Colleyville staff says city "is open for business," cites rising occupancy and dozens of proposed projects

Chelsea, an economic development presenter for the City of Colleyville, told the City Council at a Jan. 22 work session that "Colleyville is open for business," citing a 92.5% commercial occupancy rate, rising market rents and a pipeline of proposed projects totaling roughly 765,000 square feet.

The update outlined market data, recent and prospective businesses, city programs that support local retail and restaurants, and several city-owned sites with active studies or contracts. Chelsea said sales tax collections have risen over the past decade—roughly from $6 million to about $10 million—and that Colleyville’s commercial market shows falling months vacant even as asking rents climb.

The presentation placed local figures alongside broader industry pressures. Chelsea referenced commercial-data provider CoStar and industry groups including ICSC, noting nationwide retail disruption in 2024: she said 7,327 U.S. store closings were announced in 2024 and that one tracker recorded 49 U.S. retail bankruptcies in 2024…