Is The Recovery In The Nigerian Economy To Have A Positive Impact On The Office Market

The Nigerian economy is currently on an upswing with positive growth, lower inflation (15.4% as at December 2017) and relative stability in the foreign exchange (FX) market. This follows from an economic slowdown that began to manifest in 2015, the first of its kind in 2 decades. Although the outlook for the office sector is generally positive in 2018, the recovery in the sector is unlikely to be consolidated for another 9 to 18 months. Conditional on the efficiency of particular markets such as the FX and debt markets, this lag could extend beyond 18 months.The market is to experience an injection of officespace in excess of 40, 000 m² in 2018 which is to drive up vacancy levels due to slower take up rates. This oversupply in the market is to stall rental growth in 2018.

Is The Recovery In The Nigerian Economy To Have A Positive Impact On The Office Market

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