2022 Lagos Pipeline Report

Happy new year!
The development pipeline for commercial real estate in Lagos has been in and out of multiple cycles within the past few years. Given the unstable economy in recent years, this does not come as a surprise.

Despite the volatility, 2021 marked an important shift and a return to relative bullish development activity, especially in new sectors of interest. After adjusting for relevant biases, we noted a 19% increase in the total number of projects under construction that we were tracking, relative to the year before. Even though the retail pipeline has dried up and the desire to develop ultra-prime office developments has reduced, a rich pipeline in the residential, smaller office, and healthcare sub-sectors still exists.

In reviewing African real estate markets, we enjoy taking a city approach because of the peculiarity of individual markets. In this flagship Pipeline Report, we carefully walk you through what we do best, profile ongoing projects and subsequently reveal the figures and top projects behind Lagos’ exciting pipeline. Sectors covered in the report include Retail, Office, Residential, Healthcare, and Hospitality. We added a few other projects outside these sectors that we liked too much to ignore.

Click here to download the Report . Digest and let my team know what you think directly via [email protected], all feedback (including corrections) is welcome. You can also reach out if you are interested in an extensive list of the projects and their details in PDF report or spreadsheet format. Enjoy!

Dolapo Omidire
Founder & CEO.