Marina (Lagos Island) is a prime-tier Class A submarket of Lagos with average asking rent around ₦50,000/sqm/yr · ≈ $3.11 PSF/yr USD.
Historic CBD with banking heritage. · Tier: prime · Avg rent: ₦50,000/sqm/yr · ≈ $3.11 PSF/yr USD
The Marina on Lagos Island anchors the historic CBD — heritage trophy stock (NECOM House), deep central banking and government tenancy.
Central banking (CBN), government, traditional banking, trade.
15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common.
Marina (Light Rail Blue Line), bus.
Multi-modal transit captures the metro's principal professional catchment.
Tafawa Balewa Square, National Museum, Cathedral Church of Christ.
Marina (Lagos Island) is one of 5 Class A submarkets we cover in Lagos, classified as prime tier with an average asking rent around ₦50,000/sqm/yr · ≈ $3.11 PSF/yr USD. Compared with the broader Lagos Class A stock, Marina (Lagos Island) typically attracts Central banking (CBN), government, traditional banking, trade and competes most directly with the city's other prime submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Marina (Lagos Island): Victoria Island (VI), Ikoyi, Eko Atlantic City, Lekki Phase 1 / VI Extension. The full Lagos submarket atlas is at /cities/lagos.
For an institutional Class A occupier evaluating Marina (Lagos Island), 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:
Terminology specific to Lagos Class A leasing and to the prime tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Samuel Okafor — EMEA contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.