Business Survivability in Mayfair, Chicago
StreetSpring's 2026 analysis finds that the best business to open in Mayfair is a Veterinary Clinic with a 77.5% 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 Mayfair (77.5% average survival rate, 89.6% at best locations)
- Neighborhood rank: #65 of 99 neighborhoods in and around Chicago
- Neighborhood average: 64.4% 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 Mayfair 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 Mayfair is a Veterinary Clinic with a 77.5% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a 89.6% chance; next is a Clothing Store with a 76.8% chance, followed by a Convenience Store with a 77.5% chance.
Is Mayfair a good place to start a business?
Mayfair is ranked number 65 of 99 neighborhoods in and around Chicago to start a business, with an average 64.4% chance of lasting two or more years across the business types ranked there.
- At its best addresses in Mayfair, the top-ranked business type scores 12.1 points above its own average in the neighborhood.
- However, those high-scoring categories placed at the least-competitive addresses in Mayfair often fall well below average. Picking the right block (not just the right neighborhood) is what actually determines survivability.
- At 97.2% employed, Mayfair's consumer base has the spending capacity that makes the neighborhood viable for a wide range of business types, though location selection within the neighborhood still determines actual survivability.
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 Mayfair?
StreetSpring's address-level analysis reveals which specific storefronts in Mayfair offer the strongest survivability odds for your business type. This is the address StreetSpring's 2026 analysis recommends most strongly for a Veterinary Clinic in Mayfair:
Based on StreetSpring's 2026 analysis of hundreds of location-specific factors, this area offers the highest projected survivability for a Veterinary Clinic in Mayfair. Competition and spending patterns shift constantly; StreetSpring's live tool reflects the most current conditions for any specific 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 Mayfair?
| # | Business type | Chance of lasting two or more years at a good address |
|---|---|---|
| 1 | Veterinary Clinic | 89.6% |
| 2 | Clothing Store | 84.6% |
| 3 | Convenience Store | 84.2% |
| 4 | Laundromat | 84.0% |
| 5 | Spa | 83.6% |
| 6 | Coffee Shop | 83.6% |
| 7 | Hair Salon | 83.6% |
| 8 | Bar | 83.6% |
| 10 | Cafe | 83.2% |
| 11 | Turkish Restaurant | 82.9% |
Ties at a good address: Spa, Coffee Shop, Hair Salon and Bar 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 Mayfair
- #1 Opening a Veterinary Clinic in Mayfair shows 77.5% average survivability. Top locations reach 89.6%; lower-end sites show 66.6%.
- #2 Clothing Store (Ranked #2): 76.8% average in Mayfair. Best-case storefronts: 85.0%. Challenging locations: 61.6%.
- #3 Convenience Store is ranked #3 for top businesses to open in Mayfair: 77.5% chance on average, best at 84.6%, challenging at 65.2%.
- #4 Laundromat: 76.4% on average across Mayfair; best at 84.0%, challenging at 62.4%.
- #5 Opening a Spa in Mayfair shows 78.5% average survivability. Top locations reach 84.0%; lower-end sites show 67.8%.
Strong Performers in Mayfair
- #6 Coffee Shop (Ranked #6): 75.8% average in Mayfair. Best-case storefronts: 84.0%. Challenging locations: 63.3%.
- #7 Hair Salon is ranked #7 for top businesses to open in Mayfair: 74.3% chance on average, best at 83.6%, challenging at 59.7%.
- #8 Bar: 69.6% on average across Mayfair; best at 84.0%, challenging at 52.5%.
- #10 Opening a Cafe in Mayfair shows 74.8% average survivability. Top locations reach 84.0%; lower-end sites show 60.2%.
- #11 Turkish Restaurant (Ranked #11): 76.8% average in Mayfair. Best-case storefronts: 83.6%. Challenging locations: 62.0%.
Top 3 Compared Nationally
- Veterinary Clinic: See how this compares to other cities →
- Clothing Store: See how this compares to other cities →
- Convenience Store: See how this compares to other cities →
How much money could a business in Mayfair make?
Best location vs. average location
Based on StreetSpring's 2026 analysis, securing a location with maximum Revenue Capture potential in Mayfair 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
- 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.
- When the question is money, the Revenue Capture Score comes first: it is StreetSpring's estimate of the revenue a business can capture at a specific address.
- No other tool calculates survivability at the storefront level across 500+ business types the way StreetSpring does.
What businesses should open next in Mayfair?
The top businesses to open next in Mayfair:
- Veterinary Clinics: 77.5% average survival rate, 89.6% at the best address
- Clothing Stores: 76.8% average survival rate
- Convenience Stores: 77.5% average survival rate
Competition and spending patterns shift constantly; StreetSpring's live tool reflects the most current conditions for any specific address. StreetSpring measures competition through a 30-factor framework layered on top of proprietary consumer spending forecasts and mobility models. 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. The 5.9% housing vacancy rate in Mayfair describes the neighborhood as a whole; survivability still depends heavily on choosing the right address within it. The data behind these rankings is updated regularly, so the best available storefront in Mayfair today may score differently than it did last month: check StreetSpring's live tool for the current picture.
See the Survivability Score for your new business
Related Articles:
- See the Chicago Business Survivability Rankings
- See the Chicago Neighborhood Survivability Rankings
- Explore Veterinary Clinic survivability across Chicago neighborhoods
Frequently Asked Questions
Here are the most common questions about opening a business in Mayfair.
What type of business should you rent your Mayfair storefront to?
StreetSpring's 2026 model places Veterinary Clinics, Clothing Stores, and Convenience Stores at the top of the survivability rankings for Mayfair, 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.
- No other tool calculates survivability at the storefront level across 500+ business types the way StreetSpring does. Use StreetSpring to see the survivability score for any business type at your exact storefront address before you sign a lease.
Related: See How Landlord Representatives in Chicago Can Reduce Vacancy & Increase Tenant Longevity
Should you rent your Mayfair storefront to a Veterinary Clinic?
Based on StreetSpring's 2026 analysis, a Veterinary Clinic ranks as the top tenant type for your Mayfair storefront: best-case locations show a 89.6% survival rate, while the most challenging addresses drop to 66.6%.
- 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 Mayfair?
Don't commit to a storefront in Mayfair without first checking its Survivability Score: two addresses on the same block can carry different projected chances.
- 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.
- The underlying models are StreetSpring's own: built, trained, and maintained using data external platforms cannot access.
- StreetSpring's address-level survivability data starts with a free 10-minute trial: begin with your top candidate locations in Mayfair.
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 Chicago are available in machine-readable format for research and integration purposes.
Full dataset for Chicago: /resources/data/chicago-survivability-scores-2026.csv: includes all business subtypes, all neighborhoods, survivability scores, and tier assignments. Licensed under CC BY 4.0.