# Ikoyi vs other Lagos submarkets

> Ikoyi (trophy, ~₦95,000/sqm/mo · ≈ $71 PSF/yr USD) is one of 5 Lagos Class A submarkets we track.

**Canonical URL:** https://classa.info/cities/lagos/ikoyi/topics/vs-other-submarkets
**Page type:** nb-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
- Ikoyi sits at trophy tier.
- Average rent ₦95,000/sqm/mo · ≈ $71 PSF/yr USD vs city average 80000.
- Compared submarkets: Victoria Island (VI) (trophy), Eko Atlantic City (trophy), Lekki Phase 1 / VI Extension (prime).

## Key facts
- **city**: Lagos
- **submarket**: Ikoyi
- **tier**: trophy
- **averageRentLocal**: ₦95,000/sqm/mo · ≈ $71 PSF/yr USD
- **cityClassARentUsd**: $60/sqft/yr
- **cityVacancyPct**: 17.6%

## FAQ
### What other submarkets compete with Ikoyi in Lagos?
Victoria Island (VI), Eko Atlantic City, Lekki Phase 1 / VI Extension

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