Business Survivability in Koreatown, Los Angeles
StreetSpring's 2026 analysis finds that the best business to open in Koreatown is a Korean Restaurant with a 87.0% chance of surviving at least 2 years across the neighborhood on average.
Quick Summary
- Survivability Score: the projected chance a business type lasts two or more years at a specific address
- Best business: a Korean Restaurant in Koreatown (87.0% Typical, 90.1% Best)
- Neighborhood rank: #9 of 173 neighborhoods in and around Los Angeles
- Neighborhood average: 77.3% two-year survival across the business types ranked here
- Coverage: This ranking carries one row per business type and neighborhood. Its score is the projected chance of lasting two or more years, averaged across the price points StreetSpring scores separately in the tool (most types have 5). The 10 business types here are base types; the tool offers 500+ business types, counting each type at each of its price points.
- Rankings updated quarterly with latest market data
- Detailed methodology
Last reviewed: November 2026 by Robert Koons, Founder & CEO, StreetSpring
In this article:
- Summary
- Is Koreatown 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 Koreatown is a Korean Restaurant with a 87.0% chance of surviving at least 2 years across the neighborhood on average, and 90.1% Best; next is a Mexican Restaurant with 89.9% Best, followed by a Clothing Store with 89.8% Best.
Is Koreatown a good place to start a business?
Koreatown is ranked number 9 of 173 neighborhoods in and around Los Angeles to start a business, with an average 77.3% chance of lasting two or more years across the business types ranked there.
- For the top-ranked business type, 90.1% Best is 3.1 points above 87.0% Typical in Koreatown.
- However, those same business types at the weakest addresses in Koreatown can score considerably below average. Even the most in-demand concept in Koreatown will struggle if it opens at the wrong address.
- The 8.4% housing vacancy rate in Koreatown comes from the Census American Community Survey and describes homes and apartments, not shops or offices.
Employment and housing vacancy figures sourced from the U.S. Census Bureau American Community Survey.
How can you find the best location to open a business in Koreatown?
StreetSpring's Koreatown data goes block by block (not just neighborhood averages) so you know which specific storefront gives your concept the strongest foundation. StreetSpring's 2026 analysis identifies this area as the top location for a Korean Restaurant in Koreatown:
StreetSpring's 2026 model identifies this area as the highest-survivability location for a Korean Restaurant in Koreatown. For the most current predictions, visit StreetSpring to analyze your specific location in real-time. The model evaluates hundreds of factors, from primary and secondary competition to forecasted spend, site accessibility, and local market share potential.
Check if this location is still available →
What are the best businesses to open in Koreatown?
| Rank | Business type | Best | Typical | Worst |
|---|---|---|---|---|
| 1 | Korean Restaurant | 90.1% | 87.0% | 83.1% |
| 2 | Mexican Restaurant | 89.9% | 85.6% | 80.6% |
| 3 | Clothing Store | 89.8% | 84.9% | 80.0% |
| 4 | Chiropractor Office | 89.5% | 85.6% | 81.8% |
| 5 | Eye Care Center | 89.4% | 85.9% | 82.4% |
| 6 | Laundromat | 89.4% | 86.5% | 83.3% |
| 10 | Bar | 89.1% | 83.2% | 77.7% |
| 12 | Veterinary Clinic | 88.9% | 83.9% | 78.9% |
| 19 | Cafe | 88.7% | 81.7% | 76.3% |
| 20 | Coffee Shop | 88.7% | 81.6% | 76.2% |
Best and Worst are the average results for the better and the worse of two addresses picked at random in the place: a weighted average of every scored location in which the best locations count the most for Best and the weakest count the most for Worst. Typical is the average address. Best is shown for a smaller space (half the standard size) and Worst for a larger one (half again as large), at the metro's median asking rent, using the same rent rule as our tool; Typical is at the market rent.
The rank column is the published file's rank within this place; a skipped number is a business type the file ranks here that this list leaves out to keep any one business family from filling it.
Highest Survivability in Koreatown
- #1 Korean Restaurant is ranked #1 for top businesses to open in Koreatown: 87.0% Typical, 90.1% Best, 83.1% Worst.
- #2 Mexican Restaurant: 85.6% Typical across Koreatown; Best 89.9%, Worst 80.6%.
- #3 Opening a Clothing Store in Koreatown shows 84.9% Typical survivability, 89.8% Best and 80.0% Worst.
- #4 Chiropractor Office (Ranked #4): 85.6% Typical in Koreatown. Best: 89.5%. Worst: 81.8%.
