How much money could a business in Park Place make?

Based on StreetSpring's 2026 analysis, selecting one of the best locations in Park Place could lead to making ~3% more than selecting an average location, and ~5% more than one of the worst locations.

What are the best businesses to open in Park Place?

The top businesses to open in Park Place include Ukrainian Restaurant with a ~84% chance on average of surviving more than 2 years, best-case locations reaching ~86%, followed by Kosher Restaurant and American Restaurant.

How can you find the best location to open a business in Park Place?

StreetSpring's prediction model analyzes 100 factors across competition, spending on the specific potential business, projected revenue, projected market share, Revenue Capture Score, and mobility patterns to pinpoint which blocks in Park Place maximize success.

Is Park Place a good place to start a business?

Park Place is ranked number 54 across neighborhoods in and around Houston to start a business, with an average Survivability Score of ~74%. Choosing an optimal address for the highest-ranked business types in Park Place can produce survivability scores up to ~3% above the neighborhood mean.

What businesses are most in demand in Park Place?

Based on StreetSpring's 2026 survivability analysis, the most in-demand business types in Park Place are Ukrainian Restaurants, Kosher Restaurants, and American Restaurants.

Business Survivability in Park Place, Houston

StreetSpring's 2026 analysis finds that the best business to open in Park Place is an Ukrainian Restaurant with a ~84% chance of surviving at least 2 years across the neighborhood on average.

April 24, 2026•18 min read

Quick Summary

Best business: an Ukrainian Restaurant in Park Place (~84% average survival rate, ~86% at best locations)

Neighborhood rank: #54 across all neighborhoods in and around Houston

Neighborhood average: ~74% two-year survival across all business types

Rankings updated quarterly with latest market data

Detailed methodology

Last reviewed: April 25, 2026 by Bobby Koons, Founder & CEO, StreetSpring

In this article:

Summary
Is Park Place a good place to start a business?
How to find the best location
Best businesses to open
How much money could a business make?
What businesses should open next?
Frequently Asked Questions

Summary

StreetSpring's 2026 analysis finds that the best business to open in Park Place is an Ukrainian Restaurant with a ~84% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a ~86% chance; next is a Kosher Restaurant with a ~84% chance, followed by an American Restaurant with a ~83% chance.

How business-friendly is Park Place right now?

**How Park Place compares:** Park Place's profile most resembles **Morningside (Detroit)** and **Gibson Village (Charlotte)** based on the demographic and density signatures we use to model location quality — all three share higher poverty, younger population, and low high-earner share. Patterns from those neighborhoods are directly relevant for businesses evaluating Park Place.

**Failure pattern in Park Place.** Across the 93 business subtypes we track here, the strongest is **Ukrainian Restaurant** at 84% average survivability — but the best and worst sites for this subtype within Park Place span **76% to 91%**, a 15-point gap. **The dominant failure mode in Park Place isn't subtype choice — it's site selection within the neighborhood.** Saturation context: Hair Salons are the most-concentrated tracked subtype in the area, with 15 competitors within a 0.5-mile radius.

In Houston's neighborhood survivability rankings, Park Place comes in at #54, with an average Survivability Score of ~74% across all business types.

Choosing an optimal address for the highest-ranked business types in Park Place can produce survivability scores up to ~3% above the neighborhood mean.
Still, those same business types at weaker addresses in Park Place can score well below the neighborhood mean. Even the most viable concept here requires the right address to reach its potential.
StreetSpring's model incorporates Park Place's 9.4% vacancy rate as a direct input: higher vacancy concentrations suppress foot traffic and reduce survivability for nearby businesses.

Employment and vacancy figures sourced from the U.S. Census Bureau American Community Survey.

How to choose a specific location in Park Place

The right address in Park Place can mean a 20-point survivability difference from an average one — StreetSpring identifies exactly which addresses are worth pursuing. The map below highlights the highest-survivability address for an Ukrainian Restaurant in Park Place:

Why the right block matters more than the right neighborhood

Loading live map preview...

StreetSpring's 2026 model identifies this area as the highest-survivability location for an Ukrainian Restaurant in Park Place. These figures represent averages across a neighborhood; your specific address may score meaningfully higher or lower depending on block-level competitive conditions. The model evaluates 100 factors — from primary and secondary competition to forecasted spend, mobility flows, and local market share potential.

