87% of employees would like their employer to offer healthy workspace benefits, and 40% of the growing demand for coworking space is expected to come from more giant corporations.
You can rent a single building for your business office, a block of buildings, or a skyscraper from a reputable real estate company like Churchgate.
Our portfolio ranges from office buildings, co-working spaces, and skyscrapers. Check out the Churchgate catalog or schedule a tour.
There are over 17,000 office space listings in Nigeria to be rented, but what is the best office space for rent in Nigeria? Read till the end of this article to find out.
What Kind Of Office Space Can I Rent In Nigeria?
You can rent a private, coworking, or executive suite in any location of your choice, and these office spaces are classified into three based on their nature and aesthetics.
Class A office space for rent
Class A offices are newly constructed buildings with considerable renovations or continuous improvements. These structures are often of the finest caliber, situated in upscale neighborhoods in large cities and featuring the best architectural and aesthetic designs.
Due to the superior construction of the buildings, they are frequently rented by large corporations or conglomerates and have relatively high rental rates.
Class B office space for rent
Class B office spaces are as lovely as class A office spaces, except that they are typically located in older structures that have received consistent upkeep. Due to the ordinary to above-average quality of the buildings, they tend to fetch average rental rates even though they are situated in several city districts that were once considered desirable locations.
Class C office space for rent
Class C office buildings are more than 20 years old, have outdated designs, aesthetics, and overall quality, and are frequently situated in unfavorable areas of the city.
They have the lowest rental rates, take the longest to lease, are relatively scarce, are frequently sought after by start-up enterprises, require significant modifications or rebuilding, and are frequently targeted as redevelopment prospects.
Churchgate is the ideal real estate firm to rent class-A office spaces in any location.
Let’s take you on a tour of our exclusive office spaces built for excellent businesses.
What Should I Consider Before Renting Office Space In Nigeria
There are many office spaces for rent in Nigeria, but what should you consider before you choose one?
Here are the first things to consider:
1. The nature of your business
The nature of your business will tell if you should go for an executive suite or a private office. If you have more people in your team and host frequent meetings with your client, then an executive suite with a conference room is most suitable.
2. The reputation of the location
You don’t want your business to be located in a notorious location. Always consider the safety of the location before you rent an office space. You can confirm with people around the area or get a security report from the police.
3. Visibility
How many people will see your business in that location? You want to site your business in a busy area that draws many eyes. Of course, there is an exception; you can decide to locate your business in an exclusive location.
Whichever one you choose, Churchgate is your best bet for landing your dream office space in Nigeria. Check out our catalog and schedule a tour with us.
4. Location of your competitors
Do you want to be close or far away from your competitors? This is one of the significant things to consider.
It’s essential to achieve the correct balance when it comes to competition in any firm. A particular customer segment may be lost if you are too far from your competitors, yet being too close to them may increase business pressure and rivalry.
5. Your budget
Your budget is one of the first things to check before renting an office space in Nigeria. How much can you afford? How far are you willing to stretch your budget? A clear understanding of this will help you narrow your options.
We would work with your budget at Churchgate to offer you the best office for your business.
Just schedule a tour with us to rent the office space of your dreams.
6. Space and design
It’s not just about knowing the best office space for rent in Nigeria; can you tweak the office space and design to suit your brand? Your office’s infrastructure plays a significant part in determining its stability.
A positive work atmosphere can motivate your staff to make the company more successful. In most cases, office buildings have a wide range of amenities. However, you must choose the one most suitable.
7. Maintenance
Choose an office space that is flexible and easy to maintain so you can always change your office layout and design when necessary.
What Is The Best Office Space For Rent In Nigeria?
There is no best office space for rent in Nigeria; it all depends on factors such as the nature of your business, location, or budget. But most professional businesses resort to renting a skyscraper. That way, they can share space with other businesses and save costs.
Ready to hire a skyscraper for your business? Book a tour with Churchgate
Renting a skyscraper for your office space is always a win-win because you would have access to many businesses and networks in your industry, so there is a higher chance of growth.
Conclusion On Guide To Office Space For Renting In Nigeria
As mentioned earlier, the ideal office space for rent in Nigeria is the one that meets your business needs and budget.
At Churchgate, we are committed to growing your business; you don’t just rent your office space from us; we also offer maintenance tool kits and consultation.
Ready to take your business to the next level?
Schedule a tour with us
FAQs About Office Space For Rent
How much is office space in Nigeria?
Office space for rent in Nigeria averages $4,000,000 annually. The most expensive office space is 110,000,000 annually, while the least expensive is only 60,000.
Are office spaces profitable?
According to the Global Coworking Survey, only 43% of coworking spaces are lucrative, meaning that 57% are negative.
How much office space do I need for 3 people?
The general recommendation is to allow 125 to 225 square feet of usable office space per person.
How much is an office space in Lekki?
Office space in Lekki, Lagos, rents for an average of $4,500,000 per year. The most costly office space costs £27,400,000 annually, while the most affordable is £151,000. Lekki, Lagos, Nigeria, has 197 open office spaces and 3,871 listings.
How much does it cost to rent an office space in Abuja?
On average, office space in Abuja costs 4,420,000 a year to rent. The most costly office space is priced at 144,000,000 a year, while the least expensive is priced at 280,000.
What is a good location for an office?
It is vital that employees can enter the building with ease. It would be ideal for your location to be close to a nearby train station or bus stop if many of your employees typically come to and from work by train or bus. Also, consider the location of your competitors and industry leaders.
