Public Storage to Relocate Corporate HQ from California to Texas

Self-storage giant cites talent pool and growth in North Texas as reasons for move

Feb. 25, 2026 at 10:07pm

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Public Storage, the nation's largest self-storage company, announced it will be relocating its corporate headquarters from Southern California to Frisco, a Dallas suburb in North Texas. The move comes as the company has seen substantial growth in Texas in recent years and has found it easier to attract talent to its Dallas office compared to its California location.

Why it matters

This is the latest in a string of major companies moving their headquarters from California to Texas, attracted by the state's robust economy, growing population, and talent pool. The relocation of Public Storage's HQ is another sign of the ongoing shift of business activity and investment away from California and towards Texas.

The details

Public Storage, founded in California in 1972, currently owns and operates around 3,500 self-storage facilities across 40 states. The company reported revenue of nearly $3.8 billion in 2025 and is a member of the S&P 500. Executives cited the company's large Dallas office and the ability to attract talent there as key reasons for the headquarters move. Public Storage will maintain a presence in Glendale, California, but the corporate HQ function will be based in the new North Texas office.

  • Public Storage announced the headquarters relocation in February 2026.
  • Thomas Boyle will become the company's new CEO effective April 1, 2026.

The players

Public Storage

The nation's largest self-storage company, founded in California in 1972 and operating around 3,500 facilities across 40 states.

Thomas Boyle

The incoming CEO of Public Storage, effective April 1, 2026.

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What they’re saying

“Public Storage will relocate its corporate headquarters to North Dallas...benefiting from the depth of talent and innovation in that market, while maintaining a long-term presence in Glendale, California.”

— Public Storage

“Today our office in Dallas is our largest corporate presence. It makes sense to relocate the corporate headquarters name tag to that Dallas office. 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 going forward.”

— Thomas Boyle, Incoming CEO

What’s next

Public Storage plans to move into new office space in both the Frisco, Texas and Glendale, California areas as part of the headquarters relocation.

The takeaway

Public Storage's decision to move its corporate headquarters from California to Texas reflects the broader trend of businesses seeking to capitalize on Texas' strong economy, growing talent pool, and lower cost of living compared to California. This move is part of an ongoing shift of business activity and investment away from the West Coast and towards the South and Southwest.