Nigeria Retail Real Estate Price Appreciation
Nigeria Retail Renaissance - hope and resilience kept retail real estate through out the pandemic and the current outlook is an indication of retail blossoming like a flower after winter.
Developers, investors, managers and funds providers are now in-between decisions, as to whether to:
1. Build or Purchase.
2. Build to lease vs Build to Sale.
3. Best options for mixed strategy.
These indecisions and confusion are further compounded by the price vs location wars, especially within Lagos, Abuja and Port Harcourt property markets. Early year (January 2022) stats recorded a price growth of 60.23% above sales price per sqm of retail space for the same period in 2021.
One major fact is that industrial and retail real estate are leading the pack in growth and price appreciation within the Nigeria real estate market, as decision to buy rather than lease is preferred.
To gain more insights and market intelligence, speak to akinABRAHAM & ASSOCIATES Retail team at +2348068774629, www.akaa-ng.com
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