Business Survivability in Wakefield, New York City
StreetSpring's 2026 analysis finds that the best business to open in Wakefield is a Chiropractor Office with a 78.2% 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 Chiropractor Office in Wakefield (78.2% average survival rate, 90.0% at best locations)
- Neighborhood rank: #125 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: October 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 Chiropractor Office with a 78.2% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a 90.0% chance; next is a Convenience Store with a 75.8% chance, followed by a Clothing Store with a 75.7% chance.
Is Wakefield a good place to start a business?
Among the 180 neighborhoods StreetSpring ranks in and around New York City, Wakefield ranks #125 for business survivability, with an average 58.2% chance of lasting two or more years.
- For the top-ranked business type, the best addresses in Wakefield score 11.8 points higher on the two-year chance than its average there.
- However, those same business types at the weakest addresses in Wakefield can score considerably below average. Even the most in-demand concept in Wakefield will struggle if it opens at the wrong address.
- 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 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's Wakefield data goes block by block (not just neighborhood averages) so you know which specific storefront gives your concept the strongest foundation. This is the address StreetSpring's 2026 analysis recommends most strongly for a Chiropractor Office in Wakefield:
According to StreetSpring's 2026 analysis, this circle outlines the best area for a Chiropractor Office in Wakefield. These figures represent averages across a neighborhood; your specific address may score meaningfully higher or lower depending on block-level competitive conditions. 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 Wakefield?
| # | Business type | Chance of lasting two or more years at a good address |
|---|---|---|
| 1 | Chiropractor Office | 89.6% |
| 2 | Convenience Store | 84.1% |
| 3 | Clothing Store | 84.1% |
| 4 | Hair Salon | 84.0% |
| 5 | Laundromat | 83.6% |
| 6 | Cafe | 83.6% |
| 7 | Bar | 83.6% |
| 8 | Coffee Shop | 83.6% |
| 9 | Gym | 83.1% |
| 10 | Spa | 79.0% |
Ties at a good address: Convenience Store and Clothing Store are tied; Laundromat, Cafe, Bar and Coffee Shop 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.
Highest Survivability in Wakefield
- #1 Chiropractor Office is ranked #1 for top businesses to open in Wakefield: 78.2% chance on average, best at 90.0%, challenging at 56.4%.
- #2 Convenience Store: 75.8% on average across Wakefield; best at 85.0%, challenging at 49.0%.
- #3 Opening a Clothing Store in Wakefield shows 75.7% average survivability. Top locations reach 85.0%; lower-end sites show 49.0%.
- #4 Hair Salon (Ranked #4): 71.1% average in Wakefield. Best-case storefronts: 84.0%. Challenging locations: 48.4%.
- #5 Laundromat is ranked #5 for top businesses to open in Wakefield: 74.9% chance on average, best at 84.0%, challenging at 49.8%.
Strong Performers in Wakefield
- #6 Cafe: 74.8% on average across Wakefield; best at 84.0%, challenging at 51.2%.
- #7 Opening a Bar in Wakefield shows 68.8% average survivability. Top locations reach 84.0%; lower-end sites show 48.4%.
- #8 Coffee Shop (Ranked #8): 64.5% average in Wakefield. Best-case storefronts: 84.0%. Challenging locations: 48.0%.
- #9 Gym is ranked #9 for top businesses to open in Wakefield: 62.1% chance on average, best at 83.6%, challenging at 48.0%.
- #10 Spa: 67.8% on average across Wakefield; best at 84.0%, challenging at 50.7%.
Top 3 Compared Nationally
- Chiropractor Office: See how this compares to other cities →
- Convenience Store: See how this compares to other cities →
- Clothing Store: 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, securing a location with maximum Revenue Capture potential 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
- 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 a decision you can check before you open.
- StreetSpring's Revenue Capture Score, the revenue a business can capture at a specific address, is the factor that matters most when comparing locations.
- StreetSpring generates location-specific predictions tailored to your exact site.
What businesses should open next in Wakefield?
The top businesses to open next in Wakefield:
- Chiropractor Offices: 78.2% average survival rate, 90.0% at the best address
- Convenience Stores: 75.8% average survival rate
- Clothing Stores: 75.7% average survival rate
These figures represent averages across a neighborhood; your specific address may score meaningfully higher or lower depending on block-level competitive conditions. Our models are built using machine learning trained on millions of commercial real estate data points. 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. Wakefield sits at 90.8% employment and 5.3% housing vacancy in Census data, context the model reads alongside competition and consumer spending. These rankings are a snapshot; StreetSpring regularly recalculates survivability for every location in Wakefield, incorporating the latest competitive openings, closures, and spending data: check current locations 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 Chiropractor Office 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?
StreetSpring's 2026 model places Chiropractor Offices, Convenience Stores, and Clothing Stores at the top of the survivability rankings for Wakefield, making them the safest long-term tenant bets for landlords here.
- Location is a decision you can check before you open.
- StreetSpring generates location-specific predictions tailored to your exact site. Landlords can use StreetSpring to match their exact address to the tenant types most likely to stay open and paying rent for two or more years.
Related: See How Landlord Representatives in New York City Can Reduce Vacancy & Increase Tenant Longevity
Should you rent your Wakefield storefront to a Chiropractor Office?
The data shows a Chiropractor Office in Wakefield is the safest long-term bet for a storefront there. Top locations reach 90.0% survivability; lower-end sites show 56.4%.
- StreetSpring generates location-specific predictions tailored to your exact site.
What should I consider when opening a business in Wakefield?
When evaluating potential locations in Wakefield, start with the Survivability Score. It accounts for competition, spending, mobility, and market share in a single figure.
- Revenue Capture is where competition meets spending, and it's the number that matters most when choosing a location.
- These forecasts are generated using StreetSpring's unique analytical framework.
- The most current survivability data for Wakefield is on StreetSpring, and a free 10-minute trial is enough to check your specific address.
See the best place for your business at StreetSpring.
StreetSpring combines proprietary data with advanced analytics to predict which businesses will succeed. 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.