Bloomington office park draws new tenants

In the BLM complex near the Mall of America, the announcement of three new tenantse gave a positive outlook on this bleak economy. The space bought by these new tenants brought space filled to 90%, better than 85% space filled in nearby areas. Though this news lifted the hearts of many, the demand was still not great enough for more supply of space to be built. The economic downturn has shifted the equilibrium point to a decrease in GDP(space), and price level. Though demand is not great enough yet, there are plans occurring for a third building complex to be added once an upturn in the economy occurs.
In my opinion I think this shows that big name companies are starting to have a really positive outlook on the end of our current recession. Instead of saving their money, these companies are investing it into other places. This will eventually create more jobs, which will lead to a greater demand in the economy with new wages. Though the BLM complex is not filled up, it is filling at a very slow rate. Though the GDP fell 6.1%, overall our country's economy is still growing. I think that our current recession is going to end soon as banks will begin to lend soon, and let the supply of credit flow throughout the sectors of our economy.

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