Colleyville has increased its retail occupancy rate to 96% and given out over $7.8 million in grants to local businesses since 2018, according to an economic development update presented Oct. 5.
Chelsea Rose, who works in community engagement and economic development for the city, presented the update during the city council’s Oct. 5 worksession and said the city is maintaining its strategy of intentional growth.
The details
Overall occupancy in Colleyville is 93%. Rose said it's exciting to see the growth along with small businesses in a city that is so built out.
The market median rent rate in Colleyville is $27 per square foot and 91% of businesses in Colleyville have less than 20 employees. There is one retail spot left in suite 125 on Main Street, according to the report.
The city is currently developing previously unused land, with 82,989 square feet of construction currently underway and another 175,000 square feet planned, according to the city.
Staying local
The city grants include both money that goes directly to businesses and incentive programs for Colleyville residents.
The summer gift card program provided $281,960 to local businesses in 2026. Overall, the program has invested $6 million since 2018, according to the report. As part of the program, each Colleyville household receives a $35 gift card to use at participating local businesses and restaurants.
Similar programs include the restaurant-only gift card, which Rose said will return in 2027, and scavenger hunt-style game "Colleyopoly" where residents can earn gift cards by visiting local businesses.
The action taken
Grants given directly to businesses include seasonal programs like Colleyville Gives, and Brighten Up the Boulevard, while other programs like SAFER, SIGN and BEST are more regularly available.
Colleyville Gives is a grant designed to help businesses with advertising and marketing during the fourth quarter and awards up to $1,000 with an additional $1,000 available to businesses that donate $500 to a local nonprofit.
Colleyville Gives awarded $55,000 in 2025 and $556,100 since 2018, per the report.
Brighten Up the Boulevard is a matching grant for Christmas lights along Colleyville Boulevard and provides an up to 50% reimbursement for lighting costs, with a max of $5,000 for shopping centers and $2,000 for individual businesses, according to the city.
