Lekki Phase 1 / VI Extension's tenant base is anchored by tech, fintech, multinational corporate, professional services.

  • Tier: prime.
  • Tenant character: Trophy expansion corridor.
  • Average rent: ₦60,000/sqm/mo · ≈ $44.8 PSF/yr USD.

Lekki Phase 1 / VI Extension, Lagos tenant profile

Lekki Phase 1 / VI Extension's tenant base is anchored by tech, fintech, multinational corporate, professional services.

TL;DR

  • Tier: prime.
  • Tenant character: Trophy expansion corridor.
  • Average rent: ₦60,000/sqm/mo · ≈ $44.8 PSF/yr USD.

Who clusters here

Tech, fintech, multinational corporate, professional services.

What that means for newcomers

Newcomers to Lekki Phase 1 / VI Extension 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

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 kind of tenants lease in Lekki Phase 1 / VI Extension?
Tech, fintech, multinational corporate, professional services.

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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