When you consider the most costly workplaces space on the planet, urban areas like New York and London,with their notorieties for being worldwide money related focuses, spring to mind. Nonetheless, with regards to valuing, Lagos, the business capital of Africa's biggest economy has figured out how to locate an agreeable spot among them.
Rentals for prime office space in Lagos (Ikoyi) is up to $90 per sq. ft per annum this year, over those seen in Midtown Manhattan in New York where rents are nearer to $76 per sq. ft per annum, as indicated by new information by CBRE, Broll and JLL, land firms. They are likewise trailing the $96 per sq. ft rents found in the City of London and multiple occasions higher than prime office leases in Illovo, Johannesburg.
Author: Dolapo Omidire is a Lagos-based real estate research analyst and editor at estateintel.com.
Image:The Victoria Island waterfront is seen from the Ikoyi neighbourhood in Lagos. REUTERS/Joe Penney