Business Survivability in Elmwood, Philadelphia
StreetSpring's 2026 analysis finds that the best business to open in Elmwood is a Veterinary Clinic with a 77.2% 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 Veterinary Clinic in Elmwood (77.2% average survival rate, 88.3% at best locations)
- Neighborhood rank: #92 of 127 neighborhoods in and around Philadelphia
- Neighborhood average: 63.2% 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 Elmwood 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 Elmwood is a Veterinary Clinic with a 77.2% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a 88.3% chance; next is a Chiropractor Office with a 78.6% chance, followed by a Physical Therapy Clinic with a 76.2% chance.
Is Elmwood a good place to start a business?
StreetSpring ranks Elmwood #92 of 127 neighborhoods in and around Philadelphia, with an average Survivability Score of 63.2% across the business types ranked there.
- For the top-ranked business type, the best addresses in Elmwood score 11.1 points higher on the two-year chance than its average there.
- That said, the same business types at the worst-fit addresses in Elmwood can drop substantially below average. The survivability gap between the best and worst addresses in a single neighborhood can be 20 points or more.
- Housing vacancy in Elmwood sits at 6.4%, a Census figure that StreetSpring's model reads for every business type it scores here.
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 Elmwood?
StreetSpring scores each block in Elmwood so you can see which ones give a business the best two-year chance. According to StreetSpring's 2026 data, this is the optimal address for a Veterinary Clinic in Elmwood:
StreetSpring's 2026 model identifies this area as the highest-survivability location for a Veterinary Clinic in Elmwood. However, individual locations vary widely, and even in lower-scoring neighborhoods there are pockets that perform exceptionally well. The model evaluates hundreds of factors, from primary and secondary competition to forecasted spend, site accessibility, and local market share potential.
Check if this location is still available →
What are the best businesses to open in Elmwood?
| # | Business type | Chance of lasting two or more years at a good address |
|---|---|---|
| 1 | Veterinary Clinic | 86.6% |
| 2 | Chiropractor Office | 85.8% |
| 3 | Physical Therapy Clinic | 85.8% |
| 4 | Dermatology Clinic | 85.8% |
| 8 | Convenience Store | 84.6% |
| 9 | Clothing Store | 84.6% |
| 10 | Cafe | 83.6% |
| 11 | Hair Salon | 83.6% |
| 12 | Coffee Shop | 83.6% |
| 13 | Laundromat | 83.6% |
Ties at a good address: Chiropractor Office, Physical Therapy Clinic and Dermatology Clinic are tied; Convenience Store and Clothing Store are tied; Cafe, Hair Salon, Coffee Shop and Laundromat 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 Elmwood
- #1 Veterinary Clinic: 77.2% on average across Elmwood; best at 88.3%, challenging at 59.4%.
- #2 Opening a Chiropractor Office in Elmwood shows 78.6% average survivability. Top locations reach 90.0%; lower-end sites show 63.2%.
- #3 Physical Therapy Clinic (Ranked #3): 76.2% average in Elmwood. Best-case storefronts: 88.3%. Challenging locations: 61.1%.
- #4 Dermatology Clinic is ranked #4 for top businesses to open in Elmwood: 76.0% chance on average, best at 88.3%, challenging at 60.7%.
- #8 Convenience Store: 78.8% on average across Elmwood; best at 85.0%, challenging at 49.0%.
Strong Performers in Elmwood
- #9 Opening a Clothing Store in Elmwood shows 75.5% average survivability. Top locations reach 85.0%; lower-end sites show 49.0%.
- #10 Cafe (Ranked #10): 78.8% average in Elmwood. Best-case storefronts: 84.0%. Challenging locations: 49.4%.
- #11 Hair Salon is ranked #11 for top businesses to open in Elmwood: 77.1% chance on average, best at 84.0%, challenging at 48.4%.
- #12 Coffee Shop: 74.5% on average across Elmwood; best at 84.0%, challenging at 50.2%.
- #13 Opening a Laundromat in Elmwood shows 72.2% average survivability. Top locations reach 84.0%; lower-end sites show 48.0%.
Top 3 Compared Nationally
- Veterinary Clinic: See how this compares to other cities →
- Chiropractor Office: See how this compares to other cities →
- Physical Therapy Clinic: See how this compares to other cities →
How much money could a business in Elmwood make?
Best location vs. average location
Based on StreetSpring's 2026 analysis, following the survivability data rather than relying on intuition or foot traffic estimates in Elmwood 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
- Site-specific factors can dramatically alter outcomes even within the same neighborhood.
- Location is a decision you can check before you open.
- 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 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 Elmwood?
The top businesses to open next in Elmwood:
- Veterinary Clinics: 77.2% average survival rate, 88.3% at the best address
- Chiropractor Offices: 78.6% average survival rate
- Physical Therapy Clinics: 76.2% average survival rate
However, individual locations vary widely, and even in lower-scoring neighborhoods there are pockets that perform exceptionally well. The model draws from 100+ location-specific factors to generate each survivability score. 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 85.4% employment rate in Elmwood is a key signal of consumer health, and the 6.4% housing vacancy rate is another Census characteristic the model reads for the rankings above. Survivability scores are recalculated regularly as new competitors open and spending patterns shift: visit StreetSpring to see the current score for any open location in Elmwood right now.
See the Survivability Score for your new business
Related Articles:
- See the Philadelphia Business Survivability Rankings
- See the Philadelphia Neighborhood Survivability Rankings
- Explore Veterinary Clinic survivability across Philadelphia neighborhoods
Frequently Asked Questions
Here are the most common questions about opening a business in Elmwood.
What type of business should you rent your Elmwood storefront to?
According to StreetSpring's 2026 data, the strongest tenant types for a storefront in Elmwood are Veterinary Clinics, Chiropractor Offices, and Physical Therapy Clinics.
- Location is a decision you can check before you open.
- StreetSpring's precision goes beyond the neighborhood: it scores survivability at the exact address for every major brick-and-mortar business category. 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 Philadelphia Can Reduce Vacancy & Increase Tenant Longevity
Should you rent your Elmwood storefront to a Veterinary Clinic?
The data shows a Veterinary Clinic in Elmwood is the safest long-term bet for a storefront there. Top locations reach 88.3% survivability; lower-end sites show 59.4%.
- 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 Elmwood?
When evaluating potential locations in Elmwood, start with the Survivability Score. It accounts for competition, spending, mobility, and market share in a single figure.
- 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.
- These predictions are generated by StreetSpring's proprietary machine learning system, validated against hundreds of thousands of real business outcomes.
- StreetSpring's address-level survivability data starts with a free 10-minute trial: begin with your top candidate locations in Elmwood.
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 Philadelphia are available in machine-readable format for research and integration purposes.
Full dataset for Philadelphia: /resources/data/philadelphia-survivability-scores-2026.csv: includes all business subtypes, all neighborhoods, survivability scores, and tier assignments. Licensed under CC BY 4.0.