Business Survivability in Wakefield, New York City
StreetSpring's 2026 analysis finds that the best business to open in Wakefield is a Convenience Store with a 75.8% 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 Convenience Store in Wakefield (75.8% Typical, 86.4% Best)
- Neighborhood rank: #133 of 180 neighborhoods in and around New York City
- Neighborhood average: 58.2% 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: November 2026 by Robert Koons, Founder & CEO, StreetSpring
In this article:
- Summary
- Is Wakefield 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 Wakefield is a Convenience Store with a 75.8% chance of surviving at least 2 years across the neighborhood on average, and 86.4% Best; next is a Clothing Store with 86.4% Best, followed by a Chiropractor Office with 86.0% Best. On Best, Convenience Store is tied with Clothing Store; the published file ranks it first on its average.
Is Wakefield a good place to start a business?
Wakefield holds the #133 position of 180 neighborhoods in and around New York City for new business survivability, with an average score of 58.2% across the business types ranked there.
- For the top-ranked business type, 86.4% Best is 10.6 points above 75.8% Typical in Wakefield.
- Still, those same business types at weaker addresses in Wakefield can score well below the neighborhood mean. Even the most viable concept here requires the right address to reach its potential.
- With a 90.8% employment rate, Wakefield has the consumer spending foundation that supports a range of brick-and-mortar business types.
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 Wakefield?
StreetSpring scores survivability at the exact address level in Wakefield, so you can compare two storefronts on the same block before committing to a lease. According to StreetSpring's 2026 data, this is the optimal address for a Convenience Store in Wakefield:
This map shows the optimal location for a Convenience Store in Wakefield based on StreetSpring's 2026 survivability analysis. Competition and spending patterns shift constantly; StreetSpring's live tool reflects the most current conditions for any specific address. The prediction model incorporates hundreds of location-specific factors, including competitive density, forecasted consumer spending, mobility patterns, and Revenue Capture Score.
Check if this location is still available →
What are the best businesses to open in Wakefield?
| Rank | Business type | Best | Typical | Worst |
|---|---|---|---|---|
| 1 | Convenience Store | 86.4% | 75.8% | 68.5% |
| 2 | Clothing Store | 86.4% | 75.7% | 68.3% |
| 3 | Chiropractor Office | 86.0% | 78.2% | 70.5% |
| 4 | Cafe | 84.9% | 74.8% | 67.7% |
| 5 | Laundromat | 84.0% | 74.9% | 68.5% |
| 6 | Hair Salon | 79.9% | 71.1% | 63.2% |
| 7 | Bar | 77.3% | 68.8% | 60.2% |
| 8 | Spa | 74.4% | 67.8% | 61.3% |
| 9 | Coffee Shop | 72.3% | 64.5% | 56.8% |
| 10 | Dermatology Clinic | 70.6% | 64.8% | 59.0% |
Best and Worst are the average results for the better and the worse of two addresses picked at random in the place: a weighted average of every scored location in which the best locations count the most for Best and the weakest count the most for Worst. Typical is the average address. Best is shown for a smaller space (half the standard size) and Worst for a larger one (half again as large), at the metro's median asking rent, using the same rent rule as our tool; Typical is at the market rent.
Ties on Best: Convenience Store and Clothing Store are tied. A tie is a tie: the rank column is the published file's order, which looks at Typical next.
Highest Survivability in Wakefield
- #1 Opening a Convenience Store in Wakefield shows 75.8% Typical survivability, 86.4% Best and 68.5% Worst.
- #2 Clothing Store (Ranked #2): 75.7% Typical in Wakefield. Best: 86.4%. Worst: 68.3%.
- #3 Chiropractor Office is ranked #3 for top businesses to open in Wakefield: 78.2% Typical, 86.0% Best, 70.5% Worst.
- #4 Cafe: 74.8% Typical across Wakefield; Best 84.9%, Worst 67.7%.
- #5 Opening a Laundromat in Wakefield shows 74.9% Typical survivability, 84.0% Best and 68.5% Worst.
Strong Performers in Wakefield
- #6 Hair Salon (Ranked #6): 71.1% Typical in Wakefield. Best: 79.9%. Worst: 63.2%.
- #7 Bar is ranked #7 for top businesses to open in Wakefield: 68.8% Typical, 77.3% Best, 60.2% Worst.
- #8 Spa: 67.8% Typical across Wakefield; Best 74.4%, Worst 61.3%.
- #9 Opening a Coffee Shop in Wakefield shows 64.5% Typical survivability, 72.3% Best and 56.8% Worst.
- #10 Dermatology Clinic (Ranked #10): 64.8% Typical in Wakefield. Best: 70.6%. Worst: 59.0%.
Top 3 Compared Nationally
- Convenience Store: See how this compares to other cities →
- Clothing Store: See how this compares to other cities →
- Chiropractor Office: See how this compares to other cities →
How much money could a business in Wakefield make?
Best location vs. average location
Based on StreetSpring's 2026 analysis, choosing an address that maximizes your Revenue Capture Score in Wakefield 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
- 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.
- Location is a decision you can check before you open.
- 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.
- 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 Wakefield?
The top businesses to open next in Wakefield:
- Convenience Stores: 75.8% Typical, 86.4% Best
- Clothing Stores: 75.7% Typical, 86.4% Best
- Chiropractor Offices: 78.2% Typical, 86.0% Best
Competition and spending patterns shift constantly; StreetSpring's live tool reflects the most current conditions for any specific address. 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. StreetSpring's model accounts for Wakefield's 90.8% employment rate when projecting survivability: businesses reliant on discretionary spend benefit disproportionately in well-employed neighborhoods. Because market conditions shift constantly, StreetSpring regularly updates every location's survivability score: you can see current scores for available storefronts in Wakefield right now.
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 Convenience Store survivability across New York City neighborhoods
Frequently Asked Questions
Here are the most common questions about opening a business in Wakefield.
What type of business should you rent your Wakefield storefront to?
According to StreetSpring's 2026 data, the strongest tenant types for a storefront in Wakefield are Convenience Stores, Clothing Stores, and Chiropractor Offices.
- Location is a decision you can check before you open.
- StreetSpring gives you a precise survivability probability for any specific address and business type combination, not a generalized estimate. StreetSpring allows property owners to evaluate any address against 500+ business types, so you can prioritize the categories that score highest at your specific location.
Related: See How Landlord Representatives in New York City Can Reduce Vacancy & Increase Tenant Longevity
Should you rent your Wakefield storefront to a Convenience Store?
Yes, StreetSpring's analysis finds that a Convenience Store would be the best type of business to rent your storefront to in Wakefield, with 86.4% Best and 68.5% Worst for the chance of lasting two or more years.
- 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 Wakefield?
Check the Survivability Score for your specific address in Wakefield before signing a lease, alongside your own read of foot traffic and the local customer base.
- The Revenue Capture Score is the most important factor in choosing a location: it is StreetSpring's estimate of the revenue a business can capture at that address.
- StreetSpring's proprietary algorithms power these predictions.
- You can check the Survivability Score for any storefront in Wakefield with a free 10-minute trial of StreetSpring's live tool.
See the best place for your business at StreetSpring.
Powered by machine learning models trained on real business outcomes, StreetSpring delivers actionable insights. 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.