Victoria Island (VI)'s tenant base is anchored by banking, oil and gas (oando, others), professional services, multinational hqs.

• Tier: trophy.
• Tenant character: Lagos's trophy financial core.
• Average rent: ₦100,000/sqm/mo · ≈ $74.7 PSF/yr USD.

TL;DR

• Tier: trophy.
• Tenant character: Lagos's trophy financial core.
• Average rent: ₦100,000/sqm/mo · ≈ $74.7 PSF/yr USD.

Who clusters here

Banking, oil and gas (Oando, others), professional services, multinational HQs.

What that means for newcomers

Newcomers to Victoria Island (VI) 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

Frequently asked questions

What kind of tenants lease in Victoria Island (VI)?

Banking, oil and gas (Oando, others), professional services, multinational HQs.

Related

• Victoria Island (VI) — submarket overview
• Lagos — full city profile
• Lagos submarkets — all
• Victoria Island (VI) — Rents
• Victoria Island (VI) — Transit
• Victoria Island (VI) — Amenity
• Victoria Island (VI) — 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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