SCV Business Journal April 2021

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Contact: Perry Smith Business Editor Phone: 661-287-5599

S A N TA C L A R I TA VA L L E Y

BUSINESS JOURNAL BJ INSIDE SPOTLIGHTS B4 A Message from the SCV

Chamber

Email: psmith@signalscv.com Mail: 26330 Diamond Place Suite 100 Santa Clarita, CA 91350 SATURDAY, MARCH 27, 2021  ·  WWW.SIGNALSCV.COM · B1

HOW COMMERCIAL MARKETS ARE EVOLVING

B5 SCV Chamber Events/

Advocacy B9 The List: Commercial Real

Estate NEWS & FEATURES B1 Commercial Real Estate in

the SCV B3 The SCV Employment

Outlook B8 COVID Resources for

Businesses SCV BUSINESS VOICES B1 Audiology Associates B2 M & M Fasteners B6 CBRE LBW Insurance B7 SCV Economic

Development Corp. B12 Henry Mayo FROM THE EXPERTS B2 Lisa Raggio: The power of

community B3 Ken Keller: 10 smart CEO

Moves B11 Paul Butler: Keep calm and

be a leader B12 Jeff Prang: Business

property deadline

The 1.3-million-square-foot IAC Commerce Center is set to consist of seven industrial buildings on 116 acres. The demands for how space will be used are evolving rapidly with the modern business environment, but there’s still a growing need in the Santa Clarita Valley, according to local experts on the market. PHOTO COURTESY NEWMARK KNIGHT FRANK BY EMILY ALVARENGA Signal Staff Writer

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s COVID-19 figures continue to decline and public health restrictions are relaxed, more and more businesses are getting the green light to reopen. In the Santa Clarita Valley, the industrial sector remains very strong with an extremely low vacancy rate, while it’s been the retail sector that has suffered most, according to commercial Realtors who are experts in the local and regional markets. “Despite the pandemic and shutdowns, the industrial market is very strong with demand from e-commerce, entertainment and aerospace/defense leading the way,” said Craig Peters, executive vice president of CBRE. “Keep in mind that most industrial companies are considered essential and continued to work during the

shutdowns. Market vacancy has dropped to 1% over the past 12 months and lease rates and sale prices have jumped up.” While there may be new strategies that lead to changes, such as more amenities, or even adjusted operations, there’s still a need for commercial space, according to Yair Haimoff, executive managing director at Spectrum Commercial Real Estate Inc. “However, the general office users have minimized their operations, and some to all employees are still working remotely leaving their offices partially to fully empty,” Haimoff said. “Entertainment, personal care, fitness and restaurants with large dining halls suffered the most, while drive-thru restaurants flourished during the pandemic, (and) it will be a while for these industries to recover as they are still under the toughest restrictions.” As more businesses look to reopen and

some even look to open new businesses, local commercial realtors and even city officials agree that it’s vital to take the necessary steps in finding the right space for your business. “Two of the most important items in choosing a business location are finding a spot where your customers will come, and making sure the property is zoned right for your business,” said Jason Crawford, the city of Santa Clarita’s planning, marketing and economic development manager. While vacancy rates in the SCV are still relatively low, Haimoff and Peters agree that those rates may rise once the eviction moratorium expires. CHOOSING THE RIGHT SPACE “Our key recommendation for clients today is to start the process early,” Peters said. “Talk to your broker and See SPACE, page B6

SCV BUSINESS VOICES

SPEECH COMPREHENSION AND HEARING LOSS DR. KEVIN BOLDER AuD, Audiology Associates

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peech comprehension and hearing loss are closely connected. Hearing loss prevents the brain from receiving sound signals which means those sounds are never processed and turned into information. Without being able to clearly hear words, you can’t process those words and make meaning from them.

THE EFFECTS OF HEARING LOSS Hearing loss can have negative effects on your overall health and well-being. Sometimes, hearing loss is the result of another underlying condition, such as heart disease, diabetes or high blood pressure. For this reason, it’s important to have your hearing and your health evaluated regularly. Even if your hearing loss is not the result of another underlying condition, it can have many negative effects on your everyday life and wellbeing. Some of the effects of untreated hearing loss include: • Social isolation • Fatigue • Cognitive decline • Dementia

• Difficulties with speech comprehension When you can’t hear well because of hearing loss you may feel embarrassed when you mishear the conversation. This can cause you to isolate yourself from other people and result in cognitive decline and even dementia. SPEECH COMPREHENSION Speech comprehension is our ability to hear sounds and transform them into information. Hearing loss can negatively affect your ability to comprehend speech because you can’t hear clearly. Certain words may be difficult to hear depending on the type and severity of your hearing loss. This can result in you missing words in a conversation. Over time, your brain

will start to forget those words, and it will be harder to understand them. WHAT YOU CAN DO The best thing you can do to make sure you are maintaining your overall health and well-being is receive regular hearing screenings in addition to your other doctor visits. To schedule a hearing aid consultation today, please call Audiology Associates at (661) 2841900. Kevin Bolder, Au.D., Patrice Rifkind, Au.D., and John Davis, Au.D. are three of the best in Santa Clarita and San Fernando Valley. Visit our website at www.Audiology Associates.net or stop by our office located at 23838 Valencia Blvd, Suite 100, Valencia. We are hearing healthcare excellence.  


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