Lease my commercial building in Colleyville, TX

Start with the figure the city itself put on the table. Community Impact reported that 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 October 5. The same report said overall occupancy in Colleyville is 93%.

The same Community Impact report counted 82,989 square feet of construction currently underway and another 175,000 square feet planned, according to the city.

Averages hide buildings. In a March 2026 report, Community Impact said the occupancy rate for retail and restaurants in The Village jumped from 63% in January 2025 to 88.3% in January 2026.

A tight citywide number helps your pitch, but the prospect is choosing between your space and the one down the road. Know what is vacant near you and what is under construction before you set the asking rate.

Community Impact reported the market median rent rate in Colleyville is $27 per square foot, and that 91% of businesses in Colleyville have less than 20 employees.

Read those two figures together. A median is a reference point, not an asking rate for your building. And if most of the businesses in town are small, the tenant you are looking for is more likely to want a modest suite than a full floor, so space that can be divided or combined reaches more of them.

Before you show a space, check the prospect's use against the city's table of permitted principal uses. In that table, General Business Offices not elsewhere listed are marked P in the CPO, CN, CC1, CC2 and CC3 districts and S in ML. Real Estate Agency Offices follow the same pattern.

The code explains the letters. A "P" in a cell indicates that the use is allowed by right as the principal use in the applicable zoning district. An "S" in a cell indicates that the use may be allowed with the approval by the City Council of a Special Use Permit. An empty cell indicates that the land use is prohibited in the applicable zoning district, unless otherwise allowed by a Planned Unit Development District or a Special Use Permit.

A use that needs a permit from council adds a hearing and a vote to your lease timeline. Write the lease so it does not commit either side until that approval is in hand, or pick a prospect whose use is allowed outright.

Most of the city's commercial inventory sits on one road. The City's FY22 adopted budget said approximately 85 percent of the City's commercial properties are located along Colleyville Boulevard (SH26). The comprehensive plan states that "Colleyville Boulevard is not only the city’s main economic engine, but is also the key to defining the character of Colleyville." It says to "Focus on attracting sales-tax generating uses at intersections and professional or medical office uses at mid-block locations."

The Texas Department of Transportation count station on SH 26 inside Colleyville city limits recorded an annual average daily traffic of 29,175 in the 2025 report year. The City's project page says the Texas Department of Transportation will construct SH26 into a six-lane roadway with raised curbed medians. In November 2021, Community Impact reported that, according to Mark Wood, Colleyville assistant city manager, the TxDOT project is complete.

Traffic counts sell frontage, but a divided road changes how customers reach your driveway. Drive the approach from both directions and describe it plainly in the listing, so a retail prospect does not discover it on the tour.

The City of Colleyville says it provides comprehensive incentives to retain and attract desired businesses on a case-by-case basis. The types it lists are ad valorem taxes, sales tax grants, fee reductions, employment assistance and state incentives assistance. Its grant list names the Brighten Up the Boulevard Grant, the BEST Grant, the Neighborhood Entrance Beautification Grant, the SAFER Grant and SIGN. Four of them bear directly on an existing building, and the City's own pages set the terms:

• BEST. The City lists a BEST Grant and describes the program as "helping local business and property owners update their storefronts and improve the appearance of the City’s main commercial corridor." Its criteria include improvements with significant frontage on SH26. They also include improvements that redevelop properties along SH26, including projects that assemble multiple parcels into one cohesive development. And they include improvements that bring existing, non-conforming building and signs into compliance with the current Land Development Code.
• SAFER. For the SAFER Grant, the City says "you may be eligible for up to $50,000 of grant funding to help offset the cost of installing a fire suppression system." The grant provides up to a 50/50 match of funds for costs associated with obtaining a functional sprinkler system. Once the system has satisfactorily passed inspection and testing, the City will issue the grant money.
• For SIGN, participating businesses and property owners can receive a grant for half (50%) of the total project cost, not to exceed $5,000. The money can go toward the design, purchase, permitting and installation of a commercial sign. No grant will be awarded for work that has already been initiated or completed.
• For the Brighten Up the Boulevard Grant, the City offers a one-time 50% matching grant up to $5,000 for shopping centers and up to $2,000 for individual businesses. Eligible businesses must be located along SH26. Community Impact's report on the Oct. 5 update described the program as providing an up to 50% reimbursement for lighting costs.

Apply before a contractor starts, keep the receipts, and expect the money after the work is done and inspected, not before. If a new tenant needs a sign or a sprinkler system to open, decide in the lease who applies and who fronts the cost.

Community Impact's September 2026 report, headlined "Colleyville council approves $98.33M budget, higher tax rate", gives the FY 2026-27 tax rate as $0.352480 per $100 valuation, an increase compared to $0.311931 per $100 valuation for FY 2025-26. The same report said FY 2026-27 begins October 1 and runs through September 30, 2027.

On its property tax protest page, the Texas Comptroller says: "In most cases, you have until May 15 or 30 days from the appraisal district notice's delivery date". For 2026, Tarrant Appraisal District set the deadline to file at May 15, 2026, or 30 days after the date the Notice of Appraised Value was delivered.

Know how each lease passes taxes through before the new rate reaches the bill, and ask your tax professional whether a protest is worth filing. Tenants who pay a share of the taxes will ask what you did about the value.

Yes, whenever the use changes. The Land Development Code says no non-residential building, or portion thereof, or parcel of land shall change in use or occupancy until a certificate of occupancy has been issued by the City. Application for a certificate of occupancy shall be made to the Building Inspection Office. No connection to the City utility systems shall be allowed unless and until a certificate of occupancy has been issued by the City Inspector.

Then check parking. Chapter 3 says parking regulations are based on the gross floor area (GFA) of the building. In Table 3.29, the Parking Group Schedule, group 7 is 1 per 200 sq. ft. of gross floor area and group 8 is 1 per 300 sq. ft. The code adds that "A reduction may be authorized after approval of a Special Use Permit by the City Council when associated with new development or a significant change in use of an existing building or site".

If the new tenant's use is not the same as the last one, count your spaces against the parking group for that use before you sign. A lease that depends on a parking reduction should not be signed as if the reduction were already granted. The zoning and permits guide covers the full process.

Leasing a building of small furnished or shared suites is its own job, with its own pricing and tenant mix. The executive suites page covers it.

These are the principal employers in the city's annual financial report for the fiscal year ended September 30, 2025.

• Market Street/United Supermarkets: 400 employees.
• City of Colleyville: 228 employees.
• Lifetime Fitness: 200 employees.
• Whole Foods Market: 130 employees.
• Daytime employees in the city: 6,014.

Read the list before you write the marketing plan. If the names on it are not office users, the prospects for an office suite are more likely the small local firms already in town, so reach them directly as well as through listing sites.