Is Magoun Square a good place to start a business?

Magoun Square is ranked number 10 across neighborhoods in and around Boston to start a business, with an average Survivability Score of ~78%. The highest-scoring business types in Magoun Square — at their optimal addresses — outperform the neighborhood average by ~2%.

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

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 Magoun Square maximize success.

What businesses are most in demand in Magoun Square?

Based on StreetSpring's 2026 survivability analysis, the most in-demand business types in Magoun Square are Dance Clubs, Pet Stores, and Pet Boarding Facilities.

What are the best businesses to open in Magoun Square?

The top businesses to open in Magoun Square include Dance Club with a ~86% chance on average of surviving more than 2 years, best-case locations reaching ~88%, followed by Pet Store and Pet Boarding Facility.

How much money could a business in Magoun Square make?

Based on StreetSpring's 2026 analysis, selecting one of the best locations in Magoun Square could lead to making ~2% more than selecting an average location, and ~5% more than one of the worst locations.

Business Survivability in Magoun Square, Boston

StreetSpring's 2026 analysis finds that the best business to open in Magoun Square is a Dance Club with a ~86% chance of surviving at least 2 years across the neighborhood on average.

April 24, 2026•17 min read

Quick Summary

Best business: a Dance Club in Magoun Square (~86% average survival rate, ~88% at best locations)

Neighborhood rank: #10 across all neighborhoods in and around Boston

Neighborhood average: ~78% 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 5, 2026

In this article:

Summary
Is Magoun Square 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 Magoun Square is a Dance Club with a ~86% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a ~88% chance; next is a Pet Store with a ~86% chance, followed by a Pet Boarding Facility with a ~85% chance.

What does the data say about opening in Magoun Square?

**How Magoun Square compares:** Magoun Square's profile most resembles **Fairview Park (San Francisco)** and **Barney Circle (Washington DC)** based on the demographic and density signatures we use to model location quality — all three share high high-earner share, higher-income, and white-collar job mix. Patterns from those neighborhoods are directly relevant for businesses evaluating Magoun Square.

**Failure pattern in Magoun Square.** Across the 93 business subtypes we track here, the strongest is **Dance Club** at 86% average survivability — but the best and worst sites for this subtype within Magoun Square span **80% to 90%**, a 10-point gap. **The dominant failure mode in Magoun Square isn't subtype choice — it's site selection within the neighborhood.** Saturation context: Middle Eastern Restaurants are the most-concentrated tracked subtype in the area, with 20 competitors within a 0.5-mile radius.

Magoun Square is the #10 most survivable neighborhood for new businesses in and around Boston, with an average score of ~78% across all analyzed categories.

The highest-scoring business types in Magoun Square — at their optimal addresses — outperform the neighborhood average by ~2%.
However, those same business types at the weakest addresses in Magoun Square can score considerably below average. Even the most in-demand concept in Magoun Square will struggle if it opens at the wrong address.
Magoun Square's 3.9% commercial vacancy rate signals the current availability of storefronts and shapes the competitive environment that survivability scores reflect.

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

Where in Magoun Square should you open a business?

The right address in Magoun Square can mean a 20-point survivability difference from an average one — StreetSpring identifies exactly which addresses are worth pursuing. Below is the best location for a Dance Club in Magoun Square:

Walking the neighborhood: what to look for

Loading live map preview...

Based on StreetSpring's 2026 analysis of 100 location-specific factors, this area offers the highest projected survivability for a Dance Club in Magoun Square. Even the best-ranked neighborhoods contain locations that underperform — and the worst-ranked ones have hidden gems. 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 kinds of businesses thrive in Magoun Square?

#1-5: Highest Survivability in Magoun Square

Dance Club (Ranked #1): ~86% average in Magoun Square. Best-case storefronts: ~88%. Challenging locations: ~84%.
Pet Store is ranked #2 for top businesses to open in Magoun Square: ~86% chance on average, best at ~88%, challenging at ~84%.
Pet Boarding Facility — ~83%–~87% survivability range, with an average of ~85% across Magoun Square.
Opening a Japanese / Sushi Restaurant in Magoun Square shows ~85% average survivability. Top locations reach ~87%; lower-end sites show ~83%.
Pet Grooming Shop (Ranked #5): ~85% average in Magoun Square. Best-case storefronts: ~87%. Challenging locations: ~83%.

#6-10: Strong Performers in Magoun Square

Deli is ranked #6 for top businesses to open in Magoun Square: ~85% chance on average, best at ~86%, challenging at ~83%.
Music Store — ~82%–~87% survivability range, with an average of ~85% across Magoun Square.
Opening an Indian Restaurant in Magoun Square shows ~84% average survivability. Top locations reach ~87%; lower-end sites show ~82%.
Taiwanese Restaurant (Ranked #9): ~84% average in Magoun Square. Best-case storefronts: ~86%. Challenging locations: ~83%.
Bangladeshi Restaurant is ranked #10 for top businesses to open in Magoun Square: ~84% chance on average, best at ~86%, challenging at ~83%.

