Is Lakewood Village a good place to start a business?

Lakewood Village is ranked number 141 across neighborhoods in and around Los Angeles to start a business, with an average Survivability Score of ~74%. At the strongest addresses in Lakewood Village, the most viable business types score ~2% higher than the average survivability rate across all locations.

What are the best businesses to open in Lakewood Village?

The top businesses to open in Lakewood Village include Kosher Restaurant with a ~83% chance on average of surviving more than 2 years, best-case locations reaching ~85%, followed by Ukrainian Restaurant and Barber Shop.

How much money could a business in Lakewood Village make?

Based on StreetSpring's 2026 analysis, selecting one of the best locations in Lakewood Village could lead to making ~2% more than selecting an average location, and ~5% more than one of the worst locations.

What businesses are most in demand in Lakewood Village?

Based on StreetSpring's 2026 survivability analysis, the most in-demand business types in Lakewood Village are Kosher Restaurants, Ukrainian Restaurants, and Barber Shops.

How can you find the best location to open a business in Lakewood Village?

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 Lakewood Village maximize success.

Business Survivability in Lakewood Village, Los Angeles

StreetSpring's 2026 analysis finds that the best business to open in Lakewood Village is a Kosher Restaurant with a ~83% chance of surviving at least 2 years across the neighborhood on average.

April 24, 2026•17 min read

Quick Summary

Best business: a Kosher Restaurant in Lakewood Village (~83% average survival rate, ~85% at best locations)

Neighborhood rank: #141 across all neighborhoods in and around Los Angeles

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

Rankings updated quarterly with latest market data

Detailed methodology

Reviewed: April 30, 2026 by Bobby Koons, StreetSpring founder

In this article:

Summary
Is Lakewood Village 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 Lakewood Village is a Kosher Restaurant with a ~83% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a ~85% chance; next is an Ukrainian Restaurant with a ~82% chance, followed by a Barber Shop with a ~81% chance.

Should you open a business in Lakewood Village?

**Where else does Lakewood Village look like?** The strongest demographic and amenity-density matches are **El Dorado Park Estates (Los Angeles)** and **South Delridge (Seattle)**, sharing low vacancy, high high-earner share, and less transit-reliant. If you've worked in either of those neighborhoods, expect Lakewood Village to behave similarly on the dimensions that drive survival.

**What goes wrong in Lakewood Village.** Across 93 subtypes we track, **Kosher Restaurant averages 83%** — the highest in the neighborhood. Yet a site-level look shows Kosher Restaurants range from **75% to 88%** across Lakewood Village — a 13-point window where the address, not the concept, decides the outcome. For competitive density: Ukrainian Restaurants are the most-concentrated tracked subtype (13 within 0.5 miles).

Lakewood Village is ranked number 141 across neighborhoods in and around Los Angeles to start a business, with an average Survivability Score of ~74%.

At the strongest addresses in Lakewood Village, the most viable business types score ~2% higher than the average survivability rate across all locations.
However, those same business types at the weakest addresses in Lakewood Village can score considerably below average. Even the most in-demand concept in Lakewood Village will struggle if it opens at the wrong address.
A 94.8% employment rate in Lakewood Village means a large share of local consumers have steady income — a strong underlying condition for discretionary spending businesses.

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

Where in Lakewood Village should you open a business?

Rather than relying on neighborhood averages, StreetSpring's scoring tells you which specific addresses in Lakewood Village give your concept the best odds of survival. The map below shows the highest-scoring storefront area for a Kosher Restaurant in Lakewood Village per 2026 data:

Why the right block matters more than the right neighborhood

Loading live map preview...

This map shows the optimal location for a Kosher Restaurant in Lakewood Village based on StreetSpring's 2026 survivability analysis. Market conditions, new competitors, and local spending patterns can change rapidly — always verify with StreetSpring's live tool before signing a lease. The prediction model incorporates 100 location-specific factors, including competitive density, forecasted consumer spending, mobility patterns, and Revenue Capture Score.

Check if this location is still available →

What kinds of businesses thrive in Lakewood Village?

#1-5: Highest Survivability in Lakewood Village

Opening a Kosher Restaurant in Lakewood Village shows ~83% average survivability. Top locations reach ~85%; lower-end sites show ~81%.
Ukrainian Restaurant (Ranked #2): ~82% average in Lakewood Village. Best-case storefronts: ~84%. Challenging locations: ~80%.
Barber Shop is ranked #3 for top businesses to open in Lakewood Village: ~81% chance on average, best at ~83%, challenging at ~78%.
Juice & Smoothie Bar — ~79%–~82% survivability range, with an average of ~81% across Lakewood Village.
Opening a Pet Grooming Shop in Lakewood Village shows ~81% average survivability. Top locations reach ~82%; lower-end sites show ~78%.

#6-10: Strong Performers in Lakewood Village

Indonesian Restaurant (Ranked #6): ~80% average in Lakewood Village. Best-case storefronts: ~82%. Challenging locations: ~79%.
African Restaurant is ranked #7 for top businesses to open in Lakewood Village: ~80% chance on average, best at ~81%, challenging at ~78%.
Asian Fusion Restaurant — ~78%–~82% survivability range, with an average of ~80% across Lakewood Village.
Opening a Filipino Restaurant in Lakewood Village shows ~80% average survivability. Top locations reach ~81%; lower-end sites show ~78%.
Indian Restaurant (Ranked #10): ~80% average in Lakewood Village. Best-case storefronts: ~82%. Challenging locations: ~78%.

Top 3 Compared Nationally

Barber Shop — See how this compares to other cities →

What revenue can a Lakewood Village business expect?

