Marina (Lagos Island) (prime, ~₦50,000/sqm/mo · ≈ $37.3 PSF/yr USD) is one of 5 Lagos Class A submarkets we track.

  • Marina (Lagos Island) sits at prime tier.
  • Average rent ₦50,000/sqm/mo · ≈ $37.3 PSF/yr USD vs city average 80000.
  • Compared submarkets: Victoria Island (VI) (trophy), Ikoyi (trophy), Eko Atlantic City (trophy).

Marina (Lagos Island) vs other Lagos submarkets

Marina (Lagos Island) (prime, ~₦50,000/sqm/mo · ≈ $37.3 PSF/yr USD) is one of 5 Lagos Class A submarkets we track.

TL;DR

  • Marina (Lagos Island) sits at prime tier.
  • Average rent ₦50,000/sqm/mo · ≈ $37.3 PSF/yr USD vs city average 80000.
  • Compared submarkets: Victoria Island (VI) (trophy), Ikoyi (trophy), Eko Atlantic City (trophy).

Side-by-side with peers

**Victoria Island (VI)** (trophy, ₦100,000/sqm/mo · ≈ $74.7 PSF/yr USD) — Lagos's trophy financial core. **Ikoyi** (trophy, ₦95,000/sqm/mo · ≈ $71 PSF/yr USD) — Embassy and luxury HQ enclave. **Eko Atlantic City** (trophy, ₦90,000/sqm/mo · ≈ $67.2 PSF/yr USD) — Master-planned trophy frontier. **Lekki Phase 1 / VI Extension** (prime, ₦60,000/sqm/mo · ≈ $44.8 PSF/yr USD) — Trophy expansion corridor.

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 other submarkets compete with Marina (Lagos Island) in Lagos?
Victoria Island (VI), Ikoyi, Eko Atlantic City

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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