Rent Perfect Working Space in Nigeria’s Financial Capital
Lagos is the financial and commercial hub of Nigeria. As the financial capital of a country reputed to be the biggest in Africa, its commercial properties for rent and sale are in high demand. As a former Federal Capital Territory of Nigeria, Lagos has a seaport and an airport that allows for the easy transportation of services, goods and cargo, to and from the state.
The business hub is located on the Island, and between Lagos Island and Victoria Island, there is a concentration of financial institutions that include the head offices of several of the country’s notable commercial banks.
There is also the Nigerian Stock exchange, the Central Bank and world-class hotels such as Sheraton, Radisson Blue, Oriental Hotel and Four Points by Sheraton within the metropolis.
Commercial Properties Are Available for Fantastic Prices
Renting commercial property in Lagos is lucrative due to the high population and attendant number of businesses. Some areas are very expensive due to their status as business clusters. Ikeja and Victoria Island fall within this category due to their supply of modern utilities and the high overall number of commercial property for rent in Lagos.
The boom in the rent of commercial property for rent is indicated in the number of erstwhile properties that have not been converted to commercial use. Even purely residential areas are witnessing this phenomenon with shopping malls, office spaces, and other business premises springing up almost everywhere.
In Lagos, prices of commercial properties for rent are location based. Parcels of land are usually billed per square metres and this affects the price of properties in such areas (especially on the island and in places like Lekki). However, the mainland considerably has properties more moderately priced.
You can rent a commercial building in Victoria Island, the business hub, for an annual rent of N40, 000, 000 while a warehouse at Ilupeju can be rented at an annual rate of N1359 per square metres.
Use a certified agent.
As much as possible try to get a meeting with the property owner and use legal representation where needed.
All the best with your property hunt!