{
  "url": "https://classa.info/cities/lagos",
  "title": "Lagos Class A Office Market",
  "description": "West Africa's commercial capital with deep banking, oil, and tech tenancy.",
  "oneSentenceAnswer": "Lagos Class A office rents around ₦80,000/sqm/mo · ≈ $59.8 PSF/yr USD, with 17.6% vacancy and 4 months of typical rent-free on a 2-year term.",
  "tldr": [
    "Trophy product in Victoria Island and Ikoyi trades at NGN 80,000-110,000/sqm/year.",
    "Banking, oil and gas, telecom, and fintech anchor demand.",
    "Naira volatility and FX accessibility shape rental contracts (often USD-pegged).",
    "Eko Atlantic City reshapes long-term demand for premium offshore Class A."
  ],
  "keyFacts": {
    "city": "Lagos",
    "country": "Nigeria",
    "region": "EMEA",
    "classARentLocal": "₦80,000/sqm/mo · ≈ $59.8 PSF/yr USD",
    "classARentUsd": "$59.75529315582642/sqft/yr",
    "vacancyPct": "17.6%",
    "typicalLeaseYears": 2,
    "typicalRentFreeMonths": 4,
    "submarkets": 5,
    "corporateTaxPct": "30%",
    "talentIndex": 74
  },
  "faqs": [
    {
      "question": "Why are leases USD-pegged?",
      "answer": "Naira volatility (significant devaluations in 2023-2024) drives international landlords to USD-peg trophy leases. Many domestic Nigerian tenants prefer naira leases despite the FX risk."
    },
    {
      "question": "What is Eko Atlantic City?",
      "answer": "Eko Atlantic is a master-planned offshore reclaimed-land district off Victoria Island — major Class A delivery beginning 2024-2025, planned as the principal new financial centre of West Africa."
    },
    {
      "question": "What is the FX accessibility context?",
      "answer": "Nigeria has historically experienced periods of restricted FX availability for cross-border payments. Tenant decisions on lease currency, repatriation, and supplier payment plans must consider this."
    }
  ],
  "pageType": "city",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/lagos), updated 2026-04-15T00:00:00.000Z."
}