Market Overview

Public Storage Opens New Milpitas Storage Units in California


Public Storage (NYSE:PSA) opened more than 700 new indoor storage units
today in the Silicon Valley to help residents find space in the bustling
area. The new building is between existing Public Storage structures and
replaces a former vehicle storage lot.

This press release features multimedia. View the full release here:

More than 700 new storage units opened today at Public Storage at 1080 Pecten Court in Milpitas, CA  ...

More than 700 new storage units opened today at Public Storage at 1080 Pecten Court in Milpitas, CA 95035, bringing the total number of units at the facility to more than 1,200! (Photo: Business Wire)

These new units at Public
Storage 1080 Pecten Ct. Milpitas, CA 95035
bring the total count at
this location to more than 1,200. They are near the I-680 in a
well-traveled neighborhood, within walking distance of thousands of new
apartments and condos, as well as a planned Milpitas BART station. The
location is a convenient choice for new movers in the Silicon Valley and
Bay Area coming for job opportunities in the tech industry and other

San Francisco and San Jose have become the least affordable housing
markets in the country, according to the National
Association of Realtors
, and new movers are instead flocking to
smaller, slightly less expensive towns like Milpitas, which is just
north of San Jose. The city's population grew 16 percent in just six
years, according to U.S. Census data, and Public Storage is adding space
for its neighbors in need of more room.

The new units are all climate controlled and indoors, while some of the
existing units are located outside and have easy drive-up access.
There's a perfect-sized space for every mover!

For more information, visit the Public
Storage Blog
. Follow Public Storage on Facebook
and Twitter.

Company Information

We help customers in their time of need, whether moving, downsizing or
storing for business. Public Storage was founded in 1972 with a single
Southern California self-storage building. We've grown a bit since then,
to more than 2,392 locations around the country, making us the largest
in the business today and a member of the S&P 500. We offer self-storage
options of all shapes and sizes and the same personal attention from
on-site managers that we've been giving from day one. For stockholders,
we are a real estate investment trust, meaning we distribute a large
portion of revenue to public investors in the form of dividends. Learn
more about Public Storage at

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