Savassi is known for having a large number of bars, pubs, clubs, cafés, bistros, diners, restaurants, nightlife and shopping commerce.

Savassi Bakery was the point to people to meet and eat delicious breads and pastries.

Savassi is neighbors with some of the most affluent areas of Belo Horizonte, like Funcionários, at the northeast; Boa Viagem, at the north; Lourdes, the wealthiest and most expensive residential district in the city, at the west; and Santo Antônio, São Pedro, Carmo and Cruzeiro, at the southern border.

The neighborhood is a CRECI A List area in Belo Horizonte, and has one of the most expensive square-feet in town.

The Human Development Index in the neighborhood is one of the highest in Southeast Brazil, as well as its per-capita income, and Gross Enrolment Ratio.