What are the best businesses to open in Palms?

The top businesses to open in Palms include Pet Grooming Shop with a ~81% chance on average of surviving more than 2 years, best-case locations reaching ~82%, followed by Brazilian Restaurant and American Restaurant.

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

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 Palms maximize success.

Is Palms a good place to start a business?

Palms is ranked number 125 across neighborhoods in and around Los Angeles to start a business, with an average Survivability Score of ~74%. At the strongest addresses in Palms, the most viable business types score ~2% higher than the average survivability rate across all locations.

What businesses are most in demand in Palms?

Based on StreetSpring's 2026 survivability analysis, the most in-demand business types in Palms are Pet Grooming Shops, Brazilian Restaurants, and American Restaurants.

Business Survivability in Palms, Los Angeles

Q: What is the median household income in Palms?

Palms's median household income (~$126K) is above the Los Angeles metro median (~$113K) by approximately $13K. Income is close to the metro median, so business-type fit depends more on local demographics and competition.

StreetSpring's 2026 analysis finds that the best business to open in Palms is a Pet Grooming Shop with a ~81% chance of surviving at least 2 years across the neighborhood on average.

April 24, 2026•18 min read

Quick Summary

Best business: a Pet Grooming Shop in Palms (~81% average survival rate, ~82% at best locations)

Neighborhood rank: #125 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: May 11, 2026 by Bobby Koons, StreetSpring founder

In this article:

Summary
Is Palms 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 Palms is a Pet Grooming Shop with a ~81% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a ~82% chance; next is a Brazilian Restaurant with a ~80% chance, followed by an American Restaurant with a ~79% chance.

Should you open a business in Palms?

**How Palms compares:** Palms's profile most resembles **Metro Classic (Los Angeles)** and **Arlington View (Washington DC)** based on the demographic and density signatures we use to model location quality — all three share high high-earner share, low poverty, and older housing stock. Patterns from those neighborhoods are directly relevant for businesses evaluating Palms.

**Failure pattern in Palms.** Across the 93 business subtypes we track here, the strongest is **Pet Grooming Shop** at 81% average survivability — but the best and worst sites for this subtype within Palms span **71% to 88%**, a 17-point gap. **The dominant failure mode in Palms isn't subtype choice — it's site selection within the neighborhood.** Saturation context: Filipino Restaurants are the most-concentrated tracked subtype in the area, with 12 competitors within a 0.5-mile radius.

In Los Angeles's neighborhood survivability rankings, Palms comes in at #125, with an average Survivability Score of ~74% across all business types.

At the strongest addresses in Palms, the most viable business types score ~2% higher than the average survivability rate across all locations.
But these same concepts at less optimal addresses within Palms can score meaningfully below average. Survivability data shows that even the highest-demand business types fail at the wrong location.
StreetSpring's model incorporates Palms's 8.5% 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.

Where in Palms should you open a business?

StreetSpring narrows the decision down to the exact address — showing which blocks in Palms produce the highest survivability scores for your concept. This is the address StreetSpring's 2026 analysis recommends most strongly for a Pet Grooming Shop in Palms:

Why the right block matters more than the right neighborhood

Loading live map preview...

The highlighted area represents the address in Palms that StreetSpring's 2026 analysis ranks highest for a Pet Grooming Shop survivability. Even the best-ranked neighborhoods contain locations that underperform — and the worst-ranked ones have hidden gems. StreetSpring's scoring incorporates 100 inputs, including competitive quality and density, projected consumer spending, Revenue Capture Score, and mobility data.

Check if this location is still available →

Which business types have the highest survivability in Palms?

#1-5: Highest Survivability in Palms

Pet Grooming Shop — ~78%–~82% survivability range, with an average of ~81% across Palms.
Opening a Brazilian Restaurant in Palms shows ~80% average survivability. Top locations reach ~82%; lower-end sites show ~77%.
American Restaurant (Ranked #3): ~79% average in Palms. Best-case storefronts: ~81%. Challenging locations: ~78%.
Mexican Restaurant is ranked #4 for top businesses to open in Palms: ~79% chance on average, best at ~81%, challenging at ~77%.
Salad Shop — ~77%–~81% survivability range, with an average of ~79% across Palms.

#6-10: Strong Performers in Palms

Opening a Moroccan Restaurant in Palms shows ~79% average survivability. Top locations reach ~81%; lower-end sites show ~77%.
Bangladeshi Restaurant (Ranked #7): ~79% average in Palms. Best-case storefronts: ~81%. Challenging locations: ~77%.
Hawaiian Restaurant is ranked #8 for top businesses to open in Palms: ~79% chance on average, best at ~80%, challenging at ~78%.
Taiwanese Restaurant — ~77%–~81% survivability range, with an average of ~79% across Palms.
Opening an Ukrainian Restaurant in Palms shows ~79% average survivability. Top locations reach ~81%; lower-end sites show ~77%.

