El Segundo's Commercial Landscape Poised for Significant 2026 Expansion, Anchored by KPMG Relocation

El Segundo, CA – The city of El Segundo is on the cusp of a notable transformation in its commercial real estate sector, with significant developments anticipated to reshape its economic landscape by 2026. This forward-looking perspective was recently highlighted in a concise social media post by Augustus Doricko, a Real Estate Development Intern at Continental Development Corporation, who tweeted, "El Segundo in 2023 vs El Segundo 2026," implying substantial changes.

The anticipated shift is exemplified by accounting giant KPMG's strategic decision to expand its Los Angeles-area presence by establishing a new office in El Segundo by Summer 2026. This move will see KPMG lease 50,000 square feet at the Plaza at Continental Park, a development likely familiar to Doricko given his affiliation with Continental Development Corporation. This expansion underscores a growing trend of major firms choosing El Segundo for its evolving business environment.

Beyond KPMG, the city is experiencing a wave of urban development projects set to reach completion in the coming years. Approved projects include a data center expansion at 444 North Nash Street, anticipated by the end of 2024, and a new drive-thru Starbucks within the Nash Street Exchange retail development, also slated for completion by late 2024. Additionally, the LA Times Gallery and Archive Building and a new 10-story office building at 2180 East Grand Avenue are both under construction with expected completion in 2025.

These projects contribute to a broader narrative of El Segundo's ongoing evolution, moving from a traditional industrial and aerospace hub to a more diversified commercial center. The city's planning division lists numerous other approved and pending projects, indicating a sustained period of growth and redevelopment. Such developments are expected to attract new businesses and residents, further altering the city's character and economic profile between 2023 and 2026.

The comparison drawn by Augustus Doricko, from his vantage point within the real estate development sector, points to a period of dynamic change for El Segundo. The influx of new commercial spaces and the completion of various infrastructure and building projects are set to redefine the city's identity and capabilities in the near future.