What are the best businesses to open in Memorial Park?

The top businesses to open in Memorial Park include Pet Store with a ~84% chance on average of surviving more than 2 years, best-case locations reaching ~86%, followed by Ethiopian Restaurant and Syrian Restaurant.

Is Memorial Park a good place to start a business?

Memorial Park is ranked number 57 across neighborhoods in and around Los Angeles to start a business, with an average Survivability Score of ~77%. StreetSpring data shows the best-fit business types at prime Memorial Park addresses outperform the neighborhood average by as much as ~2%.

What businesses are most in demand in Memorial Park?

Based on StreetSpring's 2026 survivability analysis, the most in-demand business types in Memorial Park are Pet Stores, Ethiopian Restaurants, and Syrian Restaurants.

Business Survivability in Memorial Park, Los Angeles

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

April 24, 2026•17 min read

Quick Summary

Best business: a Pet Store in Memorial Park (~84% average survival rate, ~86% at best locations)

Neighborhood rank: #57 across all neighborhoods in and around Los Angeles

Neighborhood average: ~77% two-year survival across all business types

Rankings updated quarterly with latest market data

Detailed methodology

Last reviewed by Bobby Koons, Founder & CEO, StreetSpring — May 1, 2026

In this article:

Summary
Is Memorial Park 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 Memorial Park is a Pet Store 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 an Ethiopian Restaurant with a ~84% chance, followed by a Syrian Restaurant with a ~84% chance.

What does the data say about opening in Memorial Park?

**Pattern match:** Memorial Park's neighborhood signature — captured across demographic, employment, and amenity features — most closely matches **Carney (Baltimore)** and **Quakertown (Philadelphia)**. The three share less walkable commutes, low destination density, and older housing stock, which helps explain why business types that succeed in those areas tend to translate to Memorial Park.

**The pattern in Memorial Park.** Of 93 tracked subtypes, African Restaurant leads at **84% average survivability** — yet within the neighborhood, sites for this subtype range **79-88%** (9-point spread). That spread is the real failure surface: pick the wrong block in Memorial Park and a top-subtype play still scores in the bottom quartile. Meanwhile Kosher Restaurants are already saturated here — 15 competitors within a 0.5-mile radius.

Memorial Park holds the #57 position in and around Los Angeles for new business survivability, averaging ~77% across all analyzed business types.

StreetSpring data shows the best-fit business types at prime Memorial Park addresses outperform the neighborhood average by as much as ~2%.
However, these same business types at the worst locations in Memorial Park can sometimes provide a projected Survivability Score considerably below the average. Thus, even the businesses that are most in need in Memorial Park could have trouble succeeding if the best location is not selected.
Commercial vacancy in Memorial Park sits at 2.8%, a figure that factors into survivability scores for every business type in this neighborhood.

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

Pinpointing the best locations within Memorial Park

Using StreetSpring, you can identify the exact address in Memorial Park that gives your specific business concept the highest survivability score. According to StreetSpring's 2026 data, this is the optimal address for a Pet Store in Memorial Park:

Why the right block matters more than the right neighborhood

Loading live map preview...

According to StreetSpring's 2026 analysis, this circle outlines the best area for a Pet Store in Memorial Park. Static rankings can't capture every recent change in competition or foot traffic; StreetSpring's live platform provides the current score for your exact address. StreetSpring's prediction model analyzes 100 factors across competition, spending on the specific potential business, projected revenue, projected market share, Revenue Capture Score, mobility patterns, and many more.

Check if this location is still available →

Top-ranked business types for Memorial Park

#1-5: Highest Survivability in Memorial Park

Opening a Pet Store in Memorial Park shows ~84% average survivability. Top locations reach ~86%; lower-end sites show ~82%.
Ethiopian Restaurant (Ranked #2): ~84% average in Memorial Park. Best-case storefronts: ~86%. Challenging locations: ~83%.
Syrian Restaurant is ranked #3 for top businesses to open in Memorial Park: ~84% chance on average, best at ~86%, challenging at ~82%.
African Restaurant — ~83%–~85% survivability range, with an average of ~84% across Memorial Park.
Opening an Italian Restaurant in Memorial Park shows ~84% average survivability. Top locations reach ~86%; lower-end sites show ~83%.

#6-10: Strong Performers in Memorial Park

Caribbean / Latin Restaurant (Ranked #6): ~84% average in Memorial Park. Best-case storefronts: ~86%. Challenging locations: ~82%.
Pakistani Restaurant is ranked #7 for top businesses to open in Memorial Park: ~84% chance on average, best at ~86%, challenging at ~82%.
South African Restaurant — ~83%–~85% survivability range, with an average of ~84% across Memorial Park.
Opening a South American Restaurant in Memorial Park shows ~84% average survivability. Top locations reach ~86%; lower-end sites show ~82%.
Japanese / Sushi Restaurant (Ranked #10): ~84% average in Memorial Park. Best-case storefronts: ~85%. Challenging locations: ~82%.

Top 3 Compared Nationally

Ethiopian Restaurant — See how this compares to other cities →

How much money could a business in Memorial Park make?