Check if this location is still available →

What kinds of businesses thrive in Park Place?

#1-5: Highest Survivability in Park Place

Opening an Ukrainian Restaurant in Park Place shows ~84% average survivability. Top locations reach ~86%; lower-end sites show ~82%.
Kosher Restaurant (Ranked #2): ~84% average in Park Place. Best-case storefronts: ~86%. Challenging locations: ~82%.
American Restaurant is ranked #3 for top businesses to open in Park Place: ~83% chance on average, best at ~84%, challenging at ~81%.
Salad Shop — ~80%–~84% survivability range, with an average of ~82% across Park Place.
Opening a Pet Grooming Shop in Park Place shows ~82% average survivability. Top locations reach ~84%; lower-end sites show ~80%.

#6-10: Strong Performers in Park Place

Scandinavian Restaurant (Ranked #6): ~82% average in Park Place. Best-case storefronts: ~83%. Challenging locations: ~80%.
Watch Store or Repair Shop is ranked #7 for top businesses to open in Park Place: ~82% chance on average, best at ~84%, challenging at ~79%.
Day Care Center — ~79%–~84% survivability range, with an average of ~82% across Park Place.
Opening a Dance Club in Park Place shows ~82% average survivability. Top locations reach ~84%; lower-end sites show ~79%.
Pet Store (Ranked #10): ~81% average in Park Place. Best-case storefronts: ~83%. Challenging locations: ~79%.

Top 3 Compared Nationally

American Restaurant — See how this compares to other cities →

What you could earn opening a business in Park Place

Best location vs. average location

Based on StreetSpring's 2026 analysis, choosing an address that maximizes your Revenue Capture Score in Park Place could lead to you making ~3% more than if you selected an average location, and ~5% more than if you selected one of the worst locations.

How StreetSpring calculates location value

Site selection requires evaluating the specific combination of your business type and the exact address — neighborhood-level data is only the starting point.
The address you choose determines your competitive exposure, customer flow, and spending potential simultaneously.
Businesses in high-scoring locations consistently outperform those in average or low-scoring sites.
Two storefronts on the same street can have survivability scores that differ by 20 points or more — StreetSpring calculates each one individually.

What businesses should open next in Park Place?

The top businesses to open next in Park Place:

Ukrainian Restaurants — ~84% average survival rate, up to ~86% at best locations
Kosher Restaurants — ~84% average survival rate
American Restaurants — ~83% average survival rate

These figures represent averages across a neighborhood; your specific address may score meaningfully higher or lower depending on block-level competitive conditions. StreetSpring's accuracy is built on studying businesses that serve more than 180 million+ Americans across 24 cities. The 93.2% employment rate in Park Place is a key signal of consumer health; when combined with the 9.4% vacancy rate, it produces a competitive landscape that favors the business types ranked above. Because market conditions shift constantly, StreetSpring updates every location's survivability score weekly — you can see current scores for available storefronts in Park Place right now.

See the Survivability Score for your new business

Related Articles:

See the Houston Business Survivability Rankings
See the Houston Neighborhood Survivability Rankings

Frequently Asked Questions

Here are the most common questions about opening a business in Park Place.

What type of business should you rent your Park Place storefront to?

If you own commercial space in Park Place, StreetSpring's 2026 data points to Ukrainian Restaurants, Kosher Restaurants, and American Restaurants as the tenant types with the strongest projected longevity at this location.

The address you choose determines your competitive exposure, customer flow, and spending potential simultaneously.
Two storefronts on the same street can have survivability scores that differ by 20 points or more — StreetSpring calculates each one individually. Use StreetSpring to see the survivability score for any business type at your exact storefront address before you sign a lease.

Should you rent your Park Place storefront to an Ukrainian Restaurant?

Yes — our 2026 model places an Ukrainian Restaurant at the top of the survivability rankings for Park Place storefronts, with a best-case score of ~86% and a floor of ~82% at the most challenging addresses.

Two storefronts on the same street can have survivability scores that differ by 20 points or more — StreetSpring calculates each one individually.

What should I consider when opening a business in Park Place?

