det-LCC (2) Located at 28101-28201 Schoolcraft Rd. in Livonia, MI, the Livonia Corporate Center, Phase II speculative development has two buildings and 915,000 square feet.

DETROIT—This metro area has one of the lowest industrial vacancy rates in the nation, but developers and lenders currently seem reluctant to launch new projects, according to Newmark Knight Frank. The firm just released its second quarter 2018 industrial trends data for the Detroit region and found the metro’s rate fell 60 bps to 4.2% as just over two million square feet was absorbed.