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July 12, 2024

McKinsey & Co. to relocate Stamford office, 270 employees to Darien

CoStar McKinsey & Co.'s current office in Connecticut is located at Two Harbor Point Square in Stamford.

Business consulting giant McKinsey & Co. will relocate its Stamford office, which has 270 employees and is growing, to the small Fairfield County town of Darien.

McKinsey’s existing Connecticut office is at Two Harbor Point Square, a waterfront Class A commercial space located at 100 Washington Blvd.

A spokesperson for the company said the Stamford office will temporarily relocate in the fourth quarter of 2024 before formally moving to Darien’s Corbin District.

“As our Connecticut-based colleagues and clients have been innovating their work arrangements, to be closer to both we have made the decision to continue growing our team in Darien,” said Neil Grace, a spokesperson for McKinsey. “We’re eager to further develop our presence in Connecticut with this move.”

The Corbin District is a mixed-use development on 7 acres in downtown Darien, which will feature an array of stores, restaurants, offices and residences. It is being developed by Baywater Properties.

Contributed
A rendering of The Corbin District in Darien.

Bloomberg broke the news about McKinsey's move Thursday, noting that the wealthy town of Darien is quickly “becoming a miniature version of nearby Greenwich.”

Other financial companies that have recently taken space in the town’s growing downtown include Crestwood Advisors and Janney Montgomery Scott, according to Bloomberg.

Darien, which has a population of just over 20,000, is Connecticut’s wealthiest town with a median household income of $232,523, according to U.S. Census data.

Darien is seeking to attract bankers who want to stop commuting to New York City, according to Bloomberg.

Bucking a national trend of falling office values, Darien’s office leasing increased 164% last year, according to Bloomberg, citing data from CBRE Group Inc.

McKinsey, a privately held company, said it generated a record of about $16 billion in revenue in 2023.

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