.png)
For the third consecutive year, St. Charles County has set a new record for major development projects of 20,000 SF or higher.
In 2023, the County saw 7.2 million SF of major developments that opened or were in some stage of construction, a 12% increase over the previous record of 6.4 million SF set in 2022 and a 40% increase over 4.8 million SF, which was a record in 2021. Prior to 2021, annual totals typically hovered in the 3 to 4 million SF range.
This past year saw tremendous activity in the warehouse sector, driven by the development of 1.6 million SF in the Lakeside Logistics Center as speculative warehouse space. Another major project of note included Trane Technologies' 423,000 SF distribution center in the Premier 370 Business Park.
Additionally, a significant number of institutional projects, including new or expanded facilities at nearly all of St. Charles County's public school districts, were driven by the County's ongoing surge in population. With a consistent influx of around 5,000 new residents annually, St. Charles County is the fastest-growing county in Missouri.
"Growth is in St. Charles County's DNA," remarked EDC President & CEO Scott J. Drachnik. "And with growth comes talent availability, which is driving companies making decisions about where to invest or expand. St. Charles County is ideally situated to capitalize on that need."