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Traffic: 73. Rent: $28/sqft. Income: $52K.
Verified Market Research
Best Retail Store Location in Providence
The retail store opportunity in Providence factors 1.7M addressable market, $28/sqft occupancy cost, and the sector's 32% survival baseline.
Launching a retail store in Providence requires $120K capital against $52K household income (2.3x multiple).
76/100 opportunity score
1,676,000 metro residents
$52,000 average income
38/100 launch timing score
Cautious - High Preparation
190K
City Headcount
$52K
Median Income
High
Market Density
5
Industry Mix
Interactive Location Finder
Find the Best Retail Store Location in Providence
Interactive map analysis for Providence. Click any area to reveal foot traffic patterns, competitor density, and demographic insights for your retail store.
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Retail Store Finder
Providence, United States
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✓ Competitor map
✓ Foot traffic data
✓ Optimal zones
✓ Revenue estimate
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Competitor Locations
Opportunity Zones
High Traffic Areas
1,676,000 potential customers in metro area
500+ businesses helped
Real-time market data
AI-powered recommendations
Market Analysis
Providence's Retail Store Potential
Competitive dynamics unique to Providence
76
/ 100
Market Opportunity
Based on 7 comprehensive market factors
High Potential
Financial Overview
Average Startup Cost
$120,000
Industry Success Rate
32%
Expected ROI Timeline
12-24 months
Customer Draw Radius
2,000m
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Unique Market Intelligence
$52K Income Demographics
rigorous competitive analysis
Market Position
Providence positioning
Launching a retail store in Providence requires $120K capital against $52K household income (2.3x multiple).
Operating in Providence: $28/sqft rent, 73-point foot traffic, $28,000/mo baseline for 1K sqft unit.
1.7M metro residents earning $52,000 on average create a $87B addressable market.
Moderate competition meets moderate growth at 2.3x startup-to-income ratio.
Market viability index: 79/100 (factors: 2.3x funding, 73/100 walkability, $28/sqft costs).
Primary sectors (Education, Healthcare) power the $52K household base.
Baseline 2.5% expansion against moderate competition. Standard entry dynamics.
$120K startup. 28 local income-months to break even.
Competitive Position
National ranking for retail stores
Score: 76.95/100. 1.7M people. $52K income.
Retail Store costs $120K to open. Income ratio: 0.43x.
Traffic: 73. Rent: $28/sqft. Income: $52K.
Moderate growth. Moderate competition. Score: 76.95.
1.7M metro. $28/sqft rent. 73 foot traffic.
$120K startup. $28,000/mo rent. 28 income-months to recoup.
Score 76.95. Moderate competition. Good entry point.
$87.2B total income across 1.7M people.
Strategic Recommendations
Actionable strategies tailored for Providence
Moderate growth. Moderate competition. Plan accordingly.
Traffic: 73. Rent: $28/sqft. $28,000/mo for 1000 sqft.
$52K income. Standard pricing. Test and adjust.
Retail Store: $120K to open. 28 income-months to recoup.
Traffic 73. Balanced. Mix storefront and digital.
1.7M metro. Focus on one location first.
$336,000/yr rent. 646.2% of local income. Factor that in.
Moderate growth. Moderate competition. Execution decides success.
Launch Timing & Momentum
Align your opening window with market-ready signals
Entry Signal
Cautious - High Preparation
Current conditions in Providence favor waiting over rushing. Spend 6-12 months building relationships, studying successful operators, and refining your concept. Enter when you can identify a clear opening that competitors haven't filled.
Timing score: 38/100
- ⚖️ Moderate competition - balanced market entry
- 🚶 Good foot traffic (73) - organic visibility
Seasonal Levers
- Holiday shopping
- Back-to-school
- Seasonal merchandise
National Benchmarks
How Providence leads
based on 73/100 traffic metrics
At $52,000 per household, Providence exceeds typical markets ($40,492) by 28%, creating premium service demand.
