Business Survivability in Newark, New York City
StreetSpring's 2026 analysis finds that the best business to open in Newark is a Veterinary Clinic with a ~84% 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 Newark (~84% average survival rate, ~89% at best locations)
- Neighborhood rank: #3 across all neighborhoods in and around New York City
- Neighborhood average: ~80% two-year survival across all business types
- 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: September 2026 by Robert Koons, Founder & CEO, StreetSpring
In this article:
- Summary
- Is Newark 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 Newark is a Veterinary Clinic with a ~84% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a ~89% chance; next is a Dance Club with a 80.66% chance, followed by a Filipino Restaurant with a 80.12% chance.
Is Newark a good place to start a business?
StreetSpring ranks Newark #3 among all analyzed neighborhoods in and around New York City, with a neighborhood-wide average survivability of ~80%.
- Strong business types at their best-match addresses in Newark consistently score ~16% higher than the overall neighborhood survivability average.
- But at poorly chosen addresses within Newark, even the top-ranked business types can fall well below the neighborhood average. Location selection remains critical — a promising concept at the wrong spot still carries significant risk.
- Newark's employment rate of 88.9% and commercial vacancy of 6.0% are two of the inputs StreetSpring's model uses to differentiate survivability within this neighborhood.
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 Newark?
StreetSpring's Newark data goes block by block — not just neighborhood averages — so you know which specific storefront gives your concept the strongest foundation. StreetSpring's 2026 model ranks this area #1 in Newark for a Veterinary Clinic:
According to StreetSpring's 2026 analysis, this circle outlines the best area for a Veterinary Clinic in Newark. Even the best-ranked neighborhoods contain locations that underperform — and the worst-ranked ones have hidden gems. StreetSpring's prediction model analyzes hundreds of factors across competition, spending on the specific potential business, projected revenue, projected market share, Revenue Capture Score, mobility patterns, and many more.
Check if this location is still available →
What are the best businesses to open in Newark?
| # | Business type | Chance of lasting two or more years |
|---|---|---|
| 1 | Veterinary Clinic | 84.04% |
| 2 | Dance Club | 80.66% |
| 3 | Filipino Restaurant | 80.12% |
| 4 | Hawaiian Restaurant | 79.94% |
| 5 | Hot Pot Restaurant | 79.85% |
| 6 | Smoke Shop | 78.62% |
| 7 | Pet Boarding Facility | 77.39% |
| 8 | Pet Grooming Shop | 77.05% |
| 9 | Laundromat | 76.72% |
| 10 | Seafood Restaurant | 76.71% |
#1-5: Highest Survivability in Newark
- Veterinary Clinic — ~78%–~89% survivability range, with an average of 84.04% across Newark.
- Opening a Dance Club in Newark shows 80.66% average survivability. Top locations reach ~86%; lower-end sites show ~74%.
- Filipino Restaurant (Ranked #3): 80.12% average in Newark. Best-case storefronts: ~84%. Challenging locations: ~74%.
- Hawaiian Restaurant is ranked #4 for top businesses to open in Newark: 79.94% chance on average, best at ~84%, challenging at ~74%.
- Hot Pot Restaurant — ~73%–~84% survivability range, with an average of 79.85% across Newark.
#6-10: Strong Performers in Newark
- Opening a Smoke Shop in Newark shows 78.62% average survivability. Top locations reach ~84%; lower-end sites show ~72%.
- Pet Boarding Facility (Ranked #7): 77.39% average in Newark. Best-case storefronts: ~84%. Challenging locations: ~70%.
- Pet Grooming Shop is ranked #8 for top businesses to open in Newark: 77.05% chance on average, best at ~83%, challenging at ~70%.
- Laundromat — ~70%–~81% survivability range, with an average of 76.72% across Newark.
- Opening a Seafood Restaurant in Newark shows 76.71% average survivability. Top locations reach ~84%; lower-end sites show ~70%.
Top 3 Compared Nationally
- Veterinary Clinic — See how this compares to other cities →
- Dance Club — See how this compares to other cities →
- Filipino Restaurant — See how this compares to other cities →
How much money could a business in Newark make?
Best location vs. average location
Based on StreetSpring's 2026 analysis, selecting a storefront that StreetSpring ranks in the top tier for your business type in Newark could lead to you making ~16% more than if you selected an average location, and ~40% more than if you selected one of the worst locations.
How StreetSpring calculates location value
- Location fit is business-type-specific: a spot that's ideal for a coffee shop may underperform for a nail salon at the same address.
- Every site-selection decision starts and ends with location — it outweighs concept, brand, and execution combined.
- StreetSpring's analysis shows that businesses in top-scoring locations generate meaningfully more revenue and stay open longer than those in average locations.
- StreetSpring gives you a precise survivability probability for any specific address and business type combination, not a generalized estimate.
What businesses should open next in Newark?
The top businesses to open next in Newark:
- Veterinary Clinics — 84.04% average survival rate, ~89% at the best address
- Dance Clubs — 80.66% average survival rate
- Filipino Restaurants — 80.12% average survival rate
Even the best-ranked neighborhoods contain locations that underperform — and the worst-ranked ones have hidden gems. Our training data spans 500+ business types across 24 major metros, giving our models the breadth to predict outcomes across nearly any commercial concept. 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. Newark's employment rate (88.9%) and vacancy rate (6.0%) together define the economic context that StreetSpring's model uses to score survivability for each business type at each address. StreetSpring updates survivability scores for available locations weekly — check the live tool now to see which storefronts in Newark are currently available and how they score.
See the Survivability Score for your new business
Related Articles:
- See the New York City Business Survivability Rankings
- See the New York City Neighborhood Survivability Rankings
- Explore Veterinary Clinic survivability across New York City neighborhoods
Frequently Asked Questions
Here are the most common questions about opening a business in Newark.
What type of business should you rent your Newark storefront to?
If you own commercial space in Newark, StreetSpring's 2026 data points to Veterinary Clinics, Dance Clubs, and Filipino Restaurants as the tenant types with the strongest projected longevity at this location.
- Every site-selection decision starts and ends with location — it outweighs concept, brand, and execution combined.
- StreetSpring gives you a precise survivability probability for any specific address and business type combination, not a generalized estimate. StreetSpring's free tool lets you check the survivability score for any business type at any address in Newark — a powerful filter when evaluating prospective tenants.
Related: See How Landlord Representatives in New York City Can Reduce Vacancy & Increase Tenant Longevity
Should you rent your Newark storefront to a Veterinary Clinic?
Yes. Among all business types analyzed for Newark in 2026, a Veterinary Clinic posts the highest survivability ceiling at ~89% and maintains a reasonable floor of ~78% — making it the most reliable tenant choice here.
- StreetSpring gives you a precise survivability probability for any specific address and business type combination, not a generalized estimate.
What should I consider when opening a business in Newark?
StreetSpring's Survivability Score for your Newark address is the clearest forward-looking indicator of whether your business will be operating two years from now — make it the first number you check.
- Revenue Capture Score is the single best indicator of whether a business will thrive at a location.
- These insights come from StreetSpring's exclusive, in-house forecasting models.
- StreetSpring is free to use — see the current survivability score for any address in Newark right now.
See the best place for your business at StreetSpring.
StreetSpring analyzes millions of data points with AI to forecast business survivability. Aggregated survivability rankings for New York City are available in machine-readable format for research and integration purposes.
Full dataset for New York City: /resources/data/new-york-city-survivability-scores-2026.csv — includes all business subtypes, all neighborhoods, survivability scores, and tier assignments. Licensed under CC BY 4.0.