Marina (Lagos Island)'s tenant base is anchored by central banking (cbn), government, traditional banking, trade.

  • Tier: prime.
  • Tenant character: Historic CBD with banking heritage.
  • Average rent: ₦50,000/sqm/mo · ≈ $37.3 PSF/yr USD.

Marina (Lagos Island), Lagos tenant profile

Marina (Lagos Island)'s tenant base is anchored by central banking (cbn), government, traditional banking, trade.

TL;DR

  • Tier: prime.
  • Tenant character: Historic CBD with banking heritage.
  • Average rent: ₦50,000/sqm/mo · ≈ $37.3 PSF/yr USD.

Who clusters here

Central banking (CBN), government, traditional banking, trade.

What that means for newcomers

Newcomers to Marina (Lagos Island) 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
submarketMarina (Lagos Island)
tierprime
averageRentLocal₦50,000/sqm/mo · ≈ $37.3 PSF/yr USD
cityClassARentUsd$60/sqft/yr
cityVacancyPct17.6%

Frequently asked questions

What kind of tenants lease in Marina (Lagos Island)?
Central banking (CBN), government, traditional banking, trade.

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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