Public Storage is the latest company to leave California for Texas - Los Angeles Times

Los Angeles Times

by Iris Kwok

February 24, 2026

AI-Generated Deep Dive Summary

Public Storage, a leading self-storage company, has decided to move its headquarters from Glendale, California, to Frisco, Texas, following more than 50 years of operations in California. The company stated that this move is primarily driven by logistical considerations and the goal of accessing a deeper pool of talent and innovation in Texas. The transition is part of a broader reorganization aimed at strengthening the company's operational efficiency. The decision to relocate was announced before an earnings call, with incoming CEO H. Thomas Boyle explaining that corporate job openings had increasingly been filled by candidates in Texas. The company operates over 3,500 facilities across 40 states and employs more than 5,000 people. While the headquarters will shift, the company intends to maintain strong leadership in both its current California office and the new Texas location. This trend of companies leaving California for Texas is not isolated. Since 2014, numerous businesses have made similar moves, often citing high costs, taxes, and regulatory environments in California as key factors. For instance, last year saw the hair care company John Paul Mitchell Systems relocate to Texas, following in the footsteps of other major corporations like Chevron and Tesla. The move by Public Storage comes shortly after Senate Bill 709 took effect in California, which aimed to impose price caps on self-storage facilities but was ultimately scaled back to a transparency law requiring rent hike disclosures. The California Self Storage Assn., a primary funder of which is

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Originally published on Los Angeles Times on 2/24/2026