Securing the right warehouse is crucial for businesses operating across Lagos’s commercial hubs. Whether it’s logistics, retail, or import/export, here’s what you need to know about warehouse leasing on Lagos Island and the Lagos Mainland.
Overall Rental Market Snapshot
- Total Listings in Lagos:
Lagos has around 328 warehouse listings for lease with average annual rents at ₦20 million. Prices vary widely—from as low as ₦500,000 up to ₦450 million per annum. - Mainland Focus:
Mainland areas feature 183+ listings, with prices ranging from ₦3 million to ₦45,000 per sqm. Options include warehouses in Isolo, Ikeja, and other industrial zones.
Lagos Mainland Warehouse Highlights
| Location | Size / Feature | Rent / Rate |
|---|---|---|
| Isolo, Industrial | Monthly warehousing | Approx. ₦15,000 per pallet |
| Ikeja GRA | 200 sqm with apartment | ₦45,000 per sqm per annum |
| Oba Akran, Ikeja | 855 sqm with offices | ₦38,000 per sqm per annum |
| Multi-size options | 800–3,200 sqm | ₦30,000–₦45,000 per sqm per annum |
Additionally, estate agent listings include properties like:
- 2,000 sqm warehouse in Ajao Estate—₦5 million/year
- 2,000 sqm in Isolo—₦15 million/year
- 850–3000 sqm units along Oba Akran, Ikeja—₦42,000–₦55,000 per sqm
Lagos Island Warehouse Options
Warehouse opportunities on Lagos Island are limited but prime for strategic locations:
- Onikan / Marina Warehouse + Showroom (Behind TBS):
- Four-storey building with:
- Rooftop: 3,100 sqm
- Ground floor: 700 sqm warehouse + 186 sqm showroom and 104 sqm office
- Includes parking for 100 vehicles
- Price: ₦100,000 per sqm per annum
- Four-storey building with:
- Savage Lane, Marina:
- Warehouse & office complex on ~1,462 sqm
- Sale Price: ₦320 million
Choosing Between Mainland and Island
| Factor | Best Choice |
| Cost Efficiency | Mainland—more square meter value |
| Accessibility | Island—close to business hubs |
| Usage Intent | Mainland—for mass storage & logistics |
| Prestige Location | Island—ideal for showroom integration |
Strategic Hotspots
- Mainland Focus Areas:
- Ikeja, Isolo, Oba Akran: Industrial zones with warehouse concentration
- Isolo Industrial Estate: Popular for palletized storage with flexible terms
- Island Locations:
- Onikan / TBS vicinity: High visibility, mixed-use setups ideal for logistics/offices and showrooms
Final Thoughts
Warehouse leasing in Lagos in 2025 shows clear differences between Mainland and Island options:
- Mainland: Competitive pricing with broader size options; rates typically between ₦30,000–₦45,000 per sqm per annum
- Lagos Island: Premium locations available, such as multi-story facilities with integrated office/showroom functionality at ₦100,000 per sqm per annum
Let Travo.ng assist in finding the perfect warehouse solution for your business—from location sourcing to logistics integration.
