Quick reference: Lagos Class A rent is 90000 NGN/sqft ($60 USD), typical term 2 years, 4 months free.
Class A rent: 90000 NGN/sqft/yr ($60 USD).
Typical term: 2 years.
Typical rent-free: 4 months.
Vacancy: 17.6%.
Lagos Class A office: frequently asked questions
Quick reference: Lagos Class A rent is 90000 NGN/sqft ($60 USD), typical term 2 years, 4 months free.
TL;DR
Class A rent: 90000 NGN/sqft/yr ($60 USD).
Typical term: 2 years.
Typical rent-free: 4 months.
Vacancy: 17.6%.
Quick reference
Use this page as the fast-answer reference for Lagos. Deep coverage lives on the city page, the topic pages, and the comparison views.
Key facts
city
Lagos
country
Nigeria
region
EMEA
classARentLocal
90000 NGN/sqft/yr
classARentUsd
$60/sqft/yr
vacancy
17.6%
typicalLeaseYears
2
typicalRentFreeMonths
4
submarkets
5
primeYieldPct
9.6%
Frequently asked questions
Why are leases USD-pegged?
Naira volatility (significant devaluations in 2023-2024) drives international landlords to USD-peg trophy leases. Many domestic Nigerian tenants prefer naira leases despite the FX risk.
What is Eko Atlantic City?
Eko Atlantic is a master-planned offshore reclaimed-land district off Victoria Island — major Class A delivery beginning 2024-2025, planned as the principal new financial centre of West Africa.
What is the FX accessibility context?
Nigeria has historically experienced periods of restricted FX availability for cross-border payments. Tenant decisions on lease currency, repatriation, and supplier payment plans must consider this.