Migrant businesses play a crucial role not only in the economies of Western European cities, but also in the revaluation of urban space. Alongside their relevance to physical neighborhood development, migrant businesses seem to be crucial in transforming urban spaces symbolically. Although there is some evidence from migrant business research and the literature on gentrification, the phenomenon has not yet been studied systematically. We therefore propose a research agenda that addresses the relationship between migrant businesses and the symbolic transformation of urban neighborhoods.