Public Storage, long based in Glendale, California, is relocating its corporate headquarters to the Dallas–Fort Worth area in a strategic shift that reflects broader business trends favoring Texas over California. The company, the largest self-storage owner in the United States, said the move aligns with a leadership transition and long-term growth strategy.
Founded in Southern California in 1972, Public Storage has operated its headquarters in Glendale for more than 50 years. The relocation to Frisco, part of the booming North Texas metro area, marks a significant change for a company now running more than 3,500 facilities nationwide. Public Storage plans to maintain a presence in California even as its executive offices shift.
The decision coincides with major changes in senior leadership. Tom Boyle, the company’s chief financial and investment officer, is set to take over as CEO on April 1, 2026, succeeding Joe Russell, who is retiring after a decade in charge. A series of other executive promotions and new appointments were also announced as part of what Public Storage calls its “PS4.0” transformation aimed at accelerating growth, digital innovation and shareholder returns.
Public Storage and other corporate relocations highlight a growing trend of companies moving headquarters to Texas for its business climate, central location and access to talent. The Dallas-Fort Worth region has attracted numerous corporate headquarters in recent years, underscoring its rise as a national business hub.
For California, the move adds to a pattern of major firms rethinking their presence in the state—even as local operations and customer facilities remain. For investors and industry watchers, the Public Storage transition signals continued momentum in Texas’s competitive advantage in corporate relocation.
