Marina (Lagos Island) is a prime-tier Lagos submarket with average asking rent around ₦50,000/sqm/mo · ≈ $37.3 PSF/yr USD.

• Average asking rent: ₦50,000/sqm/mo · ≈ $37.3 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.

TL;DR

• Average asking rent: ₦50,000/sqm/mo · ≈ $37.3 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

Marina (Lagos Island) averages around ₦50,000/sqm/mo · ≈ $37.3 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

Historic CBD with banking heritage. Central banking (CBN), government, traditional banking, trade.

Key facts

Frequently asked questions

What is the average Class A rent in Marina (Lagos Island), Lagos?

Around ₦50,000/sqm/mo · ≈ $37.3 PSF/yr USD. The citywide Class A index sits at ₦80,000/sqm/mo · ≈ $59.8 PSF/yr USD.

Related

• Marina (Lagos Island) — submarket overview
• Lagos — full city profile
• Lagos submarkets — all
• Marina (Lagos Island) — Tenants
• Marina (Lagos Island) — Transit
• Marina (Lagos Island) — Amenity
• Marina (Lagos Island) — Buildings

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

Full sources index · Submit a correction

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