Knight Frank Spotlights Infrastructure Growth, Market Resilience, Emerging Trends in New Report 

Knight Frank Nigeria has highlighted the resilience of Lagos’ real estate sector, pointing to stabilising macroeconomic conditions, rising office occupancies, infrastructure-driven opportunities, and a fast-expanding digital economy as defining features of the market in the first half of the year. 

This disclosure was made during a briefing in Lagos to announce the release of the H1 2025 edition of its flagship research report, the Lagos Market Update. 

Insights from the report, alongside commentaries from the firm’s leadership, underscore how affordability pressures, shifting consumer preferences and investor confidence are reshaping the city’s property landscape. 

The report showed that Nigeria’s economy gained some traction in the first half of 2025, with inflation falling from 34.8 per cent in December 2024 to 22.97 per cent in May 2025 (partly due to CPI rebasing by the National Bureau of Statistics), while the naira appreciated from N1,661 to N1,539 to the US dollar. 

These shifts influenced the residential, office, retail, industrial and infrastructure markets across the city.

Speaking at the media briefing, the Senior Partner/CEO of Knight Frank Nigeria, Frank Okosun, said: “The Lagos property market is a mirror of Nigeria’s economic realities. In the first half of 2025, we witnessed significant reforms that stabilised the naira, a notable drop in inflation, and a renewed push for infrastructure development. These shifts are directly shaping the dynamics of real estate across the city.”

The Head of Marketing and Corporate Communications at Knight Frank Nigeria, Lanre Sonubi, added: “This report is not just a presentation of figures, it decodes the implications of market shifts. For instance, while office occupancies are rising, rents are softening, creating opportunities for tenants. These insights are essential for investors, occupiers and policymakers who must anticipate change and make informed decisions.”

According to the report, the residential sector is adjusting to changing demand patterns, with tenants exploring suburban areas such as Ikorodu and Ibeju-Lekki, while short-let apartments and studio housing continue to grow in popularity.

The Lead Research Analyst at Knight Frank Nigeria, Mr Daniel Fabi, also noted that the office market showed resilience as occupancy in Grade A spaces rose from 65 per cent to 73 per cent, even though prime rents in Ikoyi softened slightly to $55 per square metre. 

“Eko Atlantic City is consolidating its status as a new business hub, with MTN Nigeria and First Bank relocating their headquarters there,” he added.

Meanwhile, in the retail sector, consumer preferences are shifting towards hyper-local shopping outlets, with local players such as Bokku! Mart expanding rapidly to over 150 branches, outpacing international brands.

The industrial sector also posted gains, supported by increased manufacturing activity and policy reforms such as the Federal Government’s ‘Nigeria First’ initiative.

Infrastructure development remains a key growth driver. 

Projects such as the Lagos-Calabar Coastal Highway, the 68km Green Line rail, and the Opebi-Mende Bridge are expected to open up new opportunities for real estate and economic activity.

The report also highlighted the rapid growth of digital infrastructure, with Lagos now hosting 18 data centres and more under construction. 

Rack Centre inaugurated a new 12MW facility in April, while Open Access Data Centres announced a US$240 million expansion that will double its capacity to 24MW by 2027, further positioning Lagos as a hub for Africa’s digital economy.

The post Knight Frank Spotlights Infrastructure Growth, Market Resilience, Emerging Trends in New Report  appeared first on THISDAYLIVE.

​  

  • Related Posts

    BREAKING: Bandits Abduct Serving Councillor In Southern Kaduna

    Gwantu, who represents Gwantu Ward in Sanga Local Government Council, was abducted in the early hours of Friday.  ArticlesRead More 

    Nigerian Police Inspector Accused Of Sexually Assaulting 8-Year-Old Orphan In Abuja

    The minor, identified only as Zahra, is under the guardianship of a doctor following the death of both her parents.  ArticlesRead More 

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Business & Economy

    NDLEA arrests 280 drug suspects in Oyo State, secures 43 convictions in 8 months 

    PZ Cussons swings back to profit, pockets N16.6 billion in 2025 comeback 

    NRC suspends Port Harcourt–Aba train services for maintenance, resumes Sept 9 

    Nigerian billionaires with the highest share price gains/losses in August 2025 

    EFCC declares Sujimoto boss, Olasijibomi Ogundele wanted for alleged fraud 

    CBN launches compliance department to oversee financial crimes and ESG risks 

    Immigration Officials: High Cost of Passport Cannot Prevent Racketeering, Extortion

    NEZA Welcomes Tax Reform, Calls for Constructive Dialogue on Provisions for Free Zones

    Nigeria has been officially picked to host the 2027 edition of the Intra-African Trade Fair (IATF).

    As Ethiopia Aims to Boost Revenue from Tourism

    Contractor to Commence Work on Lagos International Terminal in 3 Months

    Environment Minister Inaugurates Vitapur’s Eco-friendly Innovation Hub

    NAHCO Deploys New, Advanced Equipment to Enhance Operations Nationwide

    Wema Bank: Driving Societal Impact Through Innovation, Grants, Youth Empowerment

    Four New Millionaires Emerge in Season 10 of FCMB Promo

    Experts Urge Young Professionals to Build Networks, Emotional Intelligence for Career Success

    Experts Push for Homegrown AI Solutions

    FG Urged To Adopt Bottom-Up Measures to Deliver Social Intervention Programme 

    BPE moves to privatise 91 companies, eyes IPOs for DisCos, GenCo

    RMRDC charts post-ban course for shea Industry, targets women

    RMRDC charts post-ban course for shea Industry, targets women

    Court convicts Dennis Tamarakuro for defrauding a U.S.-based NGO of over $71,000 

    FG did not order CNG pump price change, private operators responsible – PCNGI 

    President Tinubu commits N1.85 billion to education and rehabilitation of Chibok girls

    Fidson Healthcare signs MoU with Japanese firm Ohara, highlights partnership benefits 

    International Breweries up 9.82% as All-Share Index snaps losing streak, mid-caps rally 

    How Dangote Cement made revenue of N2.07 trillion in 6 months of 2025  

    PCNGI speaks on subsidy removal claim on CNG

    PCNGI speaks on subsidy removal claim on CNG

    Inflation, a major factor driving DeFi adoption in Nigeria – Polytope Labs Co-Founder 

    Wale Edun calls for sustainable health financing, strategic infrastructure investments in Nigeria’s health sector 

    Billionaire fashion designer, Giorgio Armani dies at 91 

    From Within the Room: Beyond the noise of criticism

    President Tinubu leaves for Europe on 10-day annual vacation 

    PenCom issues new guidelines for pension fund performance reporting to enhance transparency 

    Fidson signs MOU with Japanese firm at TICAD9  

    AA&R Group and Abdullahi Bashir Haske refute false allegations, demand retraction from The Africa Report 

    University of Maiduguri joins beneficiaries of OPay’s N1.2 billion ten year scholarship programme