Leaving California: Public Storage Relocates HQ from California to Texas

After more than 50 years in Glendale, California, Public Storage is relocating its headquarters to Frisco, Texas near Dallas. The company said the relocation to Texas is part of a broader strategy to enhance growth and leverage the talent and innovation available in the Lone Star State, while still maintaining a presence in California.

They are not alone moving headquarters out of California.

California has seen a trend of corporate headquarters moves, even as many companies retain significant operations in the state. A headquarters relocation often signals where executive leadership, finance functions and future expansion plans will increasingly be concentrated.

Public Storage owned and/or operated 3,533 self-storage facilities located in 40 states with approximately 258 million net rentable square feet in the United States, as of December 31, 2025.

In a statement, the storage company said, “Customer expectations have fundamentally changed. Today’s customers expect fast, seamless, and quality experiences. To meet and exceed these expectations, Public Storage is launching PS Next, the Company’s next-generation operating platform. PS Next combines the industry’s leading owned-property portfolio with the only scaled omni-channel digital-first platform, advanced data science, and exceptional in-store property managers and customer care agents, which together deliver exactly what customers need, when they need it.”

“The news comes shortly after Senate Bill 709 (by Sen. Caroline Menjivar, D-Van Nuys) took effect at the start of the year. The bill was designed to place price caps on California’s self-storage industry but was scaled back to a transparency law requiring disclosures of rent hikes in rental agreements,” the Los Angeles Times reported. “The California Self Storage Assn., of which Public Storage is a funder, heavily lobbied against the bill.”

Gee, I wonder why The California Self Storage Association lobbied against a Democrat bill regulating its rental agreements. If Public Storage had any unlawful practices, California’s trial attorneys would have already litigated the case.

Notably, the Times acknowledges that California has been losing more companies than it’s been gaining since 2014, many to Texas… because of a regulatory environment antithetical to business practices.

As the Globe just reported this week, the Fairfield Jelly Belly plant announced it will lay off 69 employees as part of a planned consolidation of administrative services at its out-of-state headquarters. Jelly Belly will be consolidating their administrative offices out of California.

Jelly Belly said the 69 layoffs will not affect its manufacturing, warehousing or Visit Center jobs, the East Bay Times reported.

California is losing more workers than it’s gaining, new report shows, the Globe reported Nov. 26th. “Businesses are leaving because it is no longer economically feasible for them to stay within California,” the Hoover Institute says. “Businesses that remain in California are hiring much less, and California now has the country’s second highest unemployment rate,” according to the Bureau of Labor Statistics, Nov. 19, 2024.

Public Storage Board Member Tom Boyle commented, “The opportunity ahead for Public Storage has never been stronger. This Company has a proven ability to outperform through cycles, deliver industry-leading margins driven by digital and AI advancement, and scale accretively in a fragmented landscape. The target is clear: enhanced customer experience, winning employee culture, accelerated value creation and compounding shareholder outperformance. I am energized by the leadership and platform that we are building within Public Storage to lead our industry’s next era.”

And they will be in Texas making this happen.