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With a population of 2.3 million, Belo Horizonte is one of the main capitals in Brazil’s Southeast region. As a metropolitan hub, the city hosts a large concentration of companies and, consequently, office spaces. Since 2021, the office vacancy rate in the region has been steadily declining.
Currently, the city’s office vacancy rate stands at 11%, with the total inventory of Class A+, A, and B buildings reaching 339,900 square meters. Since 2021, vacancy has fallen from 18.1% to 12.3% in 2022, then to 11.8% in 2023, and finally to 11% by the end of 2024.
In 2025, Belo Horizonte is expected to see the addition of two new office buildings: History Corporate Funcionários and PHM Savassi, which will collectively add 14,8 thousand m² to the city’s inventory.
The most recent office development delivered was the Statement building in 2023, which brought 11,6 thousand m² to the market. It is currently occupied by banks, financial firms, and other companies in the FIRE sector (Finance, Insurance, and Real Estate).
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.











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