A method and system for allocating blocks of disk in persistent storage to requesting threads. A primary data structure is provided for organizing and categorizing blocks of disk space. In addition, a secondary data structure is provided for maintaining a list of all active file system processes and blocks of disk space used by those processes. Blocks of disk space are assigned to pages. At such time as a thread may request allocation of disk space, both data structures are reviewed to determine if the requested disk space is available and to limit access of available disk space to a single page of memory to a single thread at any one time.