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Colleyville reports rising retail occupancy, new businesses and $6M annual economic impact
Summary
Economic development staff told the council retail occupancy and sales tax are rising, outlined new leases and prospects for the village and gateway sites, and highlighted business supports including gift card programs and sign grants.
Chelsea Rose, Colleyville’s economic development staff member, updated the City Council on local market conditions, leasing activity, business outreach programs and city‑owned development parcels.
“Our economic development efforts are focused on attracting, growing, and retaining a quality mix of commercial businesses that provide the goods and services desired by citizens and visitors,” Rose said, summarizing the department’s strategy.
Rose told council the city’s population is just over 26,000 with about 9,000 households, a median household income just over $200,000, and a median age of about 46.3. She said about 70.3% of residents hold a bachelor’s degree or higher. Market metrics cited by staff included a retail/office occupancy rate that Rose said has risen to 92.9% and a market median asking rent of about $26.21 per square foot.
Staff highlighted several recent and pending business…
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