace culture and desire a work environment that emphasizes both teamwork and a sense of community. Baldwin noted that the layout of the new space will also enhance knowledge sharing and cater to the mobile worker.

“As our business and that of our clients continues to evolve, we recognize that technology and tomorrow’s talent base will change the way we work,” added Baldwin. “The new office design reflects this, emphasizing teaming, personal flexibility and efficiency.”

When selecting the location, PwC considered where its clients are located, as well as where its people live, including traffic and commuting options. Prior to committing to the US Bank Centre, PwC evaluated a number of options throughout the metropolitan area, but found the surrounding neighborhood and convenience to amenities such as a number of dining options, fitness centers, retail and hotels favored the existing building location.

Baldwin concluded “The city’s confluence of talent, technology and its incredible culture and growth narrative have convinced us that Seattle, and more specifically downtown Seattle, will continue to be an ideal environment for our people to thrive.”

 

About PwC US

PwC US helps organizations and individuals create the value they're looking for.  We're a member of the PwC network of firms in 158 countries with more than 180,000 people.  We're committed to delivering quality in assurance, tax and advisory services.  Tell us what matters to you and find out more by visiting us at www.pwc.com/US.

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© 2014 PricewaterhouseCoopers LLP, a Delaware limited liability partnership. All rights reserved. PwC refers to the US member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.

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