Lekki Phase 1 / VI Extension, Lagos — Class A submarket

TL;DR

• Trophy expansion corridor.
• Prime tier — ~₦60,000/sqm/yr.
• Active Class A leasing market with deal flow across major broker desks.

Overview

Lekki Phase 1 and the VI Extension anchor Lagos's trophy expansion corridor — newer Class A inventory, deep tech and corporate tenancy, and growing residential catchment.

Tenant profile

Tech, fintech, multinational corporate, professional services.

Typical specification

15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common.

Transit

Bus only; Light Rail Blue Line extension planned.

Multi-modal transit captures the metro's principal professional catchment.

Amenities

The Palms Lekki, Lekki Conservation Centre.

Comparable buildings

• The Garden City Office
• Crown Court
• Heritage Court

Where Lekki Phase 1 / VI Extension sits in Lagos

Lekki Phase 1 / VI Extension is one of 5 Class A submarkets we cover in Lagos, classified as prime tier with an average asking rent around ₦60,000/sqm/yr · ≈ $3.73 PSF/yr USD. Compared with the broader Lagos Class A stock, Lekki Phase 1 / VI Extension typically attracts Tech, fintech, multinational corporate, professional services and competes most directly with the city's other prime submarkets on building specification, transit access, and amenitisation.

Adjacent submarkets to study alongside Lekki Phase 1 / VI Extension: Victoria Island (VI), Ikoyi, Eko Atlantic City, Marina (Lagos Island). The full Lagos submarket atlas is at /cities/lagos.

Topic deep-dives for Lekki Phase 1 / VI Extension

For an institutional Class A occupier evaluating Lekki Phase 1 / VI Extension, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:

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Related glossary

Terminology specific to Lagos Class A leasing and to the prime tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.