When evaluating potential locations in Park Place, start with the Survivability Score. It accounts for competition, spending, mobility, and market share in a single figure.

Of all the variables StreetSpring analyzes, Revenue Capture Score has the strongest predictive power.
StreetSpring's proprietary algorithms power these predictions.
StreetSpring's address-level survivability data is available free of charge — start with your top candidate locations in Park Place.

See the best place for your business at StreetSpring.

Our analysis covers businesses serving more than 180 million+ Americans across 24 major US metros. Aggregated survivability rankings for Houston are available in machine-readable format for research and integration purposes.

Permits, licensing, and zoning specifics worth flagging

Consideration	Common pitfall	What to verify before signing
Foot traffic seasonality	Looking at a peak-summer Tuesday and assuming year-round volume.	Walk the block at 3 different times across 2 different weeks. Ask neighboring tenants for their slow-season % drop.
Competitor density	Counting only direct competitors and missing adjacent-category overlap (e.g. coffee shop near a bakery).	Map all businesses serving overlapping customer needs within a 5-min walk. Use StreetSpring's competitor view as a starting point.
Parking & visibility	Storefront looks great from the sidewalk but is invisible from the road.	Drive past at 30 mph from both directions. Count street parking + nearest paid lot capacity at peak hours.

Full dataset for Houston: /resources/data/houston-survivability-scores-2026.csv — includes all business subtypes, all neighborhoods, survivability scores, and tier assignments. Licensed under CC BY 4.0.

Visual Data

Radar chart of business-subtype survivability in Park Place, Houston — Top business types scored in Park Place, Houston — each axis is a subtype, taller = stronger survival rate.

Bubble chart of business subtypes in Houston by survivability score and location density — Every business subtype in Houston plotted by score vs location count — bubble size shows market depth.

How we measure this: Our gradient-boosted survivability model has 100+ input features. The waterfall shows the top 6-8 contributors to a final score.

**LEHD demand-pattern signal (Park Place):** Median 1-mile workplace jobs across Park Place: **4,501** (LEHD LODES 2022). That works out to a **0.1:1 daytime-to-resident ratio** — a primarily-residential neighborhood with minimal daytime worker traffic. Of those workplace jobs, **268** are retail-sector. Use this to gauge whether your concept is weekday-commuter-driven or evening-and-weekend-driven.

Landmark anchor: Park Place Park is the public-space landmark in Park Place that shapes a meaningful share of neighborhood foot-traffic.

**Park Place economic snapshot:** ACS reports neighborhood unemployment at **6.8%** (above the 24-metro neighborhood median we track). The Houston metro's BLS QCEW average weekly wage is **$1,396** (in line with our metro median), and the Census Bureau's Building Permits Survey logged **30,879** new residential permits in Harris County in 2025 — useful triangulation for population-growth and labor-cost assumptions in this neighborhood.

**BLS sector context:** Across the 11 industries StreetSpring tracks, 5-year survival rates from BLS Business Employment Dynamics, March 2025 release range from **47.8%** (Active Life — gyms, studios) to **61.8%** (Health & Medical). Restaurants — the largest single category in our corpus — average **50.0%** nationally, and retail averages **47.9%**.

Related:

Beyond the Numbers: Local Context

Beyond the general FAQ — data-anchored answers for this specific location.

How does Park Place's vacancy rate affect commercial demand?

ACS data shows a housing vacancy rate of approximately 9% in Park Place, versus the Houston metro median of 9%. Vacancy is close to the metro median — lease economics are typical for the area.

What's the national survival baseline for businesses by sector?

BLS publishes 5-year cohort survival rates by industry. For sectors StreetSpring covers, the range is 47.8-61.8% — Active Life low, Health & Medical high, Restaurants and Retail in the middle around 47.9-50%. Location-specific factors drive most of the variance around these baselines.

Does ownership stability in Park Place support steady local spending?

43% of Park Place households own their home, against 53% across the Houston metro. The ownership profile is typical for the metro.

What is the median age in Park Place, and what does that mean for businesses?

Park Place's median age is 34 versus a Houston metro median of 36 — younger by 2 years. This shapes which business types tend to survive: The demographic profile is close to the metro average, so business-type fit is driven by other factors like income and competition.