Ikoyi's tenant base is anchored by embassies, family offices, banking, oil and gas, professional services.

• Tier: trophy.
• Tenant character: Embassy and luxury HQ enclave.
• Average rent: ₦95,000/sqm/mo · ≈ $71 PSF/yr USD.

TL;DR

• Tier: trophy.
• Tenant character: Embassy and luxury HQ enclave.
• Average rent: ₦95,000/sqm/mo · ≈ $71 PSF/yr USD.

Who clusters here

Embassies, family offices, banking, oil and gas, professional services.

What that means for newcomers

Newcomers to Ikoyi should expect peer-tenant scrutiny: covenant strength, brand fit, and signage standards are watched closely. Lease-up product underwrites by anchor tenant; secondary tenants typically benefit from anchor halo.

Key facts

Frequently asked questions

What kind of tenants lease in Ikoyi?

Embassies, family offices, banking, oil and gas, professional services.

Related

• Ikoyi — submarket overview
• Lagos — full city profile
• Lagos submarkets — all
• Ikoyi — Rents
• Ikoyi — Transit
• Ikoyi — Amenity
• Ikoyi — Buildings

Editorial provenance

Reviewed by Samuel Okafor — EMEA contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

• CBRE Marketview reports — CBRE
• JLL Office Insight — JLL
• Cushman & Wakefield Marketbeat — Cushman & Wakefield
• Savills World Research — Savills
• Colliers Global Office Outlook — Colliers

Full sources index · Submit a correction

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