Business Survivability in Palms, Los Angeles
StreetSpring's 2026 analysis finds that the best business to open in Palms is a Veterinary Clinic with a 86.6% 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 Veterinary Clinic in Palms (86.6% average survival rate, 90.0% at best locations)
- Neighborhood rank: #15 of 173 neighborhoods in and around Los Angeles
- Neighborhood average: 76.5% 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: October 2026 by Robert Koons, Founder & CEO, StreetSpring
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 Veterinary Clinic with a 86.6% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a 90.0% chance; next is a Chiropractor Office with a 85.5% chance, followed by an Eye Care Center with a 82.7% chance.
Is Palms a good place to start a business?
Palms is ranked number 15 of 173 neighborhoods in and around Los Angeles to start a business, with an average 76.5% chance of lasting two or more years across the business types ranked there.
- The gap between the best addresses and the average for the top-ranked business type in Palms is 3.4 points on the two-year chance.
- However, these same business types at the worst locations in Palms can sometimes provide a projected Survivability Score considerably below the average. Thus, even the businesses that are most in need in Palms could have trouble succeeding if the best location is not selected.
- With 93.8% of the local population employed, Palms presents a stable consumer base: particularly for food, beverage, and service businesses that depend on repeat discretionary spending.
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 Palms?
StreetSpring's address-level analysis reveals which specific storefronts in Palms offer the strongest survivability odds for your business type. The map below highlights the highest-survivability address for a Veterinary Clinic in Palms:
This map shows the optimal location for a Veterinary Clinic in Palms based on StreetSpring's 2026 survivability analysis. These figures represent averages across a neighborhood; your specific address may score meaningfully higher or lower depending on block-level competitive conditions. The prediction model incorporates hundreds of location-specific factors, including competitive density, forecasted consumer spending, mobility patterns, and Revenue Capture Score.
Check if this location is still available →
What are the best businesses to open in Palms?
| # | Business type | Chance of lasting two or more years at a good address |
|---|---|---|
| 1 | Veterinary Clinic | 90.0% |
| 2 | Chiropractor Office | 89.2% |
| 3 | Eye Care Center | 89.2% |
| 4 | Mental Health Clinic | 88.7% |
| 5 | Acupuncture Clinic | 88.7% |
| 9 | Dance Club | 84.8% |
| 10 | Convenience Store | 84.6% |
| 11 | Clothing Store | 84.6% |
| 17 | Salad Shop | 84.1% |
| 18 | Chicken Shop | 84.1% |
Ties at a good address: Chiropractor Office and Eye Care Center are tied; Mental Health Clinic and Acupuncture Clinic are tied; Convenience Store and Clothing Store are tied; Salad Shop and Chicken Shop are tied. A tie is a tie: the rank column is the published file's order, which looks at the average and the best address next.
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 Palms
- #1 Veterinary Clinic (Ranked #1): 86.6% average in Palms. Best-case storefronts: 90.0%. Challenging locations: 68.8%.
- #2 Chiropractor Office is ranked #2 for top businesses to open in Palms: 85.5% chance on average, best at 90.0%, challenging at 68.8%.
- #3 Eye Care Center: 82.7% on average across Palms; best at 90.0%, challenging at 60.2%.
- #4 Opening a Psychiatry or Psychology Practice in Palms shows 81.5% average survivability. Top locations reach 89.6%; lower-end sites show 59.8%.
- #5 Acupuncture Clinic (Ranked #5): 81.4% average in Palms. Best-case storefronts: 89.6%. Challenging locations: 59.8%.
Strong Performers in Palms
- #9 Dance Club is ranked #9 for top businesses to open in Palms: 76.5% chance on average, best at 86.0%, challenging at 54.5%.
- #10 Convenience Store: 81.2% on average across Palms; best at 85.0%, challenging at 64.3%.
- #11 Opening a Clothing Store in Palms shows 79.5% average survivability. Top locations reach 85.0%; lower-end sites show 54.0%.
- #17 Salad Shop (Ranked #17): 77.4% average in Palms. Best-case storefronts: 85.0%. Challenging locations: 53.5%.
- #18 Chicken Shop is ranked #18 for top businesses to open in Palms: 77.3% chance on average, best at 85.0%, challenging at 53.5%.
Top 3 Compared Nationally
- Veterinary Clinic: See how this compares to other cities →
- Chiropractor Office: See how this compares to other cities →
- Eye Care Center: 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, following the survivability data rather than relying on intuition or foot traffic estimates in Palms 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
- No two business types have identical location needs; survivability scores reflect these differences at the address level.
- A business's location is one of the few things about its future you can check in advance.
- 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 Palms?
The top businesses to open next in Palms:
- Veterinary Clinics: 86.6% average survival rate, 90.0% at the best address
- Chiropractor Offices: 85.5% average survival rate
- Eye Care Centers: 82.7% average survival rate
These figures represent averages across a neighborhood; your specific address may score meaningfully higher or lower depending on block-level competitive conditions. Our models are built using machine learning trained on millions of commercial real estate data points. 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. A housing vacancy rate of 8.5% means the Census estimates that share of Palms's homes and apartments to be vacant; the model reads it as one input among many. These rankings are a snapshot; StreetSpring regularly recalculates survivability for every location in Palms, incorporating the latest competitive openings, closures, and spending data: check current locations 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
- Explore Veterinary Clinic survivability across Los Angeles neighborhoods
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?
If you own commercial space in Palms, StreetSpring's 2026 data points to Veterinary Clinics, Chiropractor Offices, and Eye Care Centers as the tenant types with the strongest projected longevity at this location.
- A business's location is one of the few things about its future you can check in advance.
- StreetSpring scores survivability down to the exact storefront location. StreetSpring can show you which specific address in your portfolio scores highest for each tenant type.
Related: See How Landlord Representatives in Los Angeles Can Reduce Vacancy & Increase Tenant Longevity
Should you rent your Palms storefront to a Veterinary Clinic?
Yes, StreetSpring's analysis finds that a Veterinary Clinic would be the best type of business to rent your storefront to, with a potential 90.0% chance of lasting more than 2 years; however depending on your location, the chances could drop to a 68.8% chance.
- StreetSpring scores survivability down to the exact storefront location.
What should I consider when opening a business in Palms?
When selecting a location in Palms it is crucial to select a location with a very high Survivability Score.
- Revenue Capture Score comes first when comparing locations: it turns local competition and consumer spending into the share of revenue a business can expect to win.
- Each forecast is specific to the exact address and business type, generated by StreetSpring's internally developed prediction engine.
- Start a free 10-minute trial on StreetSpring to see the current survivability score for any address in Palms.
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.
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.