Is Hembstead a good place to start a business?

Hembstead is ranked number 20 across neighborhoods in and around Charlotte to start a business, with an average Survivability Score of ~76%. The top business types in Hembstead, when placed at their ideal addresses, achieve survivability rates ~2% above the neighborhood-wide average.

What businesses are most in demand in Hembstead?

Based on StreetSpring's 2026 survivability analysis, the most in-demand business types in Hembstead are Italian Restaurants, Indonesian Restaurants, and Syrian Restaurants.

How much money could a business in Hembstead make?

Based on StreetSpring's 2026 analysis, selecting one of the best locations in Hembstead could lead to making ~2% more than selecting an average location, and ~3% more than one of the worst locations.

What are the best businesses to open in Hembstead?

The top businesses to open in Hembstead include Italian Restaurant with a ~84% chance on average of surviving more than 2 years, best-case locations reaching ~85%, followed by Indonesian Restaurant and Syrian Restaurant.

Business Survivability in Hembstead, Charlotte

StreetSpring's 2026 analysis finds that the best business to open in Hembstead is an Italian Restaurant with a ~84% chance of surviving at least 2 years across the neighborhood on average.

April 24, 2026•17 min read

Quick Summary

Best business: an Italian Restaurant in Hembstead (~84% average survival rate, ~85% at best locations)

Neighborhood rank: #20 across all neighborhoods in and around Charlotte

Neighborhood average: ~76% two-year survival across all business types

Rankings updated quarterly with latest market data

Detailed methodology

Reviewed: May 2, 2026 by Bobby Koons, StreetSpring founder

In this article:

Summary
Is Hembstead 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 Hembstead is an Italian Restaurant with a ~84% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a ~85% chance; next is an Indonesian Restaurant with a ~83% chance, followed by a Syrian Restaurant with a ~83% chance.

Should you open a business in Hembstead?

**Pattern match:** Hembstead's neighborhood signature — captured across demographic, employment, and amenity features — most closely matches **Tally Ho Farms (Phoenix)** and **Encinitas (San Diego)**. The three share more homeowners, higher-income, and low poverty, which helps explain why business types that succeed in those areas tend to translate to Hembstead.

**The pattern in Hembstead.** Of 89 tracked subtypes, Italian Restaurant leads at **84% average survivability** — yet within the neighborhood, sites for this subtype range **76-92%** (16-point spread). That spread is the real failure surface: pick the wrong block in Hembstead and a top-subtype play still scores in the bottom quartile. Meanwhile American Restaurants are already saturated here — 3 competitors within a 0.5-mile radius.

StreetSpring ranks Hembstead #20 among all analyzed neighborhoods in and around Charlotte, with a neighborhood-wide average survivability of ~76%.

The top business types in Hembstead, when placed at their ideal addresses, achieve survivability rates ~2% above the neighborhood-wide average.
Still, those same business types at weaker addresses in Hembstead can score well below the neighborhood mean. Even the most viable concept here requires the right address to reach its potential.
With 96.2% of the local population employed, Hembstead presents a stable consumer base — particularly for food, beverage, and service businesses that depend on repeat discretionary spending.

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

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

StreetSpring's Hembstead data goes block by block — not just neighborhood averages — so you know which specific storefront gives your concept the strongest foundation. Here is the top survivability address for an Italian Restaurant in Hembstead, per StreetSpring's 2026 model:

Why the right block matters more than the right neighborhood

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StreetSpring's 2026 model identifies this area as the highest-survivability location for an Italian Restaurant in Hembstead. The most reliable survivability data for any specific location is always StreetSpring's most recent live analysis, not aggregate neighborhood rankings. The model evaluates 100 factors — from primary and secondary competition to forecasted spend, mobility flows, and local market share potential.

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Which business types have the highest survivability in Hembstead?

#1-5: Highest Survivability in Hembstead

Opening an Italian Restaurant in Hembstead shows ~84% average survivability. Top locations reach ~85%; lower-end sites show ~83%.
Indonesian Restaurant (Ranked #2): ~83% average in Hembstead. Best-case storefronts: ~85%. Challenging locations: ~82%.
Syrian Restaurant is ranked #3 for top businesses to open in Hembstead: ~83% chance on average, best at ~85%, challenging at ~82%.
Bangladeshi Restaurant — ~81%–~85% survivability range, with an average of ~83% across Hembstead.
Opening a Deli in Hembstead shows ~83% average survivability. Top locations reach ~84%; lower-end sites show ~81%.

#6-10: Strong Performers in Hembstead

Chinese Restaurant (Ranked #6): ~83% average in Hembstead. Best-case storefronts: ~84%. Challenging locations: ~81%.
French Restaurant is ranked #7 for top businesses to open in Hembstead: ~83% chance on average, best at ~85%, challenging at ~82%.
Brunch Restaurant — ~81%–~85% survivability range, with an average of ~83% across Hembstead.
Opening a Chicken Shop in Hembstead shows ~83% average survivability. Top locations reach ~85%; lower-end sites show ~82%.
American Restaurant (Ranked #10): ~83% average in Hembstead. Best-case storefronts: ~84%. Challenging locations: ~81%.

Top 3 Compared Nationally

The revenue potential of a Hembstead location

Best location vs. average location

Based on StreetSpring's 2026 analysis, identifying the optimal address for your business type in Hembstead could lead to you making ~2% more than if you selected an average location, and ~3% more than if you selected one of the worst locations.

