JPMORGAN CHASE & CO
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
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Item 2. Properties
JPMorgan Chase’s headquarters is located in New York City at 383 Madison Avenue, a 47-story office building that it owns. The demolition of the Firm's former headquarters at 270 Park Avenue in New York City was completed in 2021, and construction of a new headquarters on the same site continues.
The Firm owned or leased facilities in the following locations at December 31, 2023.
| December 31, 2023(in millions) | Approximate square footage |
|---|---|
| United States(a) | |
| New York City, New York | |
| 383 Madison Avenue, New York, New York | 1.1 |
| All other New York City locations | 5.9 |
| Total New York City, New York | 7.0 |
| Other U.S. locations | |
| Columbus/Westerville, Ohio | 3.5 |
| Chicago, Illinois | 2.7 |
| Dallas/Plano/Fort Worth, Texas | 2.5 |
| Wilmington/Newark, Delaware | 2.2 |
| Houston, Texas | 1.6 |
| Jersey City, New Jersey | 1.4 |
| Phoenix/Tempe, Arizona | 1.3 |
| All other U.S. locations | 34.5 |
| Total United States | 56.7 |
| Europe, the Middle East and Africa (“EMEA”) | |
| 25 Bank Street, London, U.K. | 1.4 |
| All other U.K. locations | 2.4 |
| All other EMEA locations | 1.5 |
| Total EMEA | 5.3 |
| Asia-Pacific, Latin America and Canada | |
| India | 5.8 |
| Philippines | 1.7 |
| All other locations | 2.8 |
| Total Asia-Pacific, Latin America and Canada | 10.3 |
| Total | 72.3 |
(a)At December 31, 2023, the Firm owned or leased 4,897 retail branches in 48 states and Washington D.C.
The premises and facilities occupied by JPMorgan Chase are collectively used across all of the Firm’s business segments and for corporate purposes. JPMorgan Chase continues to evaluate its current and projected space requirements and may determine from time to time that certain of its properties (including the premises and facilities noted
above) are no longer necessary for its operations. There is no assurance that the Firm will be able to dispose of any such excess properties, premises or facilities, or that it will not incur costs in connection with such dispositions. Such disposition costs may be material to the Firm’s results of operations in a given period. Refer to the Consolidated Results of Operations on pages 54–57 for information on occupancy expense.
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