South America has historically seen a relatively modest demand for skyscrapers, with the majority of the continent's tallest buildings being residential. Office buildings have not historically been built taller than residential buildings in the region, though this scenario may well change in the next decades, as South America has been experiencing substantial economic growth.
Most of the continent's high-rises are in Argentina, Brazil, Chile, Colombia and Venezuela, with the tallest buildings being located in Buenos Aires, São Paulo, Balneário Camboriú, Santiago, Bogotá, Cartagena, and Caracas, all of which (except Balneário Camboriú) are one of the biggest financial centres of these countries.