Lagos continues to dominate Nigeria’s managed office market, accounting for 69% of the country’s total supply, according to the Nigeria Managed Office Report 2026 by Fortren & Company.
The report shows that strong corporate demand, coupled with sustained operator investment, has positioned Lagos as the undisputed hub for flexible and serviced office spaces in Nigeria.
Managed offices, fully serviced workspaces offered on flexible lease terms, are increasingly favoured by businesses seeking lower upfront costs, faster setup, and adaptable workspace solutions.
Fortren & Company noted that Lagos attracts both indigenous and multinational companies, with local firms driving most of the demand.
“Lagos represents 69 per cent of Nigeria’s managed office supply, drawing both local and multinational companies, including Canon, which entered the West African market through Lagos in 2016,” the report stated.
Indigenous companies accounted for 69 per cent of occupiers in 2025, up from 67 per cent in 2023, with demand led by SMEs in financial services, fintech, IT, real estate, and the non-profit sector.
Nearly 80 per cent of these businesses operated without external funding, making flexible offices the most cost-effective option for market entry and growth. Multinational firms, on the other hand, typically preferred operators with international standards and proven service delivery.
Within Lagos, Lekki Phase 1 led managed office supply with about 18 per cent of the city’s total inventory, followed by Victoria Island, Ikoyi, Ikeja, and Yaba. Operators increasingly converted older commercial and residential buildings into flexible office hubs to meet rising demand.
In Abuja, demand clustered around Wuse, Maitama, the Central Business District, and Gwarimpa, while over 60 per cent of managed office activity in Port Harcourt was concentrated within the Greater Port Harcourt Metropolitan Area. Elsewhere, demand remained more dispersed.
The report highlighted rapid ecosystem growth in Lagos, driven by startups, SMEs, and remote professionals such as software developers, content creators, journalists, and hybrid workers.
Operators like Café One expanded aggressively, growing from two locations in 2021 to 15 by 2026. Reliable power supply, high-speed internet, and consistent service delivery emerged as key decision factors, with most hubs ensuring uninterrupted operations even during national grid outages.
Beyond infrastructure, managed offices also offered networking and collaboration benefits, providing professional engagement often lacking in home-based work environments.
Pricing in Lagos’ managed office market varied widely based on location, amenities, and usage type.
- Shared desk access typically started from ₦8,000 per day
- Monthly workstation plans ranged from ₦150,000 to ₦170,000
- Private day offices for teams cost between ₦48,000 and ₦70,000+ per day
- Monthly enclosed offices in prime areas often started above ₦100,000, rising to ₦160,000 or more
- Premium dedicated desks could cost up to $6,080 per year
A January 2026 Nairametrics survey showed average monthly rates across Lagos ranged between ₦135,000 and ₦160,000, reflecting differences in location and service quality.
