Nigeria's commercial real estate market is set to reach an impressive value of $362.27 billion by 2025, according to a report. The projection considers various trends and factors in the Nigerian real estate sector, with the market expected to grow at a steady annual rate of 2.40 per cent from 2025 to 2029, reaching a total of $398.33 billion by 2029.
Nigeria's commercial real estate market is experiencing significant demand, driven by foreign investment in the country's expanding economy. Numerous commercial real estate developments are underway, spanning office spaces, retail outlets, industrial areas, multifamily housing, hotels, and warehouses.
With continued urbanisation and population growth expected to drive the demand for real estate in Nigeria, urban developments are set to play a key role in shaping the country's commercial real estate landscape.
