{
  "url": "https://classa.info/cities/lagos/rents-and-incentives",
  "title": "Lagos Class A office rents and incentives",
  "description": "Class A asking rents, concessions, free rent, and tenant improvement allowances in Lagos.",
  "oneSentenceAnswer": "Headline Class A rent in Lagos is around ₦80,000/sqm/mo · ≈ $59.8 PSF/yr USD, with 4 months of typical rent-free on a 2-year term.",
  "tldr": [
    "Headline Class A rent: ₦80,000/sqm/mo · ≈ $59.8 PSF/yr USD.",
    "Trophy submarket rents (Victoria Island (VI)) push to roughly ₦100,000/sqm/mo · ≈ $74.7 PSF/yr USD.",
    "Typical concessions on a 2-year deal: 4 months free rent.",
    "Vacancy stands at 17.6% — market trend is flat.",
    "Use effective rent (face minus PV of concessions), not headline, to compare deals."
  ],
  "keyFacts": {
    "city": "Lagos",
    "country": "Nigeria",
    "region": "EMEA",
    "classARentLocal": "₦80,000/sqm/mo · ≈ $59.8 PSF/yr USD",
    "classARentUsd": "$60/sqft/yr",
    "vacancy": "17.6%",
    "typicalLeaseYears": 2,
    "typicalRentFreeMonths": 4,
    "submarkets": 5,
    "primeYieldPct": "9.6%",
    "trophyRent": "₦100,000/sqm/mo · ≈ $74.7 PSF/yr USD",
    "primeRent": "₦60,000/sqm/mo · ≈ $44.8 PSF/yr USD"
  },
  "faqs": [
    {
      "question": "What is the average Class A rent in Lagos?",
      "answer": "Around ₦80,000/sqm/mo · ≈ $59.8 PSF/yr USD across the broader Class A index. Trophy submarkets like Victoria Island (VI) command 20–40% above that."
    },
    {
      "question": "How many months of rent-free are normal in Lagos?",
      "answer": "4 months on a 2-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher."
    },
    {
      "question": "Are rents rising or falling in Lagos?",
      "answer": "The Lagos Class A market is currently flat. Vacancy is 17.6%, which sets the negotiating context."
    }
  ],
  "pageType": "city-topic",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/lagos/rents-and-incentives), updated 2026-04-15T00:00:00.000Z."
}