Knight Frank Report: Lagos Real Estate Trends for 2025

Knight Frank Nigeria released its half-year real estate report, indicating easing inflation and stronger construction activity which are expected to positively influence the Lagos property market in the second half of 2025. Frank Okosun, Senior Partner and CEO of Knight Frank Nigeria, noted that the market reflects broader economic trends, with a stabilizing economic climate and increased public infrastructure spending.

The report highlights a renewed momentum in the industrial logistics segment, driven by improved manufacturing activity and sustained demand around special economic zones. Daniel Fabi, Lead Research Analyst, explained that the office market shows mixed performance, with increased inquiries in decentralized business districts like Ikeja.

The residential market remains strong, particularly in short-let investments. The report also emphasizes ongoing infrastructure improvements in Lagos, which will continue to influence land values and investment appetites across emerging corridors.

Knight Frank Nigeria is part of Knight Frank LLP, a global property consultancy with a significant presence in Nigeria.