The office market stands as a dynamic and influential sector that plays a pivotal role in the economic pulse of cities. Strategically positioned in central and easily accessible regions, office tower provide essential workspaces catering to a diverse range of industries. But who are the predominant tenants of these spaces? The SiiLA Market Analytics platform offers comprehensive insights into the occupancy trends of all properties monitored by the company.

The editorial team at REsource has compiled a list with data from the closing of 2Q23, considering offices of classes A+, A, and B from the regions monitored by SiiLA's solution. At the forefront of the list of major occupants are companies deeply rooted in the financial sector. Leading this roster is Banco do Brasil, trailed by Santander and Itaú, in that order.

Banco do Brasil, reigning as the largest office space occupant, commands an impressive expanse of over 283,000 square meters throughout the nation. Among the architectural landmarks claimed by this institution, the Sedan building, nestled in the heart of downtown Rio de Janeiro, stands out prominently.

Originally named "Cidade de São Sebastião do Rio de Janeiro," over the years, it became better known among its frequenters as "Sedan" due to the street it occupies. It boasts a total private area of 49,186 square meters spread across 42 floors. In November, we featured a special article about this iconic skyscraper in REsource. Read more here.

Next in line is Santander, with over 218,000 square meters leased in offices across the country. Occupying multiple buildings, the company is in full control of the "Torre Santander" within the JK Complex, of which it is also the owner. This development is in the southern zone of São Paulo, was completed in 2009, and boasts an A+ rating, covering 74,199 square meters.

Itaú, on the other hand, completes the top 3 podium of major office occupants, maintaining a robust demand for commercial spaces to accommodate their expanding operations. A standout occupation of the bank is within Centro Empresarial Itaú Conceição – Torre Itaúsa, a property of which the bank is also the owner, covering 23,797 square meters. This high-standard asset was completed in 1995 and is situated in the Jabaquara region, also in the southern zone of São Paulo.

Beyond the Financial Sector

According to data from the SiiLA Market Analytics platform, in addition to the financial sector, other companies appear in the top 10 list of major tenants, such as Petrobrás, Vivo, Prevent Sênior and Atento Brasil.

If you desire more insights into commercial real estate tenant statistics, explore the coverage provided by Market Analytics, the leading real estate intelligence platform in Latin America, boasting the most comprehensive and accurate database of logistics properties, offices, and malls in Brazil, Colombia, and Mexico!