Business Survivability in Wakefield, New York City
StreetSpring's 2026 analysis finds that the best business to open in Wakefield is a Veterinary Clinic with a ~83% 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 Wakefield (~83% average survival rate, ~86% at best locations)
- Neighborhood rank: #144 across all neighborhoods in and around New York City
- Neighborhood average: ~77% 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 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 Veterinary Clinic with a ~83% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a ~86% chance; next is a Dance Club with a 79.23% chance, followed by an American Restaurant with a 78.95% chance.
Is Wakefield a good place to start a business?
StreetSpring ranks Wakefield #144 among all analyzed neighborhoods in and around New York City, with a neighborhood-wide average survivability of ~77%.
- The highest-scoring business types in Wakefield — at their optimal addresses — outperform the neighborhood average by ~11%.
- 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.
- At 90.8% employed, Wakefield'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 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?
With StreetSpring, location selection in Wakefield moves from guesswork to a precise, address-level survivability score for any business type you're considering. This is the address StreetSpring's 2026 analysis recommends most strongly for a Veterinary Clinic in Wakefield:
According to StreetSpring's 2026 analysis, this circle outlines the best area for a Veterinary Clinic in Wakefield. StreetSpring's survivability scores are updated regularly, so the most accurate prediction for your exact storefront is always available in the live tool. 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.
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What are the best businesses to open in Wakefield?
| # | Business type | Chance of lasting two or more years |
|---|---|---|
| 1 | Veterinary Clinic | 82.84% |
| 2 | Dance Club | 79.23% |
| 3 | American Restaurant | 78.95% |
| 4 | Diner | 78.07% |
| 5 | Asian Fusion Restaurant | 77.61% |
| 6 | Dessert Shop | 76.86% |
| 7 | Laundromat | 76.82% |
| 8 | Smoke Shop | 76.78% |
| 9 | Gym | 76.50% |
| 10 | Pet Grooming Shop | 75.92% |
#1-5: Highest Survivability in Wakefield
- Veterinary Clinic — ~78%–~86% survivability range, with an average of 82.84% across Wakefield.
- Opening a Dance Club in Wakefield shows 79.23% average survivability. Top locations reach ~82%; lower-end sites show ~75%.
- American Restaurant (Ranked #3): 78.95% average in Wakefield. Best-case storefronts: ~82%. Challenging locations: ~76%.
- Diner is ranked #4 for top businesses to open in Wakefield: 78.07% chance on average, best at ~82%, challenging at ~75%.
- Asian Fusion Restaurant — ~74%–~81% survivability range, with an average of 77.61% across Wakefield.
#6-10: Strong Performers in Wakefield
- Opening a Dessert Shop in Wakefield shows 76.86% average survivability. Top locations reach ~80%; lower-end sites show ~73%.
- Laundromat (Ranked #7): 76.82% average in Wakefield. Best-case storefronts: ~80%. Challenging locations: ~72%.
- Smoke Shop is ranked #8 for top businesses to open in Wakefield: 76.78% chance on average, best at ~80%, challenging at ~73%.
- Gym — ~73%–~80% survivability range, with an average of 76.50% across Wakefield.
- Opening a Pet Grooming Shop in Wakefield shows 75.92% average survivability. Top locations reach ~79%; lower-end sites show ~71%.
Top 3 Compared Nationally
- Veterinary Clinic — See how this compares to other cities →
- Dance Club — See how this compares to other cities →
- American Restaurant — 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, selecting a storefront that StreetSpring ranks in the top tier for your business type in Wakefield could lead to you making ~11% more than if you selected an average location, and ~29% more than if you selected one of the worst locations.
How StreetSpring calculates location value
- StreetSpring calculates survivability for each business type separately at each address — so the best location for your concept may differ from the neighborhood's overall top-ranked site.
- Location is the biggest factor in a business's future success.
- 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.
What businesses should open next in Wakefield?
The top businesses to open next in Wakefield:
- Veterinary Clinics — 82.84% average survival rate, ~86% at the best address
- Dance Clubs — 79.23% average survival rate
- American Restaurants — 78.95% average survival rate
StreetSpring's survivability scores are updated regularly, so the most accurate prediction for your exact storefront is always available in the live tool. 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 90.8% employment rate in Wakefield is a key signal of consumer health; when combined with the 5.3% vacancy rate, it produces a competitive landscape that favors the business types ranked above. StreetSpring updates survivability scores for available locations weekly — check the live tool now to see which storefronts in Wakefield 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 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 Veterinary Clinics, Dance Clubs, and American Restaurants.
- Location is the biggest factor in a business's future success.
- StreetSpring's precision goes beyond the neighborhood — it scores survivability at the exact address for every major brick-and-mortar business category. StreetSpring's free tool lets you check the survivability score for any business type at any address in Wakefield — 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 Wakefield storefront to a Veterinary Clinic?
Yes. Among all business types analyzed for Wakefield in 2026, a Veterinary Clinic posts the highest survivability ceiling at ~86% and maintains a reasonable floor of ~78% — making it the most reliable tenant choice here.
- 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 Wakefield?
Before committing to any location in Wakefield, the highest-priority metric to check is the Survivability Score — it encodes every relevant location factor into a single, actionable number.
- A strong Revenue Capture Score reflects the ideal balance of manageable competition and robust consumer spending at that specific address.
- These predictions are generated by StreetSpring's proprietary machine learning system, validated against hundreds of thousands of real business outcomes.
- The most current survivability data for Wakefield is free to access on StreetSpring — no account required to check your specific address.
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.