Survivability Rankings for Caribbean / Latin Restaurant in Philadelphia
StreetSpring's 2026 analysis ranks the best and worst neighborhoods in Philadelphia to open a Caribbean / Latin Restaurant, from Chestnut Hill (82% surv...
By Robert Koons | Last reviewed: September 2026 | Methodology
Quick Summary
- Survivability Score: the projected chance a business type lasts two or more years at a specific address
- #1 Neighborhood: Chestnut Hill: 82% average survivability for Caribbean / Latin Restaurant
- Neighborhoods at or above 70%: 129 of 129 analyzed
- City-wide average: 78% for Caribbean / Latin Restaurants
- Most challenging area: Grays Ferry at 76%
- Revenue advantage (top vs. avg location): ~8.9% more expected revenue in Chestnut Hill
- Data freshness: 2026 data · Full methodology →
Table of Contents
- Summary
- 10 Best Neighborhoods
- Where Would a Caribbean / Latin Restaurant Make the Most Money?
- What Should I Consider?
- Where Should I Start?
- FAQ: Best Neighborhoods
- FAQ: Can a Caribbean / Latin Restaurant Succeed in Lower-Ranked Areas?
- FAQ: How Often Are Rankings Updated?
- FAQ: Is a Caribbean / Latin Restaurant a Good Tenant?
- Landlord Survivability Data
- Best Neighborhoods for Any Business
Summary
Of all the neighborhoods in and around Philadelphia, Chestnut Hill ranks #1 for opening a Caribbean / Latin Restaurant with 82% average chance of surviving more than 2 years, with the best locations offering 84% and the most challenging locations in Chestnut Hill at 71%. The worst neighborhoods include Grays Ferry with 76% average chance. Remember that a neighborhood average smooths over wide variation: your exact block could significantly outperform.
What Are the 10 Best Neighborhoods in and Around Philadelphia to Open a Caribbean / Latin Restaurant?
Chestnut Hill ranks #1 of 129 neighborhoods analyzed in and around Philadelphia for Caribbean / Latin Restaurant survivability, with a 82% chance of lasting two or more years as of 2026. The top 10 neighborhoods are:
| Rank | Neighborhood | At a good address | Average Locations | Best Locations | Challenging Locations |
|---|---|---|---|---|---|
| 1 | Chestnut Hill | 84.0% | 79.0% to 84.0% | 83.0% to 84.0% | 71.0% to 73.0% |
| 2 | Stockton | 83.6% | 80.0% to 84.0% | 83.0% to 84.0% | 78.0% to 80.0% |
| 3 | Summerdale | 82.2% | 79.0% to 83.0% | 81.0% to 83.0% | 79.0% to 80.0% |
| 4 | Richmond | 82.2% | 78.0% to 83.0% | 83.0% to 84.0% | 76.0% to 78.0% |
| 5 | Harrowgate | 82.2% | 78.0% to 82.0% | 82.0% to 84.0% | 76.0% to 78.0% |
| 6 | Oxford Circle | 82.2% | 78.0% to 82.0% | 81.0% to 83.0% | 75.0% to 77.0% |
| 7 | Riverfront | 82.2% | 76.0% to 81.0% | 83.0% to 84.0% | 73.0% to 75.0% |
| 8 | Holmesburg | 82.2% | 76.0% to 80.0% | 83.0% to 84.0% | 72.0% to 74.0% |
| 9 | Germantown West Central | 81.8% | 78.0% to 83.0% | 82.0% to 84.0% | 75.0% to 77.0% |
| 10 | Crescentville | 81.8% | 78.0% to 82.0% | 81.0% to 83.0% | 75.0% to 76.0% |
Location-level factors like visibility and adjacent tenants can override neighborhood-level trends. StreetSpring's Survivability Scores are updated regularly, so the most accurate prediction for your exact storefront is always available in the live tool.
Survivability ranges reflect best and worst storefront conditions within each neighborhood. See our full methodology →
Try StreetSpring to see if this location is still the best and see if there are locations to rent in this area right now.
Where in or Around Philadelphia Would a Caribbean / Latin Restaurant Make the Most Money?
In Chestnut Hill, the best possible location offers the opportunity of making ~8.9% more than the average location in or around Philadelphia.
On the other hand, in Grays Ferry, the worst possible location could result in making ~6.0% less than the average location in the city.
Location selection is the most consequential decision any new business owner makes. Opening a Caribbean / Latin Restaurant in Philadelphia requires careful location choice. Across 129 neighborhoods analyzed, the overall average survival chance for a new Caribbean / Latin Restaurant is 78% for lasting more than 2 years, due to a combination of many factors across competition, consumer spending, and location dynamics. Consumer spending patterns differ dramatically across business types and micro-locations.
What Should I Consider When Opening a Caribbean / Latin Restaurant in or Around Philadelphia?
