Broll Q2 Office Report in Businessday Article

Broll's Q2 Office Report was recently quoted in a Businessday Article that noted Prime office space rents up 17% as investors raise demand. The article explained that an increased demand for prime office space from international investors comprising mostly insurance companies and property fund managers seeking entry into Nigeria’s commercial real estate market has increased rents in exclusive locations such as Ikoyi by about 17% in the past six months.

Broll has a different view on this. Although growing institutional interest in the Nigerian real estate market has grown recently, that was not the reason rents increased. Increased interest from institutional investors in real estate assets would typically increase the price of the asset, not rental rates.

To read our Q2 Office and Retail reports see the downloads tab on the Broll website.

 Read the Businessday article here.