Best location vs. average location

Based on StreetSpring's 2026 analysis, following the survivability data rather than relying on intuition or foot traffic estimates in Lakewood Village could lead to you making ~2% 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

Location fit is business-type-specific: a spot that's ideal for a coffee shop may underperform for a nail salon at the same address.
The address you choose determines your competitive exposure, customer flow, and spending potential simultaneously.
Every percentage point of Survivability Score represents a real difference in expected revenue — choosing the highest-scoring address is the most reliable financial decision you can make at the outset.
StreetSpring generates location-specific predictions tailored to your exact site.

Which business types are most underserved in Lakewood Village?

The top businesses to open next in Lakewood Village:

Kosher Restaurants — ~83% average survival rate, up to ~85% at best locations
Ukrainian Restaurants — ~82% average survival rate
Barber Shops — ~81% average survival rate

Market conditions, new competitors, and local spending patterns can change rapidly — always verify with StreetSpring's live tool before signing a lease. StreetSpring's training dataset includes millions of transactions and business lifecycle events. A 3.3% vacancy rate in Lakewood Village reflects the current commercial environment; StreetSpring weights this directly in every survivability score for addresses in this neighborhood. StreetSpring refreshes survivability scores every week to reflect new competition and updated spending data — see which locations in Lakewood Village 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

Frequently Asked Questions

Here are the most common questions about opening a business in Lakewood Village.

What type of business should you rent your Lakewood Village storefront to?

If you own commercial space in Lakewood Village, StreetSpring's 2026 data points to Kosher Restaurants, Ukrainian Restaurants, and Barber Shops 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.
StreetSpring generates location-specific predictions tailored to your exact site. StreetSpring allows property owners to evaluate any address against 700+ tenant types — so you can prioritize the categories that score highest at your specific location.

Should you rent your Lakewood Village storefront to a Kosher Restaurant?

StreetSpring's data confirms a Kosher Restaurant as the highest-survivability tenant type for Lakewood Village. The best addresses show a ~85% chance of lasting more than 2 years; less optimal addresses score around ~81%.

StreetSpring generates location-specific predictions tailored to your exact site.

What should I consider when opening a business in Lakewood Village?

Survivability Score is the North Star metric for any location decision in Lakewood Village: it aggregates 100+ factors so you don't have to evaluate each one individually.

StreetSpring's analysis consistently shows Revenue Capture Score predicts survival odds more accurately than demographic data or foot traffic estimates alone.
Each forecast is specific to the exact address and business type, generated by StreetSpring's internally developed prediction engine.
You can check the Survivability Score for any storefront in Lakewood Village at no cost using StreetSpring's live tool.

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 Los Angeles are available in machine-readable format for research and integration purposes.

Lease structure questions to ask first

Factor	Where new owners get tripped up	Questions to ask before you sign
Lease term	Locking into 7-10 years without break clauses, then needing to relocate after year 2.	Negotiate a relocation or termination clause. Confirm assignment + sublease rights are in writing.
Build-out budget	Underestimating mechanical, electrical, and plumbing — the "hidden" 30-50% of build-out cost.	Get 3 quotes from licensed contractors and pad budget by +20% for surprises. Confirm landlord TI allowance in writing.
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.

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.

Visual Data

Treemap of Los Angeles business mix by survivability score — Treemap of business mix in Los Angeles — cell size = number of locations, color = average survivability score.

Radar chart of business-subtype survivability in Lakewood Village, Los Angeles — Top business types scored in Lakewood Village, Los Angeles — each axis is a subtype, taller = stronger survival rate.

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

How we measure this: Annual rent / estimated annual revenue = rent burden ratio. Industry rule of thumb: above 12% is uncomfortable, above 18% is fatal.

**LEHD demand-pattern signal (Lakewood Village):** Median 1-mile workplace jobs across Lakewood Village: **7,867** (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, **2,900** are retail-sector. Use this to gauge whether your concept is weekday-commuter-driven or evening-and-weekend-driven.

Landmark anchor: Lakewood Village's museum-anchor is Wax Museum r.i.p, the kind of landmark that pulls visitors into the surrounding commercial blocks.

**Local economic context (Lakewood Village, Los Angeles):** Lakewood Village's ACS unemployment rate is **5.2%** (in line with the 24-metro neighborhood median). County-level data adds two more anchors: BLS QCEW reports Los Angeles-area average weekly wage of **$1,127** (below our 24-metro median), and the Census Bureau Building Permits Survey logged **22,446** new residential units in Los Angeles County in 2025 — a rough proxy for the local growth environment a new business is opening into.

**Why these baselines matter:** BLS Business Employment Dynamics (March 2025) reports 5-year survival rates of **47.8-61.8%** across the industries StreetSpring covers. Restaurants survive at **50.0%** nationally — not 20%. The location decision is what separates the 30% above the baseline from the 30% below.

Related:

Neighborhood-Specific Questions

More questions answered with neighborhood-specific data from our 2026 corpus.

How does economic hardship in Lakewood Village compare to the metro?

6% of Lakewood Village households fall below the federal poverty line — below the Los Angeles metro median (11%). Low poverty supports the broadest range of business types, including premium and discretionary categories.

What does household composition look like in Lakewood Village?

Average household size in Lakewood Village is 3.0, versus 2.7 across the Los Angeles metro. Household composition is close to the metro average.

How does Lakewood Village's employment rate affect business survivability?

ACS labor-force data shows an employment rate of about 95% in Lakewood Village, versus 93% across Los Angeles. Employment is close to the metro median, suggesting stable underlying demand.