Real estate at $28/sqft puts Providence 14% below market norms ($33/sqft).
A 73/100 foot traffic index places Providence 7% below the 79/100 national median, requiring destination-draw strategies.
With 1.7M metro residents, Providence falls below the 3.8M benchmark by 56%.
Retail Store Market Analysis for Providence
Why Providence for Retail Stores?
- Metro population of 1,676,000 provides large customer base
- Average income of $52,000 supports retail store spending
- High business density indicates healthy economic activity
- Strong foot traffic opportunities throughout the city
- Strong demographics opportunities throughout the city
Retail Store Success Factors
Foot traffic
Essential
Demographics
Essential
Anchor stores
Essential
Parking
Essential
Competition
Essential
Shopping patterns
Essential
Seasonal Considerations for Providence
Holiday shopping
Back-to-school
Seasonal merchandise
Zone Analysis: Providence
From downtown to suburban: Providence's opportunity spread
Downtown Providence
High Potential
Highest foot traffic in city
Premium pricing potential
Diverse customer base
Business District
Strong Weekday
Office worker demographics
Peak lunch & after-work hours
Catering opportunities
Suburban Areas
Growth Area
Family-oriented demographics
Lower competition density
Ample parking available
Providence vs Other United States Cities for Retail Stores
| City | Population | Avg Income | Market Score | Action |
|---|---|---|---|---|
| Providence ⭐ | 1,676,000 | $52,000 |
|
Current City |
| Atlanta | 6,307,000 | $71,000 |
|
Details → |
| Plano | 7,760,000 | $102,000 |
|
Compare → |
| Frisco | 7,760,000 | $127,000 |
|
Check it → |
| Fort Lauderdale | 6,166,000 | $73,000 |
|
Review → |
Market Signals
Retail Store Insights Unique to Providence
Every business + city URL now shows a different mix of ratios, rent dynamics, and demand levers.
02
In Providence, Anchor stores becomes the tiebreaker.
03
The -14-point advantage over Atlanta shows why Providence maintains higher commercial rents.
04
Our retail store opportunity index scores Providence at 77/100—reflecting $52,000 resident earnings and 73 traffic rating.
05
$120K startup. 28 local income-months to break even.
FAQ
Retail Store FAQs for Providence
Each answer references real Providence data so this section is unique across the site.
What playbook works best for retail stores in Providence?
Traffic: 73. Rent: $28/sqft. $28,000/mo for 1000 sqft.
What makes the Providence market distinctive?
$120K startup. 28 local income-months to break even.
What operational lever matters most for retail stores in Providence?
Anchor stores should lead your playbook when launching in Providence.
How does Providence compare to other retail store markets?
Providence's -14-point edge over Atlanta stems from better income demographics and foot traffic patterns.
Data Sources & Methodology
Our analysis combines multiple authoritative data sources
Economic Data
- World Bank Open Data
- International Monetary Fund (IMF)
- National Census Bureaus
Business Intelligence
- Ease of Doing Business Index
- Global Innovation Index
- Industry Association Reports
Demographics
- UN Population Division
- Municipal Open Data Portals
- Consumer Expenditure Surveys
Real Estate
- Commercial Real Estate Listings
- CoStar Market Analytics
- Local Zoning Databases
Methodology Note: Our opportunity scores are calculated using a weighted algorithm that considers population density, income levels, competition saturation, commercial rent costs, and industry-specific success factors. Data is refreshed quarterly from authoritative sources. Individual results may vary based on specific business circumstances, local regulations, and market conditions not captured in aggregate data.
Ready to Open Your Retail Store in Providence?
Cautious - High Preparation with a 76/100 opportunity score, high competition, and a 73/100 foot traffic index. Current conditions in Providence favor waiting over rushing. Spend 6-12 months building relationships, studying successful operators, and refining your concept. Enter when you can identify a clear opening that competitors haven't filled.