Albany-Schenectady-Troy, NY

Business Ideas & Market Opportunities

The Albany-Schenectady-Troy market is currently outpacing the national growth rate. Our analysis identifies 82 active sectors where local supply has not yet met the demand indicated by the national baseline.

Active Local Businesses

26,081

Total Competition Pool

Market Size

902K

Total Metro Population

5-Year Growth Rate

+1.5%

🔥 Outpacing US(+0.1% avg)

Underserved Sectors

125

Niches with LQ < 0.8

Analyst Tip

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Showing 20 of 330 opportunities

Miscellaneous Intermediation

Growth
+228.6%
Scale
$335K PAY
Saturation
0.68
23 establishments

Other Management Consulting Services

Growth
+150.0%
Scale
$752K PAY
Saturation
0.52
20 establishments

Private Mail Centers

Growth
+133.3%
Scale
$293K PAY
Saturation
0.71
14 establishments

Fruit and Vegetable Retailers

Growth
+116.7%
Scale
$70K PAY
Saturation
1.34
13 establishments

Security Guards and Patrol Services

Growth
+110.0%
Scale
$1.2M PAY
Saturation
0.73
21 establishments

Offices of All Other Miscellaneous Health Practitioners

Growth
+97.1%
Scale
$32175.0M REV
Saturation
0.70
686 establishments

Tobacco Stores

Growth
+85.7%
Scale
$73K PAY
Saturation
0.96
52 establishments

Offices of Mental Health Practitioners (except Physicians)

Growth
+79.7%
Scale
$419K PAY
Saturation
0.85
106 establishments

Promoters of Performing Arts, Sports, and Similar Events without Facilities

Growth
+71.4%
Scale
$300K PAY
Saturation
0.97
12 establishments

Commercial Photography

Growth
+66.7%
Scale
$33K PAY
Saturation
0.78
10 establishments

Internet Publishing and Broadcasting and Web Search Portals

Growth
+60.0%
Scale
$4.8M PAY
Saturation
0.65
16 establishments

Advertising Agencies

Growth
+59.3%
Scale
$650K PAY
Saturation
1.04
43 establishments

Independent Artists, Writers, and Performers

Growth
+57.9%
Scale
$145K PAY
Saturation
0.58
60 establishments

Mobile Food Services

Growth
+57.9%
Scale
$56K PAY
Saturation
0.95
30 establishments

Fresh Fruit and Vegetable Merchant Wholesalers

Growth
+57.1%
Scale
$692K PAY
Saturation
0.89
11 establishments

Breweries

Growth
+56.3%
Scale
$526K PAY
Saturation
2.04
25 establishments

General Warehousing and Storage

Growth
+54.2%
Scale
$9.6M PAY
Saturation
0.86
37 establishments

Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers

Growth
+44.4%
Scale
$1.3M PAY
Saturation
1.29
13 establishments

Power and Communication Line and Related Structures Construction

Growth
+42.1%
Scale
$2.5M PAY
Saturation
1.66
27 establishments

Marketing Consulting Services

Growth
+41.7%
Scale
$1.2M PAY
Saturation
0.73
102 establishments

Analyst Insights & Due Diligence

Administrative data provides the map, but not the terrain. We recommend three specific validation steps for Albany-Schenectady-Troy:

1

Demographic Fit

Does the local population age or income level explain the "Supply Gaps"? (e.g., A gap in luxury services may be due to lower local income).

2

Regulatory Check

Verify local licensing requirements. High barriers to entry often protect "High Yield" sectors from new competition.

3

Competitor Health

Investigate the "Momentum" sectors. Are existing businesses thriving, or is the growth due to high turnover and failure rates?