Business Survivability in Pico-Union, Los Angeles
StreetSpring's 2026 analysis finds that the best business to open in Pico-Union is an Eye Care Center with a 82.0% 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: an Eye Care Center in Pico-Union (82.0% average survival rate, 90.0% at best locations)
- Neighborhood rank: #29 of 173 neighborhoods in and around Los Angeles
- Neighborhood average: 71.7% 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 Pico-Union 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 Pico-Union is an Eye Care Center with a 82.0% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a 90.0% chance; next is a Veterinary Clinic with a 80.5% chance, followed by a Chiropractor Office with a 80.8% chance. At a good address, Eye Care Center is tied with Veterinary Clinic; the published file ranks it first on its average.
Is Pico-Union a good place to start a business?
Among the 173 neighborhoods StreetSpring ranks in and around Los Angeles, Pico-Union ranks #29 for business survivability, with an average 71.7% chance of lasting two or more years.
- The gap between the best addresses and the average for the top-ranked business type in Pico-Union is 8.0 points on the two-year chance.
- However, these same business types at the worst locations in Pico-Union can sometimes provide a projected Survivability Score considerably below the average. Thus, even the businesses that are most in need in Pico-Union could have trouble succeeding if the best location is not selected.
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 Pico-Union?
Rather than relying on neighborhood averages, StreetSpring's scoring tells you which specific addresses in Pico-Union give your concept the best odds of survival. The map below highlights the highest-survivability address for an Eye Care Center in Pico-Union:
Based on StreetSpring's 2026 analysis of hundreds of location-specific factors, this area offers the highest projected survivability for an Eye Care Center in Pico-Union. Static rankings can't capture every recent change in competition or consumer spending; StreetSpring's live platform provides the current score for your exact address. Factors evaluated include competition at every distance band, consumer spending forecasts, mobility patterns, and market share projections.
Check if this location is still available →
What are the best businesses to open in Pico-Union?
| # | Business type | Chance of lasting two or more years at a good address |
|---|---|---|
| 1 | Eye Care Center | 89.6% |
| 2 | Veterinary Clinic | 89.6% |
| 3 | Chiropractor Office | 89.2% |
| 4 | Dermatology Clinic | 87.4% |
| 5 | Mental Health Clinic | 87.4% |
| 9 | Liquor Store | 84.6% |
| 10 | Florist | 84.6% |
| 19 | Salad Shop | 84.6% |
| 20 | Chicken Shop | 84.6% |
| 22 | Korean Restaurant | 84.0% |
Ties at a good address: Eye Care Center and Veterinary Clinic are tied; Dermatology Clinic and Mental Health Clinic are tied; Liquor Store, Florist, 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 Pico-Union
- #1 Opening an Eye Care Center in Pico-Union shows 82.0% average survivability. Top locations reach 90.0%; lower-end sites show 58.1%.
- #2 Veterinary Clinic (Ranked #2): 80.5% average in Pico-Union. Best-case storefronts: 90.0%. Challenging locations: 59.4%.
- #3 Chiropractor Office is ranked #3 for top businesses to open in Pico-Union: 80.8% chance on average, best at 90.0%, challenging at 60.2%.
- #4 Dermatology Clinic: 77.4% on average across Pico-Union; best at 90.0%, challenging at 57.7%.
- #5 Opening a Psychiatry or Psychology Practice in Pico-Union shows 77.4% average survivability. Top locations reach 90.0%; lower-end sites show 57.7%.
Strong Performers in Pico-Union
- #9 Liquor Store (Ranked #9): 77.4% average in Pico-Union. Best-case storefronts: 85.0%. Challenging locations: 51.7%.
- #10 Florist is ranked #10 for top businesses to open in Pico-Union: 77.1% chance on average, best at 85.0%, challenging at 52.2%.
- #19 Salad Shop: 72.6% on average across Pico-Union; best at 85.0%, challenging at 52.2%.
- #20 Opening a Chicken Shop in Pico-Union shows 72.5% average survivability. Top locations reach 85.0%; lower-end sites show 52.2%.
- #22 Korean Restaurant (Ranked #22): 79.5% average in Pico-Union. Best-case storefronts: 84.0%. Challenging locations: 62.0%.
Top 3 Compared Nationally
- Eye Care Center: See how this compares to other cities →
- Veterinary Clinic: See how this compares to other cities →
- Chiropractor Office: See how this compares to other cities →
How much money could a business in Pico-Union make?
Best location vs. average location
Based on StreetSpring's 2026 analysis, selecting one of the best locations for your business in Pico-Union 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
- Every business type has unique location requirements that must be considered.
- Every site-selection decision starts with location, the one factor you can check before you sign a lease.
- Compare the Revenue Capture Score of each shortlisted address first: it is the top factor in choosing a location, and it estimates the revenue a business can capture there.
- No other tool calculates survivability at the storefront level across 500+ business types the way StreetSpring does.
What businesses should open next in Pico-Union?
The top businesses to open next in Pico-Union:
- Eye Care Centers: 82.0% average survival rate, 90.0% at the best address
- Veterinary Clinics: 80.5% average survival rate
- Chiropractor Offices: 80.8% average survival rate
Static rankings can't capture every recent change in competition or consumer spending; StreetSpring's live platform provides the current score for your exact address. Every prediction draws on a dataset of millions of business openings, closures, and lifecycle events across the U.S. 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. Survivability scores are recalculated regularly as new competitors open and spending patterns shift: visit StreetSpring to see the current score for any open location in Pico-Union 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
- Explore Eye Care Center survivability across Los Angeles neighborhoods
Frequently Asked Questions
Here are the most common questions about opening a business in Pico-Union.
What type of business should you rent your Pico-Union storefront to?
For landlords in Pico-Union, StreetSpring's 2026 analysis identifies Eye Care Centers, Veterinary Clinics, and Chiropractor Offices as the business types most likely to produce stable, long-term tenancy.
- Every site-selection decision starts with location, the one factor you can check before you sign a lease.
- No other tool calculates survivability at the storefront level across 500+ business types the way StreetSpring does. 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 Pico-Union storefront to an Eye Care Center?
StreetSpring's data confirms an Eye Care Center as the highest-survivability tenant type for Pico-Union. The best addresses show a 90.0% chance of lasting more than 2 years; less optimal addresses score around 58.1%.
- No other tool calculates survivability at the storefront level across 500+ business types the way StreetSpring does.
What should I consider when opening a business in Pico-Union?
In Pico-Union, the first step in your site-selection decision is checking the Survivability Score of the specific address you're evaluating.
- Revenue Capture is where competition meets spending, and it's the number that matters most when choosing a location.
- StreetSpring's proprietary algorithms power these predictions.
- StreetSpring offers a free 10-minute trial of its survivability scores: see how your shortlisted Pico-Union addresses rank right now.
See the best place for your business at StreetSpring.
StreetSpring uses AI to project business survivability across U.S. neighborhoods. 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.