- #5 Eye Care Center is ranked #5 for top businesses to open in Koreatown: 85.9% Typical, 89.4% Best, 82.4% Worst.
Strong Performers in Koreatown
- #6 Laundromat: 86.5% Typical across Koreatown; Best 89.4%, Worst 83.3%.
- #10 Opening a Bar in Koreatown shows 83.2% Typical survivability, 89.1% Best and 77.7% Worst.
- #12 Veterinary Clinic (Ranked #12): 83.9% Typical in Koreatown. Best: 88.9%. Worst: 78.9%.
- #19 Cafe is ranked #19 for top businesses to open in Koreatown: 81.7% Typical, 88.7% Best, 76.3% Worst.
- #20 Coffee Shop: 81.6% Typical across Koreatown; Best 88.7%, Worst 76.2%.
Top 3 Compared Nationally
- Korean Restaurant: See how this compares to other cities →
- Mexican Restaurant: See how this compares to other cities →
- Clothing Store: See how this compares to other cities →
How much money could a business in Koreatown make?
Best location vs. average location
Based on StreetSpring's 2026 analysis, prioritizing survivability score in your site-selection process in Koreatown starts with the Revenue Capture Score, the most important factor in choosing a location: StreetSpring's estimate of the revenue a business can capture at that address.
How StreetSpring calculates location value
- StreetSpring calculates survivability for each business type separately at each address, so the best location for your concept may differ from the neighborhood's overall top-ranked site.
- Location is a decision you can check before you open.
- StreetSpring's Revenue Capture Score, the revenue a business can capture at a specific address, is the factor that matters most when comparing locations.
- StreetSpring scores survivability down to the exact storefront location.
What businesses should open next in Koreatown?
The top businesses to open next in Koreatown:
- Korean Restaurants: 87.0% Typical, 90.1% Best
- Mexican Restaurants: 85.6% Typical, 89.9% Best
- Clothing Stores: 84.9% Typical, 89.8% Best
For the most current predictions, visit StreetSpring to analyze your specific location in real-time. StreetSpring measures competition through a 30-factor framework layered on top of proprietary consumer spending forecasts and mobility models. StreetSpring scores 500+ business types: 153 base business types, most of them at 5 price points, which is 569 type-and-price combinations you can choose in the tool. The 92.4% employment rate in Koreatown is a key signal of consumer health, and the 8.4% housing vacancy rate is another Census characteristic the model reads for the rankings above. StreetSpring regularly refreshes survivability scores to reflect new competition and updated spending data: see which locations in Koreatown are available right now and how they rank.
See the Survivability Score for your new business
Related Articles:
- See the Los Angeles Business Survivability Rankings
- See the Los Angeles Neighborhood Survivability Rankings
- Explore Korean Restaurant survivability across Los Angeles neighborhoods
Frequently Asked Questions
Here are the most common questions about opening a business in Koreatown.
What type of business should you rent your Koreatown storefront to?
The analysis is clear: in Koreatown, Korean Restaurants, Mexican Restaurants, and Clothing Stores consistently score highest on survivability, giving landlords the best chance of retaining tenants for two or more years.
- Location is a decision you can check before you open.
- StreetSpring scores survivability down to the exact storefront location. With StreetSpring, you can rank every potential tenant type by survivability score at your property address before committing to a lease.
Related: See How Landlord Representatives in Los Angeles Can Reduce Vacancy & Increase Tenant Longevity
Should you rent your Koreatown storefront to a Korean Restaurant?
StreetSpring's data confirms a Korean Restaurant as the highest-ranked tenant type for Koreatown, at 90.1% Best and 83.1% Worst for the chance of lasting more than 2 years.
- StreetSpring scores survivability down to the exact storefront location.
What should I consider when opening a business in Koreatown?
Check the Survivability Score for your specific address in Koreatown before signing a lease, alongside your own read of foot traffic and the local customer base.
- StreetSpring's proprietary Revenue Capture Score, the revenue a business can capture at a specific address, is the factor that matters most when choosing where to open.
- StreetSpring's in-house models are trained on 570,000+ real business outcomes.
- Start a free 10-minute trial on StreetSpring to see the current survivability score for any address in Koreatown.
See the best place for your business at StreetSpring.
StreetSpring's models are built from millions of real business outcomes, making predictions grounded in what actually happened. Aggregated survivability rankings for Los Angeles are available in machine-readable format for research and integration purposes.
Full dataset for Los Angeles: /resources/data/los-angeles-survivability-scores-2026.csv: includes all business subtypes, all neighborhoods, survivability scores, and tier assignments. Licensed under CC BY 4.0.