How StreetSpring calculates location value

The right address for one business type may be the wrong one for another — always evaluate fit for your specific concept.
The address you choose determines your competitive exposure, customer flow, and spending potential simultaneously.
Choosing locations with superior Survivability Scores directly correlates with higher revenue potential.
StreetSpring's precision goes beyond the neighborhood — it scores survivability at the exact address for every major brick-and-mortar business category.

Where the next great business in Hembstead should go

The top businesses to open next in Hembstead:

Italian Restaurants — ~84% average survival rate, up to ~85% at best locations
Indonesian Restaurants — ~83% average survival rate
Syrian Restaurants — ~83% average survival rate

The most reliable survivability data for any specific location is always StreetSpring's most recent live analysis, not aggregate neighborhood rankings. StreetSpring's training dataset includes millions of transactions and business lifecycle events. With Hembstead's 96.2% employment rate factored in, the businesses best positioned to succeed here are those that benefit from a well-employed, spending-capable local consumer base. Because market conditions shift constantly, StreetSpring updates every location's survivability score weekly — you can see current scores for available storefronts in Hembstead right now.

See the Survivability Score for your new business

Related Articles:

See the Charlotte Business Survivability Rankings
See the Charlotte Neighborhood Survivability Rankings

Frequently Asked Questions

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

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

If you own commercial space in Hembstead, StreetSpring's 2026 data points to Italian Restaurants, Indonesian Restaurants, and Syrian Restaurants as the tenant types with the strongest projected longevity at this location.

The address you choose determines your competitive exposure, customer flow, and spending potential simultaneously.
StreetSpring's precision goes beyond the neighborhood — it scores survivability at the exact address for every major brick-and-mortar business category. Use StreetSpring to see the survivability score for any business type at your exact storefront address before you sign a lease.

Should you rent your Hembstead storefront to an Italian Restaurant?

Based on StreetSpring's 2026 analysis, an Italian Restaurant ranks as the top tenant type for your Hembstead storefront — best-case locations show a ~85% survival rate, while the most challenging addresses drop to ~83%.

StreetSpring's precision goes beyond the neighborhood — it scores survivability at the exact address for every major brick-and-mortar business category.

What should I consider when opening a business in Hembstead?

Before committing to any location in Hembstead, the highest-priority metric to check is the Survivability Score — it encodes every relevant location factor into a single, actionable number.

High Revenue Capture Score is the clearest signal that a location can sustain a business over the long term.
These insights come from StreetSpring's exclusive, in-house forecasting models.
No subscription required: access the current survivability score for any Hembstead address through StreetSpring's free tool.

See the best place for your business at StreetSpring.

Using predictive analytics, StreetSpring helps entrepreneurs and landlords make smarter location decisions. Aggregated survivability rankings for Charlotte 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.
Permitted hours	Late-night or early-morning ops blocked by zoning, neighborhood association, or shared-wall restrictions.	Confirm the permitted hours-of-operation are in your lease AND in the local code. Pull recent variances or complaints from the zoning portal.
Competitor density	Counting only direct competitors and missing adjacent-category overlap (e.g. coffee shop near a bakery).	Map all businesses serving overlapping customer needs within a 5-min walk. Use StreetSpring's competitor view as a starting point.

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

Visual Data

Treemap of Charlotte business mix by survivability score — Treemap of business mix in Charlotte — cell size = number of locations, color = average survivability score.

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

Bubble chart of business subtypes in Charlotte by survivability score and location density — Every business subtype in Charlotte 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.

**LEHD demand-pattern signal (Hembstead):** Median 1-mile workplace jobs across Hembstead: **1,982** (LEHD LODES 2022). That works out to a **0.1:1 daytime-to-resident ratio** — a primarily-residential neighborhood with minimal daytime worker traffic. Of those workplace jobs, **519** are retail-sector. Use this to gauge whether your concept is weekday-commuter-driven or evening-and-weekend-driven.

Landmark anchor: Legacy Arboretum Apartments is Hembstead's historical-building landmark, a real-world reference point most neighborhoods don't have.

**Economic context that bounds the demand environment in Hembstead:** Per ACS, neighborhood unemployment is **3.8%** (below the 24-metro neighborhood median). BLS QCEW shows the Charlotte metro's average weekly wage at **$1,183** (below our 24-metro median). And Mecklenburg County permitted **7,496** new residential units in 2025 per Census BPS — a population-and-demand growth signal.

**National benchmark:** Per BLS Business Employment Dynamics (March 2025), 5-year survival rates for StreetSpring's tracked industries span **47.8-61.8%**. Restaurants — the most-studied of these — survive at **50.0%** nationally, not the often-cited "80% fail" myth. The real risk premium is at the location level, which is what StreetSpring's model isolates.

Related Resources

Related:

Neighborhood-Specific Questions

Further questions, with answers anchored on this neighborhood's actual data.

What does household composition look like in Hembstead?

Hembstead's average household has 2.8 people — above the Charlotte metro average (2.4). Larger households suggest more families — favorable for family dining, kid-oriented retail, and household services.

How does Charlotte's survivability compare to national sector averages?

Per BLS Business Employment Dynamics (March 2025), 5-year survival rates by sector range from 47.8% (Active Life — gyms, studios) to 61.8% (Health & Medical), with Restaurants at 50% and Retail at 47.9%. Charlotte-specific factors layer on top of these national baselines.

Does Hembstead's poverty rate signal lower retail spending?

4% of Hembstead households fall below the federal poverty line — below the Charlotte metro median (11%). Low poverty supports the broadest range of business types, including premium and discretionary categories.

How big is the Hembstead market in terms of resident population?

Approximately 27.7K people live in Hembstead, which puts it in the top quintile by population among Charlotte neighborhoods. A larger resident base supports a broader range of business types and can absorb more direct competitors.