The Lekki Free Trade Zone has recorded substantial growth in its office market, with completed stock now standing at 23,182 square metres. Furthermore, an additional 45,100 square metres of office space is currently in the development pipeline, according to a recent Estate Intel report.

The report, titled "The Future of Workspaces in Lekki Free Trade Zone," highlights a gradual evolution of the zone from a primarily industrial base towards a more mixed-use business environment. This shift is attracting office developments that support administrative, operational, and service functions, complementing existing manufacturing and logistics activities.

Estate Intel noted that approximately 23,182 sqm of office space has been completed, while more than 45,100 sqm remains in the development pipeline. The demand is increasingly being driven by companies already operating within the zone that require proximity-based administrative and support functions, rather than needing standalone headquarters.

Logistics operators, manufacturers, and service providers are at the forefront of this trend. These firms are seeking greater efficiency by locating their back-office operations closer to their production and distribution hubs. This clustering effect is anticipated to attract professional services firms, such as legal, financial, and consultancy outfits, in the long term.

While the Lekki Free Trade Zone continues to function largely as an industrial area, the expanding development pipeline signals an early structural shift. Developers are positioning themselves ahead of anticipated long-term demand, which is closely linked to the growth of ports, manufacturing, and logistics activities in the region.

The zone, which spans parts of Ibeju-Lekki and Epe, is solidifying its position as a significant industrial and commercial hub for Lagos.