What does third-party management with Public Storage cost?

Public Storage does not publish a fee schedule. It says its third-party management fees are the lowest in the industry, that its scale reduces marketing, repair, and maintenance costs through pooled resources and buying power, and that setup costs are lower than competitors. Owners are directed to contact the team for details.

Who staffs the property after a transition?

Public Storage says it typically places an experienced manager at the property to handle the transition, then hires and trains staff in its own system. Existing team members are allowed to apply for a position at Public Storage, but the company cannot guarantee they retain their position at the same property.

How long does it take to transition a facility?

The company says the process differs for each property but that integrating an existing location into the Public Storage revenue management system generally takes about two months. After that, owners receive financials monthly plus access to a dashboard showing the property's daily performance.

Storage managers

Public Storage Third-Party Management

Public Storage Advantage is the third-party management program of Public Storage. An owner keeps ownership of the facility and Public Storage takes over day-to-day operations, rebranding the property and running it on the company's own marketing, pricing, and operating systems.

What an owner gets is integration rather than a standalone service: the property is merged into the Public Storage revenue management system and assimilated across marketing, IT, finance, and pricing, with a designated property manager guiding the transition. Owners receive monthly financials plus a dashboard showing daily performance. Compensation from tenant insurance is based on occupancy rather than premiums collected, and the program markets an additional day of Sunday access hours as extra revenue. On staffing, Public Storage typically places an experienced manager at the property, then hires and trains staff in its system; existing employees may apply for Public Storage positions but are not guaranteed the same role at the same property.

Public Storage opened its first self-storage facility in 1972 and describes itself as the largest owner and operator of self-storage facilities in the world, with more than 170 million net rentable square feet on its company story page and more than 182 million net rentable square feet cited on the third-party management page. Its management FAQ says the company owns and manages more than 2,700 locations in 39 states. The company is a member of the S&P 500 and FT Global 500, its common and preferred stock trade on the New York Stock Exchange, and it reports over 5,000 team members.

No fee schedule, contract term, or minimum facility size is published; the program advertises the lowest management fee in the industry and directs owners to contact the team for details. Program enquiries go to 866-454-8454, separate from the consumer reservation line. Ask for the management fee, the insurance split, setup costs, and termination terms in writing.

Best for

Independent self-storage owners willing to rebrand and run their facility on the Public Storage platform and revenue management system. Owners who want to keep their own brand, staff, or pricing control should look elsewhere.

What they do

Third-party self-storage management
Rebranding a facility under the Public Storage name
Revenue management and pricing
National marketing and customer acquisition
Website and call centre reservations
On-site staffing, hiring, and training
Tenant insurance program with occupancy-based compensation
Monthly financial reporting and a daily performance dashboard
Transition and integration support

Details

Attribute	Value
Founded	1972
Ownership	Public
Team size	1,000+ employees

What stands out

Public Storage opened its first self-storage facility in 1972 and cites more than 182 million net rentable square feet.
Its third-party management FAQ says the company owns and manages more than 2,700 locations in 39 states.
Tenant insurance compensation is based on occupancy rather than premiums collected.
Integrating an existing facility into the Public Storage revenue management system generally takes about two months.
Public Storage is a member of the S&P 500, and its common and preferred stock trade on the New York Stock Exchange.

Common questions

What does third-party management with Public Storage cost?: Public Storage does not publish a fee schedule. It says its third-party management fees are the lowest in the industry, that its scale reduces marketing, repair, and maintenance costs through pooled resources and buying power, and that setup costs are lower than competitors. Owners are directed to contact the team for details.
Who staffs the property after a transition?: Public Storage says it typically places an experienced manager at the property to handle the transition, then hires and trains staff in its own system. Existing team members are allowed to apply for a position at Public Storage, but the company cannot guarantee they retain their position at the same property.
How long does it take to transition a facility?: The company says the process differs for each property but that integrating an existing location into the Public Storage revenue management system generally takes about two months. After that, owners receive financials monthly plus access to a dashboard showing the property's daily performance.