Nigeria’s Commercial Real Estate Market to Hit $362.27 Billion by 2025 – Report
Nigeria’s commercial real estate sector is on a trajectory of remarkable growth, with its market value projected to reach $362.27 billion by 2025 , according to a recent Statista Market Insights report. The report highlights a steady Compound Annual Growth Rate (CAGR) of 2.40% from 2025 to 2029 , pushing the market volume to an estimated $398.33 billion by 2029 . Surging Demand & Foreign Investments Nigeria’s real estate sector is currently witnessing an influx of foreign investors , driven by the country’s expanding economy and increasing demand for commercial properties. Across the nation, several high-profile commercial developments are underway, spanning office spaces, retail centers, industrial facilities, multifamily housing, hotels, and warehouses . Major Developments Reshaping the Sector One of the standout projects making waves is the recently inaugurated N80 billion Purple Lekki Mall by Messrs Purple Real Estate . This ultra-modern, eight-floor mixed-use retail hub sit...