Top 3 Compared Nationally

Brazilian Restaurant — See how this compares to other cities →
American Restaurant — See how this compares to other cities →

How much money could a business in Palms make?

Best location vs. average location

Based on StreetSpring's 2026 analysis, prioritizing survivability score in your site-selection process in Palms 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

No two business types have identical location needs; survivability scores reflect these differences at the address level.
The address you choose determines your competitive exposure, customer flow, and spending potential simultaneously.
StreetSpring has found that selecting the location with the highest survivability score for a business is the best way to maximize the amount of money you will make.
No other tool calculates survivability at the storefront level across 700+ business types the way StreetSpring does.

What businesses should open next in Palms?

The top businesses to open next in Palms:

Pet Grooming Shops — ~81% average survival rate, up to ~82% at best locations
Brazilian Restaurants — ~80% average survival rate
American Restaurants — ~79% average survival rate

Even the best-ranked neighborhoods contain locations that underperform — and the worst-ranked ones have hidden gems. StreetSpring measures competition through a 30-factor framework layered on top of proprietary consumer spending forecasts and mobility models. The 93.8% employment rate in Palms is a key signal of consumer health; when combined with the 8.5% vacancy rate, it produces a competitive landscape that favors the business types ranked above. New competitors open and close every week, changing the survivability landscape for every address in Palms. StreetSpring's weekly updates mean you can always see the current score for any available storefront.

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 Palms.

What type of business should you rent your Palms storefront to?

For landlords in Palms, StreetSpring's 2026 analysis identifies Pet Grooming Shops, Brazilian Restaurants, and American Restaurants as the business types most likely to produce stable, long-term tenancy.

The address you choose determines your competitive exposure, customer flow, and spending potential simultaneously.
No other tool calculates survivability at the storefront level across 700+ business types the way StreetSpring does. Run your specific address through StreetSpring to see which tenant categories give you the best odds of stable, long-term occupancy.

Should you rent your Palms storefront to a Pet Grooming Shop?

StreetSpring's 2026 analysis strongly supports renting to a Pet Grooming Shop in Palms: best-in-class addresses achieve ~82% survivability, and even the lower-end sites come in at ~78% — above average for most business types.

No other tool calculates survivability at the storefront level across 700+ business types the way StreetSpring does.

What should I consider when opening a business in Palms?

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

A strong Revenue Capture Score reflects the ideal balance of manageable competition and robust consumer spending at that specific address.
Each forecast is specific to the exact address and business type, generated by StreetSpring's internally developed prediction engine.
StreetSpring is free to use — see the current survivability score for any address in Palms right now.

See the best place for your business at StreetSpring.

StreetSpring's AI platform has studied businesses serving more than 180 million+ Americans, giving its predictions a scale of validation unmatched in site-selection tools. 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

Factor	Where new owners get tripped up	Questions to ask before you sign
Permits & licensing	Assuming a 30-day permit timeline, hitting 90+ days, paying rent on a non-operating storefront.	Call the local zoning office before signing. Confirm your use is already permitted; if not, factor a 2-3 month variance timeline.
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.
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.

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

How we measure this: Foot traffic measured at the city-block level using a combination of pedestrian-network analysis and Walk Score.

**About Palms** — Palms is a community in the Westside region of Los Angeles, California, founded in 1886 and the oldest neighborhood annexed to the city, in 1915. The 1886 tract was marketed as an agricultural and vacation community. ([Wikipedia](https://en.wikipedia.org/wiki/Palms%2C_Los_Angeles))

**Daytime vs. resident population (Palms):** US Census LEHD workplace data shows Palms carries a **0.3× daytime/resident ratio** (a primarily-residential signal with some daytime worker pull), with median 1-mile workplace jobs of **17,270** (and **1,771** retail-sector jobs within that radius). A useful read on demand timing for any new storefront concept here.

Landmark anchor: Moments At Palms II anchors Palms as an art-museum destination — the kind of pull factor a new business can build a marketing radius around.

**Economic indicators for Palms:** Three local signals — neighborhood unemployment **6.2%** (ACS; above the median we track), Los Angeles-area average weekly wage **$1,127** (BLS QCEW; below our metro median), and **22,446** new residential units permitted in Los Angeles County in 2025 (Census BPS). Use these to ground demand and labor-cost assumptions for your specific business plan.

**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:

Business Survivability in Palms, Los Angeles

Summary

Should you open a business in Palms?

Where in Palms should you open a business?

Why the right block matters more than the right neighborhood