Where do asset management occupiers lease office space in Lagos?

Most cluster in Victoria Island (VI). Rent runs ~80000 NGN/sqft ($60 USD) for trophy and prime stock.

What fit-out spec do asset management occupiers run in Lagos?

Typically trophy at $640000–950000/sqft.

How much office space per seat should a asset management occupier plan in Lagos?

Plan ~230 sqft per seat blended. A 100-person team typically takes 23,000 sqft.

What NAICS codes describe the asset management vertical?

Representative NAICS 2022 codes: 523930, 523920.

What is the talent index in Lagos?

74/100. Use the city profile for full detail.

Asset management occupiers in Lagos typically cluster in Victoria Island (VI), plan ~230 sqft per seat at trophy fit-out ($640000–950000/sqft), and pay around 80000 NGN/sqft ($60 USD) on Class A.

Preferred submarket: Victoria Island (VI).
Typical fit-out spec: Trophy ($640000–950000/sqft).
Plan ~230 sqft per seat for headcount sizing.
Class A rent context: 80000 NGN/sqft ($60 USD).
Typical lease: 2 years with 4 months rent-free.
Talent depth in Lagos: 74/100.

Asset management office space in Lagos

Asset management occupiers in Lagos typically cluster in Victoria Island (VI), plan ~230 sqft per seat at trophy fit-out">fit-out ($640000–950000/sqft), and pay around 80000 NGN/sqft ($60 USD) on Class A.

TL;DR

Preferred submarket: Victoria Island (VI).
Typical fit-out spec: Trophy ($640000–950000/sqft).
Plan ~230 sqft per seat for headcount sizing.
Class A rent context: 80000 NGN/sqft ($60 USD).
Typical lease: 2 years with 4 months rent-free.
Talent depth in Lagos: 74/100.

Where they cluster

Asset management occupiers in Lagos typically anchor in Victoria Island (VI). Banking, oil and gas (Oando, others), professional services, multinational HQs.

What they pay

Class A rent in Lagos runs 80000 NGN/sqft ($60 USD) on a 2-year lease with 4 months free. Trophy submarkets command a 20–40% premium above the city index.

Spec and fit-out

Typical asset management fit-out targets trophy specification at $640000–950000/sqft. Bespoke design, signature feature, top-tier MEP and acoustic packages are standard.

Headcount sizing

Plan around 230 sqft per seat blended (workstation + circulation + amenity). A 100-headcount asset mgmt office in Lagos typically targets 23,000 sqft of leasable area.

Talent angle

Portfolio teams cluster around private-banking corridors; family-office tenancy keeps boutique trophy stock tight. Deep banking, oil and gas, fintech, and creative talent. Strong English-language professional base. Strong feed from University of Lagos, Lagos Business School, and Covenant University. Nigeria's tech ecosystem (Flutterwave, Paystack, Andela) anchors deep talent.

Tax and lease context

Headline corporate tax: 30%. USD-pegged or naira leases (USD common for international tenants). 2-3 year terms standard with renewal options. Often payable annually or 6-monthly in advance. Free rent of 3-6 months on a 3-year deal.

Key facts

city	Lagos
industry	Asset management
naics	523930, 523920
preferredSubmarket	Victoria Island (VI)
preferredFitoutSpec	Trophy
fitoutBand	$640000–950000/sqft
sqftPerSeat	230
classARentLocal	80000 NGN/sqft/yr
classARentUsd	$60/sqft/yr
vacancyPct	17.6%
typicalLeaseYears	2
typicalRentFreeMonths	4
talentIndex	74
corporateTaxPct	30%

Frequently asked questions

Where do asset management occupiers lease office space in Lagos?: Most cluster in Victoria Island (VI). Rent runs ~80000 NGN/sqft ($60 USD) for trophy and prime stock.
What fit-out spec do asset management occupiers run in Lagos?: Typically trophy at $640000–950000/sqft.
How much office space per seat should a asset management occupier plan in Lagos?: Plan ~230 sqft per seat blended. A 100-person team typically takes 23,000 sqft.
What NAICS codes describe the asset management vertical?: Representative NAICS 2022 codes: 523930, 523920.
What is the talent index in Lagos?: 74/100. Use the city profile for full detail.

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

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