Total occupancy cost for Grade A office space in Lagos: $93.0 per sq ft per year. This figure covers rent, service charge, property tax (rates), fit-out amortised over the lease, facilities management, utilities and reinstatement costs.
Lagos Office Cost Breakdown (USD/sqft/yr)
Rent: $58.35/sqft/yr
Service Charge: $8.37/sqft/yr
Property Tax / Business Rates: $0.0/sqft/yr
Fit-Out (amortised over lease): $13.33/sqft/yr
Facilities Management: $5.57/sqft/yr
Utilities: $3.5/sqft/yr
Reinstatement / Dilapidations: $2.5/sqft/yr
Total Occupancy Cost: $93.0/sqft/yr
Lagos Serviced Office Costs
Serviced and flexible office space in Lagos costs between $320.0 and $400.0 per person per month, with a mid-market rate of $376.0 per person per month.
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