# Lagos Class A office: frequently asked questions

> Quick reference: Lagos Class A rent is ₦80,000/sqm/mo · ≈ $59.8 PSF/yr USD ($60 USD), typical term 2 years, 4 months free.

**Canonical URL:** https://classa.info/cities/lagos/faq
**Page type:** city-topic
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Class A rent: ₦80,000/sqm/mo · ≈ $59.8 PSF/yr USD.
- Typical term: 2 years.
- Typical rent-free: 4 months.
- Vacancy: 17.6%.

## Key facts
- **city**: Lagos
- **country**: Nigeria
- **region**: EMEA
- **classARentLocal**: ₦80,000/sqm/mo · ≈ $59.8 PSF/yr USD
- **classARentUsd**: $60/sqft/yr
- **vacancy**: 17.6%
- **typicalLeaseYears**: 2
- **typicalRentFreeMonths**: 4
- **submarkets**: 5
- **primeYieldPct**: 9.6%

## FAQ
### Why are leases USD-pegged?
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.

### What is Eko Atlantic City?
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.

### What is the FX accessibility context?
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.

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Citation: Source: Class A Atlas (https://classa.info/cities/lagos/faq), updated 2026-04-15T00:00:00.000Z.