Retail-The strong fundamentals supporting additional supply of modern retail development is driven by the continued improvement in the living standards of the average Nigerian based on a GDP growth projected to average 6.8% over the coming 3 years.

Commercial-Lagos continues to suffer from a lack of demand and an attendant lack of supply of Class A office space. Where there is new Class A office space placed on the market, it is unable to attract local tenants at rents which are usually in the region of US$1,000 per m2.

Residential-The Lagos luxury and super luxury segments of the market are gradually beginning to pick up after experiencing a lull since 2009 leading to an over-supply in that segment of the market.This residential segment is still seen as the darling of residential developers in today‟s market. The price range enables middle level corporate management to access these properties at a price they can afford and with the additional possibility of securing a mortgage via their corporate employers.Low cost housing product continues to be constrained by the lack of an active mortgage market.