"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. Public Storage attributed its move to the depth of talent and innovation in Texas, with the company successfully filling more corporate positions at its Texas location than in California."
"Public Storage, founded in 1972 in El Cajon, is moving its corporate headquarters from Glendale to Frisco, Texas, in suburban Dallas. America's biggest self-storage brand joins a host of companies - including SpaceX, Tesla, Chevron, Neutrogena and Realtor.com - to abandon California for greener pastures."
"A new senate bill, effective for agreements beginning at the start of 2026, regulates California's self-storage industry by requiring disclosures of rent hikes in rental agreements. It was initially proposed to place price caps on the state's self-storage industry, with a group backed by Public Storage lobbying against the measure."
Public Storage, America's largest self-storage company founded in 1972, is moving its corporate headquarters from Glendale, California to Frisco, Texas. The company attributes the relocation to superior talent pools and innovation opportunities in Texas, noting success filling corporate positions at its Texas location. CEO H. Thomas Boyle will transition to the role on April 1, replacing outgoing CEO Joe Russell. Public Storage joins a significant exodus of major corporations from California, including SpaceX, Tesla, Chevron, Neutrogena, and Realtor.com. The company will maintain a long-term presence in Glendale. This move occurs amid California regulatory changes affecting the self-storage industry, including new disclosure requirements for rent increases effective in 2026.
#corporate-relocation #california-business-exodus #texas-economic-growth #self-storage-industry #regulatory-impact
Read at California Post
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