Lekki Phase 1 / VI Extension is a prime-tier Lagos submarket with average asking rent around ₦60,000/sqm/mo · ≈ $44.8 PSF/yr USD.

  • Average asking rent: ₦60,000/sqm/mo · ≈ $44.8 PSF/yr USD.
  • Tier: prime.
  • Citywide Class A rent context: ₦80,000/sqm/mo · ≈ $59.8 PSF/yr USD ($60 USD).
  • Citywide vacancy: 17.6% — submarket-level availability is typically tighter at prime tier.

Lekki Phase 1 / VI Extension, Lagos office rents and availability

Lekki Phase 1 / VI Extension is a prime-tier Lagos submarket with average asking rent around ₦60,000/sqm/mo · ≈ $44.8 PSF/yr USD.

TL;DR

  • Average asking rent: ₦60,000/sqm/mo · ≈ $44.8 PSF/yr USD.
  • Tier: prime.
  • Citywide Class A rent context: ₦80,000/sqm/mo · ≈ $59.8 PSF/yr USD ($60 USD).
  • Citywide vacancy: 17.6% — submarket-level availability is typically tighter at prime tier.

Where rent sits

Lekki Phase 1 / VI Extension averages around ₦60,000/sqm/mo · ≈ $44.8 PSF/yr USD for Class A, against a citywide Class A index of 80000. As a prime submarket, rent runs at or above city average with mostly tight availability.

Availability dynamics

Trophy expansion corridor. Tech, fintech, multinational corporate, professional services.

Key facts

cityLagos
submarketLekki Phase 1 / VI Extension
tierprime
averageRentLocal₦60,000/sqm/mo · ≈ $44.8 PSF/yr USD
cityClassARentUsd$60/sqft/yr
cityVacancyPct17.6%

Frequently asked questions

What is the average Class A rent in Lekki Phase 1 / VI Extension, Lagos?
Around ₦60,000/sqm/mo · ≈ $44.8 PSF/yr USD. The citywide Class A index sits at ₦80,000/sqm/mo · ≈ $59.8 PSF/yr USD.

Related

Editorial provenance

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

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