By: Aladeselu Margaret Ayomikun
Lagos is known for many things, but one major thing that sets Lagos apart from many other states in Nigeria is its highly acclaimed title as the “hub of commerce”. One could even say that Lagos is to Nigeria as New York City is to the United States of America.
Lagos, the second most populous city in Africa, is the home of the Nigerian hustle. There is a popular assumption amongst Nigerians that if you cannot make it in Lagos, you cannot make it anywhere else in the world. While no research has ever tested the authenticity of this assumption, with the large concentration of commercial institutions in this city, it is not entirely wrong to assume that Nigeria’s chances of achieving success can increase significantly in a city like Lagos.
Like many other types of industry, the short-let industry in Nigeria has a higher concentration in Lagos compared to other states in Nigeria. This is not very surprising as Lagos remains one of the most visited cities in Africa. However, the luxurious environs of Lekki continues to stand out compared to other parts of Lagos with its impressive concentration of serviced apartments. Although there is no known study that backs this up, there are assumptions that Lekki might have the highest concentration of serviced apartments in Nigeria compared to other areas of residence.
Have you ever wondered what makes Lekki so unique and why it is a very strategic market for short-let business? In this article, we would be exploring three factors that have qualified Lekki as the hot zone of short-let business in Nigeria.
1.Luxurious locations: Pay one visit to Lekki and you would understand why it is often referred to as the home of luxury. With 5-star restaurants and exclusive clubs, this area of residence attracts the attention of many locals and tourists every day. Nigerians have a unique craving for luxury, and the businesses that stand high chances of thriving are the ones that best satisfy this craving. There is a sentimental value that many people attach to Lekki, and this is the reason why many short-let companies see it as the perfect target market that they can utilize to their greatest advantage.
2.Eye-catching locations: If you are looking for top sights to visit in Lagos, there are chances that you are going to end up in Lekki. With top locations like Nike Arts Gallery, Lekki Conservation Center and Elegushi Royal Beach, it is no surprise that Lekki has evolved into one of the most visited parts of Lagos.
3. High population of tourists: Since tourists are the main target audience of many short-let companies, it is a no-brainer that many of them would choose to operate actively in this part of Lagos. There are thousands of tourists that troop in and out of Lekki every year, especially during festive seasons. This factor provides a major source of massive profit for many short-let companies as many of them base their operations on tourism.
Many business experts refer to Lekki as a goldmine for real estate experts and a worthy investment. It is safe to assume that this is going to remain the hot zone for short-let business in Nigeria for a very long time. Visit www.spaceet.com to book luxurious apartments in Lagos and other parts of Lagos and Nigeria.
