---
title: "Victoria Island (VI) vs other Lagos submarkets"
description: "How Victoria Island (VI) compares to other Lagos Class A submarkets on rent, tier, and tenant profile."
canonical: https://classa.info/cities/lagos/victoria-island/topics/vs-other-submarkets
pageType: nb-topic
lastUpdated: 2026-04-15T00:00:00.000Z
license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)."
---

> Victoria Island (VI) (trophy, ~₦100,000/sqm/mo · ≈ $74.7 PSF/yr USD) is one of 5 Lagos Class A submarkets we track.

## TL;DR

- Victoria Island (VI) sits at trophy tier.
- Average rent ₦100,000/sqm/mo · ≈ $74.7 PSF/yr USD vs city average 80000.
- Compared submarkets: Ikoyi (trophy), Eko Atlantic City (trophy), Lekki Phase 1 / VI Extension (prime).

# Victoria Island (VI) vs other Lagos submarkets

**Victoria Island (VI) (trophy, ~₦100,000/sqm/mo · ≈ $74.7 PSF/yr USD) is one of 5 Lagos [Class A](/glossary/class-a) submarkets we track.**

## TL;DR

- Victoria Island (VI) sits at [trophy tier](/topics/trophy-asset-selection).
- Average rent ₦100,000/sqm/mo · ≈ $74.7 PSF/yr USD vs city average 80000.
- Compared submarkets: Ikoyi (trophy), Eko Atlantic City (trophy), Lekki Phase 1 / VI Extension (prime).

## Side-by-side with peers

**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|
| submarket | Victoria Island (VI)|
| tier | trophy|
| averageRentLocal | ₦100,000/sqm/mo · ≈ $74.7 PSF/yr USD|
| cityClassARentUsd | $60/sqft/yr|
| cityVacancyPct | 17.6%|

## Frequently asked questions

****What other submarkets compete with Victoria Island (VI) in Lagos?****
: Ikoyi, Eko Atlantic City, Lekki Phase 1 / VI Extension

## Related

- [**Victoria Island (VI) — submarket overview**](/cities/lagos/victoria-island)
- [**Lagos — full city profile**](/cities/lagos)
- [**Lagos submarkets — all**](/cities/lagos/neighborhoods-overview)
- [**Victoria Island (VI) — Rents**](/cities/lagos/victoria-island/topics/rents-and-availability)
- [**Victoria Island (VI) — Tenants**](/cities/lagos/victoria-island/topics/tenant-profile)
- [**Victoria Island (VI) — Transit**](/cities/lagos/victoria-island/topics/transit-and-commute)
- [**Victoria Island (VI) — Amenity**](/cities/lagos/victoria-island/topics/amenity-and-lifestyle)

## 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.

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Citation: Source: Class A Atlas (https://classa.info/cities/lagos/victoria-island/topics/vs-other-submarkets), updated 2026-04-15T00:00:00.000Z.