Public Storage, the world’s largest self-storage provider, is relocating its headquarters from Glendale, California, to Frisco, Texas, after over 50 years. This move aligns with a trend of major companies leaving California, with the incoming CEO citing Texas’s “depth of talent and innovation” and advancements in digital and AI as key motivators. While a presence will remain in Glendale, the primary corporate operations are shifting, prompting scrutiny from investors regarding the impact of digital and AI advancements on the company, and renewed pressure on California lawmakers due to the continuing departure of major corporations.
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Public Storage mving headquarters from California to Texas after 50+ years
Public Storage, the world’s largest self-storage provider, is relocating its headquarters from Glendale, California, to Frisco, Texas, after over 50 years. This move aligns with a trend of major companies leaving California, with the incoming CEO citing Texas’s “depth of talent and innovation” and advancements in digital and AI as key motivators. While a presence will remain in Glendale, the primary corporate operations are shifting, prompting scrutiny from investors regarding the impact of digital and AI advancements on the company, and renewed pressure on California lawmakers due to the continuing departure of major corporations.