---
title: "Lagos Class A submarkets"
description: "All 5 Class A submarkets we track in Lagos — tier, average rent, and tenant profile."
canonical: https://classa.info/cities/lagos/neighborhoods-overview
pageType: city-topic
lastUpdated: 2026-04-15T00:00:00.000Z
license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)."
---

> Lagos has 5 distinct Class A submarkets we track, anchored by Victoria Island (VI) at the trophy tier.

## TL;DR

- 5 submarkets covered.
- Trophy tier: Victoria Island (VI), Ikoyi, Eko Atlantic City.
- Prime tier: Lekki Phase 1 / VI Extension, Marina (Lagos Island).
- Established/emerging tier: —.

# Lagos Class A submarkets

**Lagos has 5 distinct [Class A](/glossary/class-a) submarkets we track, anchored by Victoria Island (VI) at the [trophy tier](/topics/trophy-asset-selection).**

## TL;DR

- 5 submarkets covered.
- Trophy tier: Victoria Island (VI), Ikoyi, Eko Atlantic City.
- Prime tier: Lekki Phase 1 / VI Extension, Marina (Lagos Island).
- Established/emerging tier: —.

## By tier

**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](/topics/cross-border-expansion) corridor.

**Marina (Lagos Island)** (prime, ~₦50,000/sqm/mo · ≈ $37.3 PSF/yr USD) — Historic CBD with banking heritage.

## Key facts

| 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%|
| trophyCount | 3|
| primeCount | 2|

## Frequently asked questions

****How many Class A submarkets are in Lagos?****
: 5, ranging from trophy (Victoria Island (VI)) down to established and emerging clusters.

## Editorial provenance

Reviewed by [**Samuel Okafor**](/about/authors/samuel-okafor) — EMEA contributing editor. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards).

### Primary sources for this page

- [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE
- [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL
- [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield
- [Savills World Research](https://www.savills.com/research_articles/) — Savills
- [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers

[Full sources index](/about/sources) · [Submit a correction](/about/corrections)

## Related topics

- [**Trophy Asset Selection**](/topics/trophy-asset-selection) — How to identify and evaluate trophy Class A assets for a flagship requirement.

---

Citation: Source: Class A Atlas (https://classa.info/cities/lagos/neighborhoods-overview), updated 2026-04-15T00:00:00.000Z.