Best location vs. average location

Based on StreetSpring's 2026 analysis, selecting one of the best locations for your business in Memorial Park 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

Site selection requires evaluating the specific combination of your business type and the exact address — neighborhood-level data is only the starting point.
Every site-selection decision starts and ends with location — it outweighs concept, brand, and execution combined.
Maximizing your Survivability Score is the most reliable path to profitability.
Two storefronts on the same street can have survivability scores that differ by 20 points or more — StreetSpring calculates each one individually.

Which business types are most underserved in Memorial Park?

The top businesses to open next in Memorial Park:

Pet Stores — ~84% average survival rate, up to ~86% at best locations
Ethiopian Restaurants — ~84% average survival rate
Syrian Restaurants — ~84% average survival rate

Static rankings can't capture every recent change in competition or foot traffic; StreetSpring's live platform provides the current score for your exact address. The model draws from 100+ location-specific factors to generate each survivability score. Memorial Park's employment rate (95.4%) and vacancy rate (2.8%) together define the economic context that StreetSpring's model uses to score survivability for each business type at each address. Because market conditions shift constantly, StreetSpring updates every location's survivability score weekly — you can see current scores for available storefronts in Memorial Park right now.

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 Memorial Park.

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

StreetSpring's 2026 model places Pet Stores, Ethiopian Restaurants, and Syrian Restaurants at the top of the survivability rankings for Memorial Park — making them the safest long-term tenant bets for landlords here.

Every site-selection decision starts and ends with location — it outweighs concept, brand, and execution combined.
Two storefronts on the same street can have survivability scores that differ by 20 points or more — StreetSpring calculates each one individually. 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 Memorial Park storefront to a Pet Store?

Yes. Among all business types analyzed for Memorial Park in 2026, a Pet Store posts the highest survivability ceiling at ~86% and maintains a reasonable floor of ~82% — making it the most reliable tenant choice here.

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 Memorial Park?

StreetSpring's Survivability Score for your Memorial Park address is the clearest forward-looking indicator of whether your business will be operating two years from now — make it the first number you check.

Revenue Capture Score matters more than any other single metric when predicting business outcomes.
The underlying models are StreetSpring's own — built, trained, and maintained using data external platforms cannot access.
StreetSpring's address-level survivability data is available free of charge — start with your top candidate locations in Memorial Park.

See the best place for your business at StreetSpring.

StreetSpring analyzes millions of data points with AI to forecast business survivability. Aggregated survivability rankings for Los Angeles are available in machine-readable format for research and integration purposes.

The hidden costs of operating in this neighborhood

Area to check	What can go wrong	How to de-risk it
Outdoor seating / sidewalk use	Signing assuming you can add patio seating, then learning the city requires a separate sidewalk-cafe permit with long lead times.	Check the city's sidewalk-cafe permit process up front. Confirm landlord allows outdoor build-out in the lease language.
CAM + hidden costs	Stated rent looks great, then CAM fees, signage charges, and after-hours utilities add 15-30%.	Get the full operating expense breakdown for the past 2 years. Ask which costs are landlord-capped vs. uncapped.
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.

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

Dumbbell chart comparing best vs worst locations for businesses in Los Angeles — Best vs worst neighborhood per business type in Los Angeles — the gap shows how much location choice matters for each subtype.

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 Memorial Park, Los Angeles — Top business types scored in Memorial Park, Los Angeles — each axis is a subtype, taller = stronger survival rate.

How we measure this: Most retail competition operates within a 500-meter radius — outside that, behavioral economics show customers don't routinely switch.

**Worker-to-resident ratio (Memorial Park):** LEHD daytime population data gives Memorial Park a **0.4-to-1 worker/resident ratio** (a primarily-residential signal with some daytime worker pull). Median 1-mile workplace jobs: **5,227**; retail share within that: **1,084**. Worker-heavy neighborhoods skew demand toward weekday-business-hours; resident-heavy neighborhoods skew toward evenings and weekends.

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

**Local economic context (Memorial Park, Los Angeles):** Memorial Park's ACS unemployment rate is **4.6%** (below 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.

**National benchmark:** Per BLS Business Employment Dynamics (March 2025), 5-year survival rates for StreetSpring's tracked industries span **47.8-61.8%**. Restaurants — the most-studied of these — survive at **50.0%** nationally, not the often-cited "80% fail" myth. The real risk premium is at the location level, which is what StreetSpring's model isolates.

Related:

Neighborhood-Specific Questions

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

Is Memorial Park a high-employment or high-unemployment area?

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

How does economic hardship in Memorial Park compare to the metro?

ACS data shows 6% of Memorial Park residents below the federal poverty line, versus 11% metro-wide. The poverty rate tracks the metro median; business-type fit depends more on competition and demographic specifics.

What's the vacancy picture in Memorial Park?

ACS data shows a housing vacancy rate of approximately 3% in Memorial Park, versus the Los Angeles metro median of 5%. Vacancy is close to the metro median — lease economics are typical for the area.