Below you will find answers to the most frequently asked questions pertaining to PS Business Parks and our services. If you need further assistance or can’t find an answer to your question on our FAQs page, please contact Customer Service.
PS Business Parks was organized in 1986 as a division of Public Storage, the mini-warehouse company, which, in the process of growing its business, occasionally encountered “unique” situations. According to Wayne Hughes, the founder of Public Storage, “We had some great pieces of property, but there were some zoning and planning commissions that wouldn’t let us build self-storage facilities on these prime pieces of real estate without some kind of buffer. So in the early 1980’s we put up other types of businesses on these properties, in front of our mini-warehouse structures.” These developments included retail properties, industrial parks and garden office complexes. The development and management of these new properties proved so successful for Public Storage that the PS Business Parks division was eventually spun off as a separate public company in early 1998.
PS Business Parks started in 1998 with approximately 5 million square feet of leasable space. It now has in excess of 28 million square feet with plans to grow.
PS Business Parks focuses on office, warehouse and office/warehouse space – a combination of space types that can accommodate a wide variety of businesses. The majority of our spaces are between 1,000 and 5,000 square feet, making PS Business Parks the perfect home for “small business America,” mom-and-pops, start-ups and any business looking for the ability to expand and grow. We also have spaces in excess of 20,000 square feet that are home to some of the biggest brands in the country as well as portions of the United States Government.
PS Business Parks also offers location advantages, with most properties in high-population growth markets that are near decision-maker housing, freeways, airports and public transportation.
According to REIT.com, a REIT (Real Estate Investment Trust) is a business “that owns or finances income-producing real estate.” The business model is similar to a mutual fund, using diverse properties instead of stocks to mitigate risk. REITs provide regular income streams, diversification and long-term appreciation for investors of all types.
PS Business Parks is available to take your messages 24/7. Call your local office directly to contact us or leave a message for your Property Manager or Leasing Director. If you don’t have that number available, call the number at the top of this page and you will be prompted to your office. If time isn’t of the essence, drop us a line through our Comment Page.
Information regarding PS Business Parks stock and SEC Filings can be found in our Investor Relations Section.
Please use our Comments Page to let us know how we’re doing, ask a question or make a suggestion… and thanks!