Top 3 Compared Nationally

Dance Club — See how this compares to other cities →

How location selection in Magoun Square affects revenue

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 Magoun Square 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

However, each business concept should be evaluated for fit within each potential location.
Site selection is the highest-leverage decision most entrepreneurs make — it sets every other variable in motion.
Across every business type we've analyzed, location quality as measured by Survivability Score is the strongest predictor of financial performance.
Every survivability score StreetSpring produces is specific to the exact address and business type — not averaged across a zip code or neighborhood.

Where the next great business in Magoun Square should go

The top businesses to open next in Magoun Square:

Dance Clubs — ~86% average survival rate, up to ~88% at best locations
Pet Stores — ~86% average survival rate
Pet Boarding Facilities — ~85% average survival rate

Even the best-ranked neighborhoods contain locations that underperform — and the worst-ranked ones have hidden gems. The model draws from 100+ location-specific factors to generate each survivability score. StreetSpring's model accounts for Magoun Square's 97.9% employment rate when projecting survivability — businesses reliant on discretionary spend benefit disproportionately in well-employed neighborhoods. StreetSpring updates survivability scores for available locations weekly — check the live tool now to see which storefronts in Magoun Square are currently available and how they score.

See the Survivability Score for your new business

Related Articles:

See the Boston Business Survivability Rankings
See the Boston Neighborhood Survivability Rankings

Frequently Asked Questions

Here are the most common questions about opening a business in Magoun Square.

What type of business should you rent your Magoun Square storefront to?

StreetSpring's 2026 model places Dance Clubs, Pet Stores, and Pet Boarding Facilities at the top of the survivability rankings for Magoun Square — making them the safest long-term tenant bets for landlords here.

Site selection is the highest-leverage decision most entrepreneurs make — it sets every other variable in motion.
Every survivability score StreetSpring produces is specific to the exact address and business type — not averaged across a zip code or neighborhood. Landlords can use StreetSpring to match their exact address to the tenant types most likely to stay open and paying rent for 2+ years.

Should you rent your Magoun Square storefront to a Dance Club?

StreetSpring's 2026 analysis strongly supports renting to a Dance Club in Magoun Square: best-in-class addresses achieve ~88% survivability, and even the lower-end sites come in at ~84% — above average for most business types.

Every survivability score StreetSpring produces is specific to the exact address and business type — not averaged across a zip code or neighborhood.

What should I consider when opening a business in Magoun Square?

Among all the criteria to weigh when opening a business in Magoun Square, Survivability Score carries the most predictive weight — choose the address with the highest score your budget allows.

Where survivability is highest, Revenue Capture Score is invariably strong — the two are tightly correlated across every business type we've analyzed.
Every survivability score is produced by StreetSpring's private prediction engine — not available through any other platform.
StreetSpring is free to use — see the current survivability score for any address in Magoun Square 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 Boston are available in machine-readable format for research and integration purposes.

Lease structure questions to ask first

Area to check	What can go wrong	How to de-risk it
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.
Anchor co-tenancy	Signing next to a high-traffic anchor that closes 6 months later, leaving you orphaned.	Ask for a co-tenancy clause — rent abatement or termination right if the anchor leaves. Standard for strong markets.
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.

Full dataset for Boston: /resources/data/boston-survivability-scores-2026.csv — includes all business subtypes, all neighborhoods, survivability scores, and tier assignments. Licensed under CC BY 4.0.

Visual Data

Radar chart of business-subtype survivability in Magoun Square, Boston — Top business types scored in Magoun Square, Boston — each axis is a subtype, taller = stronger survival rate.

Bubble chart of business subtypes in Boston by survivability score and location density — Every business subtype in Boston plotted by score vs location count — bubble size shows market depth.

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

**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%**.

**Worker-to-resident ratio (Magoun Square):** LEHD daytime population data gives Magoun Square a **1.8-to-1 worker/resident ratio** (a balanced mixed-use pattern). Median 1-mile workplace jobs: **14,207**; retail share within that: **1,922**. Worker-heavy neighborhoods skew demand toward weekday-business-hours; resident-heavy neighborhoods skew toward evenings and weekends.

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

**Magoun Square economic snapshot:** ACS reports neighborhood unemployment at **2.1%** (below the 24-metro neighborhood median we track). The Boston metro's BLS QCEW average weekly wage is **$1,631** (above our metro median), and the Census Bureau's Building Permits Survey logged **2,338** new residential permits in Suffolk County in 2025 — useful triangulation for population-growth and labor-cost assumptions in this neighborhood.

Related Resources

Related:

Local Data Questions

Additional questions with answers drawn directly from local data sources.

What survival rates does the federal government track for small businesses?

BLS Business Employment Dynamics data (March 2025 release) shows 5-year survival rates spanning 47.8% (Active Life) to 61.8% (Health & Medical) across the 11 sectors StreetSpring tracks. Restaurants — the most studied category — survive at 50% nationally, well above the often-cited "80% fail" myth.

Are storefronts and homes filling up or sitting empty in Magoun Square?

ACS data shows a housing vacancy rate of approximately 4% in Magoun Square, versus the Boston metro median of 5%. Vacancy is close to the metro median — lease economics are typical for the area.

What share of Magoun Square residents have a bachelor's degree or higher?

ACS data shows 57% of adults in Magoun Square with a bachelor's degree or higher, versus the metro median of 58%. Education attainment is close to the metro median, so business-type signals come more from income and density.