Public Storage Moves Headquarters from California to Texas

America's largest self-storage company cites talent pool and innovation as reasons for relocation from Glendale to Frisco.

Published on Feb. 25, 2026

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Public Storage, founded in 1972 in El Cajon, California, is moving its corporate headquarters from Glendale to Frisco, Texas. The company cited the 'depth of talent and innovation' in Texas as a key factor in the decision, with CEO H. Thomas Boyle suggesting the talent pool in the Lone Star State is better and the company has been able to fill more corporate positions at its Texas location.

Why it matters

Public Storage's move is the latest in a growing list of major businesses fleeing California for Texas, including SpaceX, Tesla, Chevron, Neutrogena and Realtor.com. This exodus highlights the challenges California faces in retaining top companies and talent, with factors like cost of living, regulations, and access to skilled workers playing a role in these decisions.

The details

Public Storage, America's biggest self-storage brand, will maintain a 'long-term presence' in Glendale, California, but is shifting its corporate headquarters to Frisco, Texas. The move comes as a new California senate bill, effective for agreements beginning in 2026, will regulate the state's self-storage industry by requiring disclosures of rent hikes in rental agreements. The California Self Storage Association, backed by Public Storage, had lobbied against the bill, arguing the industry's introductory rates, lack of background/financial checks, and month-to-month rentals benefit consumers.

  • Public Storage was founded in 1972 in El Cajon, California.
  • The company is moving its corporate headquarters from Glendale, California to Frisco, Texas.
  • The new California self-storage regulation bill will take effect at the start of 2026.

The players

Public Storage

America's largest self-storage company, founded in 1972 in El Cajon, California.

H. Thomas Boyle

CEO of Public Storage, who cited the 'depth of talent and innovation' in Texas as a key factor in the company's relocation decision.

California Self Storage Association

A group backed by Public Storage that lobbied against a new California senate bill regulating the self-storage industry.

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What they’re saying

“It's about finding the right talent across the country and building the team going forward, and we look forward to strong leadership in both offices.”

— H. Thomas Boyle, CEO, Public Storage (Los Angeles Times)

“We believe the advantages of what our industry offers in the way of introductory rates, no background or financial checks, month-to-month rentals, no deposits, etc., benefits the consumer and there is no need for governmental intervention.”

— California Self Storage Association (Los Angeles Times)

What’s next

The new California self-storage regulation bill will take effect at the start of 2026, which may further impact Public Storage's operations in the state.

The takeaway

Public Storage's decision to move its headquarters from California to Texas reflects the broader trend of major companies fleeing the Golden State, citing factors like talent pool, cost of living, and regulatory environment. This exodus poses challenges for California in retaining top businesses and talent, underscoring the state's need to address these concerns to remain competitive.