--- title: "Victoria Island (VI), Lagos — Class A submarket" description: "Lagos's trophy financial core." canonical: https://classa.info/cities/lagos/victoria-island pageType: neighborhood lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > Victoria Island (VI) is a trophy-tier Class A submarket of Lagos with average asking rent around ₦100,000/sqm/mo · ≈ $74.7 PSF/yr USD. ## TL;DR - Lagos's trophy financial core. - Trophy tier — ~₦100,000/sqm/mo. - Active Class A leasing market with deal flow across major broker desks. # Victoria Island (VI), Lagos — Class A submarket *Lagos's trophy financial core.* · Tier: trophy · Avg rent: ₦100,000/sqm/mo · ≈ $74.7 PSF/yr USD ## TL;DR - Lagos's trophy financial core. - [Trophy tier](/topics/trophy-asset-selection) — ~₦100,000/sqm/mo. - Active [Class A](/glossary/class-a) leasing market with deal flow across major broker desks. ## Overview Victoria Island anchors Lagos's trophy financial core — Civic Towers, The Wings Office Complex, and the deepest Class A concentration in West Africa. ## Tenant profile Banking, oil and gas (Oando, others), professional services, multinational HQs. ## Typical specification 15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common. ## Transit Bus only; future Light Rail Green Line. Multi-modal transit captures the metro's principal professional catchment. ## Amenities The Palms, Mega Plaza, VI restaurants. ## Comparable buildings - **Civic Towers** [](https://www.google.com/maps/search/?api=1&query=Civic%20Towers%2C%20Ozumba%20Mbadiwe%20Avenue%2C%20Victoria%20Island%2C%20Lagos%2C%20Victoria%20Island%20(VI)%2C%20Lagos%2C%20Nigeria&query_place_id=ChIJVZED9Nf0OxARB-D41zBgmGY) - **The Wings Office Complex** [](https://www.google.com/maps/search/?api=1&query=The%20Wings%20Office%20Complex%2C%2017A%20Ozumba%20Mbadiwe%20Avenue%2C%20Victoria%20Island%2C%20Lagos%2C%20Victoria%20Island%20(VI)%2C%20Lagos%2C%20Nigeria&query_place_id=ChIJE8c1NNaKOxARtv3eevA7qeE) - **NIPOST Tower** [](https://www.google.com/maps/search/?api=1&query=NIPOST%20Tower%2C%20Marina%2C%20Lagos%20Island%2C%20Lagos%2C%20Victoria%20Island%20(VI)%2C%20Lagos%2C%20Nigeria&query_place_id=ChIJc8uoa8yKOxARVegoKlGc7OM) ## Where Victoria Island (VI) sits in Lagos Victoria Island (VI) is one of 5 Class A submarkets we cover in Lagos, classified as trophy tier with an average asking rent around ₦100,000/sqm/mo · ≈ $74.7 PSF/yr USD. Compared with the broader Lagos Class A stock, Victoria Island (VI) typically attracts Banking, oil and gas (Oando, others), professional services, multinational HQs and competes most directly with the city's other trophy submarkets on building specification, transit access, and [amenitisation](/glossary/amenitisation). Adjacent submarkets to study alongside Victoria Island (VI): [Ikoyi](/cities/lagos/ikoyi), [Eko Atlantic City](/cities/lagos/eko-atlantic), [Lekki Phase 1 / VI Extension](/cities/lagos/lekki-phase-1-vi-extension), [Marina (Lagos Island)](/cities/lagos/marina-lagos-island). The full Lagos submarket atlas is at [/cities/lagos](/cities/lagos). ## Topic deep-dives for Victoria Island (VI) For an institutional Class A occupier evaluating Victoria Island (VI), the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket: - [Victoria Island (VI) — ](/cities/lagos/victoria-island/rents-and-availability) - [Victoria Island (VI) — ](/cities/lagos/victoria-island/tenant-profile) - [Victoria Island (VI) — ](/cities/lagos/victoria-island/transit-and-commute) - [Victoria Island (VI) — ](/cities/lagos/victoria-island/amenity-and-lifestyle) - [Victoria Island (VI) — ](/cities/lagos/victoria-island/trophy-and-comparables) - [Victoria Island (VI) — ](/cities/lagos/victoria-island/fit-out-and-spec) ## Related glossary Terminology specific to Lagos Class A leasing and to the trophy tier: [Class A](/glossary/class-a), [Trophy asset](/glossary/trophy-asset), [Effective rent](/glossary/effective-rent), [Concession package](/glossary/concession-package), [TI allowance](/glossary/ti-allowance), [Submarket tier](/glossary/submarket-tier). ## 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 - [**Class A Lease Negotiation**](/topics/class-a-lease-negotiation) — How to negotiate a Class A office lease — the playbook from LOI to signed deal. - [**Hybrid Workplace Strategy**](/topics/hybrid-workplace-strategy) — How to size, structure, and lease a Class A office for a hybrid workforce. - [**ESG / LEED for Tenants**](/topics/esg-leed-tenants) — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease. - [**Cross-border Expansion**](/topics/cross-border-expansion) — How to run a coordinated Class A office search across multiple geographies. - [**Fit-out Capex**](/topics/fit-out-capex) — How to budget, sequence, and govern Class A office [fit-out](/topics/fit-out-capex)">fit-out capex. - [**Lease vs Flex**](/topics/lease-vs-flex) — When premium flex (coworking, [managed office](/glossary/managed-office)) beats a conventional Class A lease — and vice versa. --- Citation: Source: Class A Atlas (https://classa.info/cities/lagos/victoria-island), updated 2026-04-15T00:00:00.000Z.