Corporate Expansion: Office Vacancy in Belo Horizonte Drops to 11% as New Developments Emerge

An analysis by SiiLA identified more than 490 tenants occupying Class A+, A, and B office buildings in Belo Horizonte. The largest tenant is Localiza, a car rental company, which occupies 24,7 thousand m² at its headquarters.

Following Localiza is Banco Inter, with 22,3 thousand m² in the Aureliano Chaves building. Mining giant Vale ranks third, occupying 15,7 thousand m², followed by Banco do Brasil with 11,2 thousand m², rounding out the list of companies with over 10 thousand m² of office space in the city.

The verticalization of office spaces in Belo Horizonte follows the trend seen in major metropolitan areas, aiming to optimize space. Among the largest office buildings in the city, the Localiza Headquarters leads with 24,7 thousand m², solidifying its position as one of the most prominent corporate addresses in the region.

Next on the list is the Aureliano Chaves building, with 22,3 thousand m², followed by Century Tower, with 21,6 thousand m². Other notable developments include Bravo! BH, with 16,400 square meters, and Boulevard Corporate Tower, with 15,7 thousand m².

Additionally, Belo Horizonte features office buildings such as Domani Business Center (12,8 thousand m²), Icon - Tower B (11,6 thousand m²), and the Statement building, with a similar area. The Banco do Brasil Headquarters – BH and the Renaissance Work Center complete the list of the city's largest office assets.