By Jennifer Rodriguez

Latino entrepreneurs are launching businesses at historic rates—creating jobs, driving innovation, and contributing over $889 billion to the U.S. economy annually. Yet when it comes to commercial real estate ownership, our community remains underrepresented. This gap isn’t just about property—it’s about power, permanence, and generational wealth.

In Philadelphia, the stakes are especially high. As neighborhoods like Kensington, North Philadelphia and the Navy Yard undergo major redevelopment, the question is: Will Latino businesses own a piece of the future?

The wealth gap in real estate

According to the U.S. Census, Latino business owners have the lowest ownership rates in the real estate sector compared to industries like transportation, construction, and food services. This gap matters—not just for business stability, but for long-term wealth creation.

Owning commercial property offers more than just a place to do business. It provides equity and appreciation over time, protection from rent hikes and displacement, collateral for future financing, and a legacy asset that can be passed down to future generations. For Latino entrepreneurs, especially those operating in rapidly changing neighborhoods like Kensington, and even Hunting Park, ownership can mean the difference between thriving and being pushed out.

Despite the benefits, many Latino business owners face steep hurdles. Access to capital remains limited, with only 36% of Latino-owned firms receiving full funding when applying at large banks. Many entrepreneurs lack the collateral required by traditional lenders, and navigating zoning, financing, and legal processes can be daunting without support.

Philadelphia is taking steps to close these gaps. The Commercial Real Estate Acquisition Loan (CREAL) program offers up to $350,000 in mortgage loans and up to 35,000 in grants for closing costs. It also provides technical assistance throughout the purchase process to help entrepreneurs make informed decisions. Community Development Financial Institutions (CDFIs) like the Philadelphia Accelerator Fund, PIDC, Finanta and Greenline Access Capital are also expanding access to flexible financing for minority entrepreneurs looking to acquire property. These mission-driven lenders are designed to support those who face barriers accessing traditional capital.

Commercial real estate isn’t just for large corporations or seasoned investors. With the right support, Latino entrepreneurs can—and should—become owners of the spaces where they do business. It’s a strategy for economic empowerment, community stability, and generational wealth. As Philadelphia continues to grow, Latino businesses must be part of the city’s story—not just as tenants, but as owners shaping its future.

Join the conversation: State of Hispanic Business

This year, the Greater Philadelphia Hispanic Chamber of Commerce is putting commercial real estate front and center at its annual State of Hispanic Business symposium taking place Wednesday, Nov. 5, from 8:30 to 11:15 a.m. at WHYY Studios. Register at gphcc.org

Jennifer Rodriguez, is president and CEO of the Greater Philadelphia Hispanic Chamber of Commerce.Â