Average Annual Rent in Lekki Phase 1 Hits ₦10m as Rental Growth Tops Lagos Island

July 8 (THEWILL) — Average annual rent for a two-bedroom apartment in Lekki Phase 1 has climbed to ₦10 million, making it the fastest-growing residential rental market among Lagos Island’s prime neighbourhoods over the past five years. This is according to the Lagos Island Residential Market Report 2026 by Lagos Realty, which tracks residential rental

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