Memphis industrial market rebounding
Cushman & Wakefield released its first quarter industrial report, showing the overall market has some positive trends such as vacancy rate decreasing while net absorption and asking rental rates increased.
There are 4 article(s) tagged GXO Logistics:
Cushman & Wakefield released its first quarter industrial report, showing the overall market has some positive trends such as vacancy rate decreasing while net absorption and asking rental rates increased.
GXO Logistics is streamlining its local footprint, leasing an Olive Branch warehouse after Elon Musk’s xAI purchased two of its previous local facilities.
Together, the companies are laying off more than 450 workers in North Mississippi.
The logistics provider has been cutting its Memphis operations since 2024.
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