Lagos is about so as to add 94,931 sq. metres of prime workplace area between 2025 and 2027, unfold throughout ten workplace complexes at present beneath growth.
The Knight Frank Lagos Market Replace H2 2024 report confirmed that the 94,931sqm represents the mixed measurement of the ten tasks, with developments scheduled for completion in 2025 accounting for 77,570sqm, whereas these slated for 2027 will ship an extra 17,361sqm.
In Ikoyi, seven tasks are set to form the market, together with Ulesh Ikoyi with 16,390sqm, Dangote Industries HQ with 17,000sqm, The Pantheon with 8,160sqm, Oasis Plaza with 3,000sqm, Roseworth with 1,680sqm, IoD Home with 3,340sqm, and The Rubicon, which is able to add 9,361sqm upon completion in 2027.
Victoria Island will function Harbour Level Towers, the only largest growth with 20,000sqm due in 2025, alongside RCO Courtroom Tower, a 2027 undertaking providing 8,000sqm. In Ikeja, The Phoenix will ship 8,000sqm in 2025.
As of H1 2025, Knight Frank’s Africa Places of work Market Dashboard report famous that Pantheon Tower in Ikoyi and Phoenix Workplace Park in Ikeja have already been accomplished and are operational, including to Lagos’ rising inventory of premium-grade workplace provide.
Among the many pipeline developments, Harbour Level Towers in Victoria Island stands out as the biggest, adopted by Dangote Industries HQ and Ulesh Ikoyi, each in Ikoyi.
Lagos was ranked as the most costly African metropolis for prime workplace rents in H1 2025 at $55 per sq. metre per thirty days, forward of Abuja ($46/sqm), Cairo ($37/sqm), and Lusaka ($18/sqm), in accordance with Knight Frank’s Africa Workplace Market Dashboard.
Prime occupancy strengthened: Ikoyi rose from 84% in H2 2024 to 91% in H1 2025, whereas the general prime market improved from 65% in H1 2024 to 73% in H1 2025.
Throughout the continent, Grade A and ESG-compliant workplaces are driving a widening hole between prime and secondary markets.
