# Lagos office lease norms

> USD-pegged or naira leases (USD common for international tenants).

**Canonical URL:** https://classa.info/cities/lagos/leasing-conventions
**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
- Typical lease length: 2 years.
- Typical rent-free: 4 months.
- Vacancy: 17.6%; trend flat.
- USD-pegged or naira leases (USD common for international tenants).

## 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
### What's a typical lease term in Lagos?
2 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.

### How is rent quoted in Lagos?
In NGN/sqft/year. We also publish a USD-normalised view ($60/sqft/yr) for cross-market comparison.

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