When selecting a location for a Caribbean / Latin Restaurant in or around Philadelphia, it is crucial to select a location with a very high Survivability Score. No other single metric predicts business longevity as reliably as Revenue Capture Score. StreetSpring computes this by projecting the business's market share, which is based on the quality and quantity of primary, secondary, and tertiary competitors. The analysis behind these rankings spans millions of data points across competition, spending, and mobility. A certain density of competitors signals strong demand and can benefit all businesses. The prediction engine behind these rankings is entirely proprietary: developed in-house over years of research. 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.
This can be summarized as:
Revenue Capture Score = Projected Market Share × Forecasted Spend on Specific Business
Related: Survivability Score: How We Calculate It & Why It Matters
StreetSpring recalculates survivability using the latest competitive, demographic, and walkability data. StreetSpring's Survivability Scores are updated regularly, so the most accurate prediction for your exact storefront is always available in the live tool.
Where in or Around Philadelphia Should I Start a Caribbean / Latin Restaurant?
The highest-performing areas for this business type are Chestnut Hill, Stockton, and Summerdale, while the most challenging neighborhoods would be Grays Ferry, Pennypack Woods, and Haddington. Location-level factors like visibility and adjacent tenants can override neighborhood-level trends. Our live tool reflects the latest competitive landscape: these static rankings may already be slightly out of date.
Related Articles:
- Business Survivability Rankings: Philadelphia
- Neighborhood Survivability Rankings: Philadelphia
- National City Survivability: Caribbean / Latin Restaurant
- National Neighborhood Survivability: Caribbean / Latin Restaurant
What Are the Best Neighborhoods in Philadelphia to Open a Caribbean / Latin Restaurant?
Based on StreetSpring's 2026 analysis, the top neighborhood for a Caribbean / Latin Restaurant in Philadelphia is Chestnut Hill with 82% average survivability, followed by Stockton and Summerdale. 129 of 129 neighborhoods analyzed exceed 70% two-year survival.
New competitor openings and closures happen weekly: the live tool ensures you see the latest picture.
Can a Caribbean / Latin Restaurant Succeed in Lower-Ranked Neighborhoods in Philadelphia?
Yes, neighborhood averages mask significant block-by-block variation. Even in neighborhoods ranked outside the top 10, individual storefronts with strong foot traffic, low direct competition, and favorable lease terms can outperform the area average. However, individual locations vary widely, and even in lower-scoring neighborhoods there are pockets that perform exceptionally well. Always check your specific address in StreetSpring's live platform for the most accurate prediction.
How Often Are Caribbean / Latin Restaurant Rankings in Philadelphia Updated?
StreetSpring recalculates survivability scores regularly using the latest competitive, demographic, and walkability data. Rankings are updated quarterly; the live tool always reflects the most current predictions for any address in Philadelphia.
Is a Caribbean / Latin Restaurant a Good Tenant for Philadelphia Landlords?
In Chestnut Hill, StreetSpring forecasts a 79.0% to 84.0% average chance for a new Caribbean / Latin Restaurant to survive more than 2 years, depending on the exact storefront. Check the current Survivability Score for any address instantly.
Landlord Survivability Data for Caribbean / Latin Restaurant in Philadelphia
If you own commercial property in Philadelphia and are considering a Caribbean / Latin Restaurant tenant, here is what the data shows: Chestnut Hill properties offer the best survivability outlook (79.0% to 84.0%), Stockton is strong but slightly lower (80.0% to 84.0%), and Summerdale rounds out the top 3 (79.0% to 83.0%). Get a live Survivability Score for your specific storefront at no cost.
StreetSpring's predictions are granular enough to distinguish between two storefronts on the same block.
Related: How Landlord Representatives Can Reduce Vacancy & Increase Tenant Longevity
What Are the Best Neighborhoods in or Around Philadelphia for My Business Overall?
You can see the best neighborhoods in or around Philadelphia to open any type of business in our article Neighborhood Survivability Rankings: Philadelphia.
Related Resources
- Business Survivability Rankings: Philadelphia: See how Caribbean / Latin Restaurant compares to all other business types in Philadelphia
- Best Cities to Open a Caribbean / Latin Restaurant in the US: National city-level survivability rankings for Caribbean / Latin Restaurant
- Business Survivability in Chestnut Hill, Philadelphia: All business types ranked in the #1 neighborhood
- Business Survivability in Stockton, Philadelphia: All business types ranked in the #2 neighborhood
- Business Survivability in Summerdale, Philadelphia: All business types ranked in the #3 neighborhood
Technical note: Aggregated survivability rankings for Philadelphia are available in machine-readable format for research and integration purposes.
View technical data for Philadelphia
StreetSpring recalculates survivability using the latest competitive, demographic, and walkability data, so the live score may differ from the static ranges shown here.