The 2017 Lagos Office Market in 5 Charts
Dolapo Omidire . 7 years ago

Share this post
Subscribe to our newsletter
Article Summary: With the lowest building completions in 3 years, 2017 provided an opportunity for the market to try to absorb the disruptive amount of space that was delivered during 2016. Leasing activity during the year was led by the technology sector and B Grade properties took the biggest rental hit, as the new high specification supply…
With the lowest building completions in 3 years, 2017 provided an opportunity for the market to try to absorb the disruptive amount of space that was delivered during 2016.
Leasing activity during the year was led by the technology sector and B Grade properties took the biggest rental hit, as the new high specification supply sent older buildings down a pricing level. The year 2018 will seemingly be another big one for building completions, which are forecasted to come in at 20% of total stock. Market sentiment, however, is still strong on the back of Nigeria’s recent economic recovery, even with the elections expected in the next 12 months.
Related News
You will find these interesting

Bisi Adedun . October 2023
How Jabi Lake Area is Developing into a Prime Residential Location
Jabi is an area located within the phase 2 vicinity of the Abuja Municipality, known for housing the iconic Jabi Lake. I...
abuja
Jabi Lake

Tilda Mwai . August 2023
Cautious Optimism underpins Africa’s real estate H2:2023 outlook
africa
Africa real estate outlook

Deborah Jesusegun . June 2023
Taking a closer look at Luxury Developments in Lekki Phase 1 (Part 2)
African
building